1540 N. Market St.

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1540 N. Market St.

Shreveport, LA 71107
Asking Price
$1.92M
Cap Rate
9.75%
Asset Type
Pharmacy/Drug Retail
Class
Class B

What's Special

Retail | 9.75% CAP | 15,634 SqFt <ul><li>​Leased to CVS Caremark, featuring zero landlord responsibilities with over 5.5 years remaining on the initial term and (10) 5-year renewal options in place</li><li>​Corporately guaranteed lease from CVS Caremark, with over 9,000 locations nationwide, Investment grade tenant (S&P: BBB | Moody's: Baa3)</li><li>​Provides an investor with the opportunity to acquire the asset on a low basis with below market rents</li><li>​2 points of Ingress/Egress from Market Street and Hearne Avenue provi

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NOI
$80,000
Cap Rate
4.17%
DSCR
0.70
Underwater
Cash-on-Cash
-5.90%
Monthly Payment
$9,499.112
Annual Cash Flow
$-33,989.349

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