Property History
Exclusively offered by Stirling Investment Advisors, the property presents an opportunity to purchase a CVS ground lease with zero landlord responsibilities. This is an Absolute NNN lease with 11+ years of fixed term remaining. Renewal options include Nine (9) - 5-year option periods increasing at a rate of 6% in each option.
The pharmacy is strategically located on a hard-corner within a well-established retail corridor. The CVS outparcel sits in front of Rouses Market, a dominant regional grocery store chain. The building includes a drive-thru and multiple points of ingress and egress.
CVS dominates the market and is the largest pharmacy care provider in the United States with offerings across the entire spectrum of pharmacy care. It operates in 49 states as well as Puerto Rico and the District of Columbia. It employs over 300K people and recently announced it was adding much needed labor to its workforce. This is an investment opportunity that will provide stabilized income for years to come.
Absolute NNN Leasehold - Manage with Ease
11+ Years Remaining on Absolute NNN Lease - Zero Landlord Responsibilities
Renewal Options totaling 45 years
Nine (9) - 5-Year Renewal Option Periods
Fixed 6% Rental Increase at Each Option
Iconic Asset and Pride Owning America’s #1 Retail Drugstore Chain
Superior Retail Location in Youngsville, LA
Strategically Positioned Outparcel Located on Hard-Corner
Located in Front of Rouses Market - A Dominant Regional Chain
Multiple Points of Ingress & Egress | Drive-Thru Pharmacy
Strong Demographics - Avg. HH Income: $86,414 within a 1-Mile Radius
Excellent 1031 Exchange Asset
Investment Grade Tenant / S&P: BBB/Stable Guaranty (CVS)
Investment Grade Credit - Reliable Income Streams
Stable Income - Fixed Rental Increases At Each Option
$55+ Billion in CVS Corporate Revenue - Net Income in Excess of $1.6+ Billion
Loan History
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