Absolute Auction of 11,200±SF CVS Pharmacy in Shreveport, LA

Absolute Auction of 11,200±SF CVS Pharmacy in Shreveport, LA

Selling Absolute – No Minimums, No Reserves

Excellent Investment Opportunity

2755 Hollywood Avenue, Shreveport, LA 71108

Live Offsite Auction with Webcast Bidding at Fine & Company LLC, 747 Lake Cook Road, Suite 100W, Deerfield, IL 60015

Wednesday, November 4 at 1:00 PM ET

Asset Location: 2755 Hollywood Avenue, Shreveport, LA 71108
Auction Date: Wednesday, November 4 at 1:00 PM ET
Inspection: The CVS is open for business. In order to inspect the building please call 312-953-9534
Sale Manager: Michael Fine, Fine & Company LLC, 312-278-0600 ext. 101

Absolute NNN Lease:  Corporate CVS Backed.  3+ years of primary term remaining with four 5-year renewal options - NO LANDLORD RESPONSIBILITIES

Property Description:  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 vehicles per day.   The site provides excellent frontage and signage.

Lease Summary:  Lease Term  -  20 years beginning 12/2/98 through 12/1/18; Base Rent - $303,851

5% Buyer’s Premium added to winning bid to determine sale price.

Bid Requirements:  $75,000 Cashier’s Check and a Bidder’s Information Packet are required to bid. The Packet includes: auction and property information, lease, title report, survey, real estate tax bill, local information, auction purchase and sale agreement, and terms of sale. 

Bidder's Information Packets are available in electronic form for $30.00 by calling us at 312-278-0600 ext. 101 or emailing us at info@fineandcompany.com

Broker Participation:  Buyer's Agent participation is invited! A 1% referral fee will be paid to the REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale.

Terms:  This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet.

For more information, call 312-278-0600 ext. 101,  email info@fineandcompany.com or click HERE to view all properties available now at Fine & Company, LLC

Auction Conducted By:

Michael Fine, Fine & Company, LLC, Licensed Illinois Broker

Renee Y. Jones Licensed Louisiana Auctioneer 1800, Louisiana Outdoor Properties, Inc. Licensed Louisiana Real Estate Broker Lic.#33609.A-CORP  - Phone 318-876-2622