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4540 Highway 22
Mandeville, LA 70471

$4,787,233 USD

Drugstore For Sale  •  13,813 SF

Property Details

• Property Type Drugstore
• Total Building Size 13,813 SF
• Lot Size 1.5 AC
• Building Class C
• Year Built 2008
• Cap Rate 9.00 %
• Tenancy Single

0 Transit Score

57 Walk Score

Highlights

Absolute NNN Lease | Zero Landlord Responsibilities

Corporate Guarantee from a Credit Rated Tenant | NYSE Standard & Poor’s BBB+

Heavy Traffic Counts | 20,100+ Vehicles Per Day on US Hwy 22

Long Term Lease | 11+ Years Remaining on the Lease

Large 1.5 ACRE Lot with a Drive-Thru Pharmacy

Seller to provide Buyer a full credit of three years rent at closing to compensate for the Rent Holiday

Property Flyers

4540 Louisiana Hwy - CVS OM

Cap Rate:

9.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
CVS Pharmacy

Amenities

• Drive Thru

Public Transportation

Airport	Drive	Walk	Distance
Louis Armstrong New Orleans International	49 min	-	36.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	59
Type:	Surface
Included in Rent:	Yes