9510 Ellerbe RdShreveport, LA 71106

Property Details for 9510 Ellerbe Rd

Year built

2012

Construction

ADOBE

Lot size

2.36 AC

Property size (Sq ft)

12,084 SF

Property type

Other commercial real estate

APN

161308-035-0001-00

APU

161308035000100

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,802,256

  Hospitality

  $3,482,846

  Educational

  $2,897,687

  Medical

  $2,997,343

  Retail

  $4,507,513

Location Insight

City

Shreveport

County

Caddo

State

Louisiana

Latitude

32.3936

Longitude

-93.7257

CBSA code

43340

CBSA name

SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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