CVS – New Orleans, LA | Absolute NNN Lease | Investment Grade Credit
3621 General De Gaulle Dr. New Orleans, LA
Price: $5,330,000
Status: Available
Cap Rate: 8.5%
Year Built: 2008
NOI: $452,988
Lot Size: 2.25 acres
Price Per Foot: $410
Lease Type: Absolute Triple-Net
Remaining Term: 9.7 Years
GLA: 13,013 sqft
Property Intro
We are pleased to present an exceptional investment opportunity with a well-established, fully leased property in the heart of New Orleans, Louisiana. This offering includes a prime real estate asset with 9.7 years remaining on the lease and a tenant backed by investment-grade credit, ensuring long-term stability and cash flow.
The property is strategically located in a high-traffic area of New Orleans, benefiting from strong local demand and proximity to key commercial and residential areas, ensuring continued success for the tenant. This location is ideal for businesses looking for long-term stability, offering the security of an absolute NNN lease, which places all responsibility for property expenses on the tenant, making this a truly hands-off investment for the owner.
With nearly 10 years of lease term remaining, this property provides a secure, reliable income stream backed by a high-quality tenant in a robust and growing market. It represents a unique opportunity for investors seeking a stable, low-risk addition to their portfolio in one of the most dynamic cities in the U.S.
For more details on this investment, please contact us directly.