September 2022

LA Recently Sold – CVS, Moss Bluff, LA

A recently sold CVS pharmacy building with a drive-thru pharmacy section, adjacent to a Rouses Market, under a cloudy sky in a parking lot with several cars in Moss Bluff, LA.

Thomas Company is pleased to announce the recent sale of a CVS Pharmacy located in Moss Bluff, Louisiana. The asset was structured with long-term fixed-rate CTL financing. The transaction underscores the market’s ongoing demand for zero-cash-flow product. The buyer was attracted to the flexible nature of the investment structure and the easily assumable financing.

Key Highlights

  • ZERO-CASH-FLOW STRUCTURE: Long-term, easily assumable, fixed-rate CTL financing.
  • MANAGEMENT-FREE OWNERSHIP: The Tenant has executed a 25-year bondable net lease (NNNN) with no Landlord responsibilities whatsoever. The Tenant is responsible for all management and maintenance of the asset.
  • PASSIVE LOSSES: The property provides the owner with significant passive losses (depreciation and interest expense) to help offset unsheltered cash flow from other real estate investments.