LOUISIANA BROKER OF RECORD: STEVEN R. REISIG, CCIM - Partner (SRSA) - LA License No. 14916-A Faris Lee Investments is pleased to offer a STNL freestanding, corporate-guaranteed CVS Pharmacy on an absolute triple net ground lease (land ownership) in Metairie, LA - a populous and affluent suburb just 6 miles northwest of downtown New Orleans. CVS is an investment grade credit tenant with an S&P Credit Rating of BBB. The lease has over 12 years remaining and includes 10% increases every 5 years, offering an investor a growing income stream and a hedge against inflation. CVS has been operating at this location since 2010 (14 years), proving the company’s continued commitment to the site. This completely passive investment also boasts a drive-thru, further providing intrinsic real estate value and consumer convenience. CVS Pharmacy, established in 1963, has grown into one of the most trusted pharmacy brands in the U.S., operating over 9,100 locations nationwide. In 2023, CVS recorded total company revenue exceeding $358 billion, supported by a market capitalization of $75 billion (September 2024). CVS continues to maintain an investment grade credit rating of BBB (S&P rating) and operates with over 300,000 employees. The subject property sits at the signalized hard corner intersection of Clearview Pkwy and W Napoleon Ave, which boasts a traffic count of 22,000 VPD. The subject CVS location is ranked in the 92nd percentile (8th out of 111 stores in Louisiana per Placer.ai), reflecting strong market demand and consistent performance in the area. Metairie is the 4th most populous community in Louisiana with over 143,000 residents, and the area is supported by an affluent population with an average household income of $102,015 within a 5-mile radius. The property is also located within close proximity to the corporate headquarters and training facilities of both the New Orleans Saints and New Orleans Pelicans. The property’s prime location and strong tenant fundamentals make it an exceptional investment opportunity.