9510 Ellerbe Rd Shreveport, LA 71106

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.