3384 Government St Baton Rouge, LA 70806

This exceptional investment opportunity presents a 10,908-square-foot CVS Pharmacy located at 3384 Government St, Baton Rouge, LA 70806. The property, built in 1998, sits on a 1.75-acre lot and features a single-story building with a net lease structure (NNN), offering zero landlord responsibilities. The current lease, with a corporate guarantee from CVS, expires December 2, 2023, but includes 3-5 year options with a 1.68% rent increase in each option period. The property boasts a strong 8.25% cap rate and a net operating income (NOI) of $323,869, with an asking price of $3,928,000. This location benefits from extended hours (until midnight), a unique advantage among Baton Rouge CVS stores. The property's strategic location is enhanced by recent city improvements to Government Street, creating a vibrant commercial environment. Nearby key employers include BlueCross BlueShield (2,400 employees), ExxonMobil (4,200 employees), and a significant Amazon fulfillment center under construction. The proximity to Louisiana State University (35,914 students) and Baton Rouge Metropolitan Airport (800,000+ annual travelers) further strengthens the property's investment potential. Liquor sales contribute to the property's recession-resistant qualities. This is a rare opportunity to acquire a high-performing, well-located CVS Pharmacy with significant upside potential.