For Sale
$4,014,803

9510 Ellerbe RdShreveport, LA 71106

Shreveport, LA: High-income, 15-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a single-tenant, 11,945 square foot CVS Pharmacy located at 9510 Ellerbe Rd, Shreveport, LA 71106. The property boasts a strong 15.2-year remaining lease term (commencing February 18, 2015, and expiring January 31, 2040) with a credit-rated, corporate-guaranteed tenant, CVS Health Corporation. The absolute NNN lease provides a stable income stream with minimal landlord responsibilities. Built in 2012, this one-story building is situated in a high-traffic area with excellent visibility, adjacent to the Camp Forbing Town Center, anchored by a high-performing Kroger Marketplace and a newly constructed YMCA. The property benefits from a high average household income exceeding $131,000 within a one-mile radius and enjoys a prominent location near major roadways (I-49 and LA Hwy 3132), experiencing combined daily traffic exceeding 110,000 vehicles. The property's location ranks in the 84th percentile for visits in Louisiana, indicating strong sales potential. The asking price is $4,014,803, representing a price per square foot of $336.11 and a 5.50% cap rate with a current NOI of $220,814. The lease includes ten, five-year renewal options, ensuring long-term stability and return on investment. This is a rare opportunity to acquire a high-performing, investment-grade retail property in a thriving Shreveport community.

Highlights

  • Shreveport, LA, is Louisiana's third-largest city, a regional economic and cultural hub with a MSA population exceeding 393,000 and a high concentration of colleges and universities.
  • This CVS is adjacent to Camp Forbing Town Center, anchored by a top-performing Kroger Marketplace exceeding 38,000 weekly visits.
  • Across the street, a new $12 million, 44,000 SF YMCA complex opened, projected to significantly increase foot traffic.
  • This location ranks in the 84th percentile for visits statewide, indicating high sales potential.
  • This CVS is the closest national pharmacy to major roadways (I-49 and LA Hwy 3132), with 110,000+ daily vehicles, and has no national pharmacy competition within 3 miles.
  • The property serves an affluent area with average household incomes exceeding $131,000 within a 1-mile radius.

Property Details for 9510 Ellerbe Rd

Property type
Retail properties, Drug stores
Square Feet
11,945 SF
Year Built
2012
Buildings
1
Stories
1

Location Insight

City
Shreveport
County
Caddo Parish
State
Louisiana
Latitude
32.3936046
Longitude
-93.7256071
9510 Ellerbe Rd, Shreveport, Louisiana

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9510 Ellerbe Rd
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