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Shreveport, LA - NNN Leased CVS Store
Why Buy This Property
This investment opportunity is a 11,200 square foot free standing CVS Pharmacy located in Shreveport, Louisiana. The property is on a 20-year absolute NNN lease which commenced in 1998. The lease calls for increases every 5 years through its four option periods. The property is ideally positioned at the signalized intersection of Hollywood and Hearne (US-171) Avenues providing excellent visibility with exposure to daily traffic counts of over 8,500 venicles per day. The site provides excellent frontage and signage.
Description
Absolute NNN Lease: Corporate CVS Backed. 3+ years of primary term remaining with four 5-year renewal options - NO LANDLORD RESPONSIBILITIES
Property Location
Auction / Date / Time
November 04, 2015 1:00 P.M. Eastern Standard TimeInspection Dates
The CVS is open for business. In order to inspect the building please call 312.953.9534
Auction Location
Webcast and in person at Fine & Company LLC, 747 Lake Cook Road, Suite 100W, Deerfield, IL 60015
Details
Certified Funds To Bid : $75,000
Buyer's Premium (Buyer's Fee) : 5% of the high bid
Contact Us
Fine & Company LLC
Michael A.Fine, CCIM, CAI, AARE
Illinois, United States
312-852-8523
michael@fineandcompany.com
Other Information
Broker Participation : Buyer's Agent participation is invited!
A 1% referral fee will be paid to th REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale.
Licensing : Renee Y. Jones Licensed Louisiana Auctioneer 1800, Louisiana Outdoor Properties, Inc. Licensed Louisiana Real Estate Broker Lic.#33609.A-CORP - Phone (318) 876-2622
Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet. You may dowload the Terms of Sale below.
Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.