4540 La-22Mandeville, LA 70471

This exceptional investment opportunity presents a fee-simple ownership of a 13,813-square-foot CVS Pharmacy located at 4540 LA-22 in Mandeville, Louisiana. Built in 2008 on a 1.5-acre lot, this single-story building boasts a drive-thru pharmacy and benefits from a high-traffic location on Highway 22, seeing over 20,147 vehicles daily. The property enjoys 100% occupancy under an absolute NNN lease with a corporate guarantee from CVS Pharmacy, providing zero landlord responsibilities. The lease, expiring January 31, 2035, offers a remaining term of 11 years with two 5-year renewal options. The property's strong financial performance is reflected in its $430,851 net operating income (NOI) and a 9.00% cap rate, with an asking price of $4,787,233 ($346.57 per square foot). The property's strategic location near numerous national retailers, including Rouses Market, Sonic, Chick-fil-A, Starbucks, Target, and Whole Foods, and a large residential population within a 3-mile radius, further enhances its investment appeal. This is an ideal opportunity for investors seeking a passive income stream with a credit-worthy tenant and a long-term, secure lease. The property's strong financials, prime location, and minimal landlord responsibilities make it a compelling investment prospect.