CVS NNN for Sale in Covington, LA — $4.2M | 9.5% Cap
- $4,236,000
CVS NNN for Sale in Covington, LA — $4.2M | 9.5% Cap
- $4,236,000
Details
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Price $4,236,000
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CAP Rate 9.5%
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Tenant CVS Pharmacy
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Years Left 7.0 years left
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NOI $402,209
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City Covington
Description
CVS NNN for Sale in Covington, LA — $4,236,000 | 9.5% Cap
This CVS triple net lease property in Covington, LA offers passive income investors BBB+ credit, 7.0-year lease through 2033, and $402,209 annual NOI at 9.5% cap rate with absolute NNN structure.
Investment highlights
TERM REMAINING (7 YEARS) – Primary Term expires 1/31/2033. CVS has operated from this location since 2008.
ABSOLUTE NET BOND LEASE – No Landlord Responsibilities.
ACTIVE RETAIL TRADE AREA – The property is located at the corner of a signalized intersection adjacent to two strip centers and numerous national tenants including
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