Pharma Property Group is pleased to present the opportunity to purchase a CVS with ±16.5 years of lease term remaining on an absolute net lease with no landlord responsibilities whatsoever. CVS has ten (5 year) options to extend. Income is guaranteed by CVS Corporate (S&P BBB+, NASDAQ CVS). The property is an out-parcel of a 725,000 square foot office park on the mail retail corridor leading directly into Downtown Baton Rouge.
The subject property is located on the signalized southeast corner of Florida Boulevard & Lobdell Boulevard. The Baton Rouge area benefits from the presence of various large employers including Exxon Mobile, Louisiana State University, Baton Rouge Medical Center and the Port of Greater Baton Rouge.