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Drug Store

National Drugstore Portfolio | CVS | Baton Rouge, LA

5360 Highland Rd, Baton Rouge, LA 70808

Listing Price: Request For Offer

Tenant Name
CVS
Years Remaining On Lease
2.0
Guarantor
Corporate Guarantee
Rentable SF
13,813
Lease Type
Absolute Net
Rent Per Square Feet
$21.48

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. Baton Rouge is the capital city of Louisiana and the parish seat of East Baton Rouge Parish, located along the Mississippi River. According to the United States Census Bureau, the estimated population within 5 miles was 140,641 in 2021. Highway connectivity is provided by Interstates, 10, 110, 12, and several other regional highway routes. The city’s most famous landmark is the nationally recognized Louisiana State University (LSU), which is only about 1 mile from CVS Pharmacy. In addition to LSU, the city is home to Southern University, Baton Rouge Community College, and several trade schools, making education an important component of the region’s economy. The economy has been further buoyed by the completion of several industrial projects that totaled more than $16 billion and the ongoing development of four healthcare projects that cost about $500 million. The region also has a burgeoning high-tech sector, anchored by the Louisiana Technology Park. CVS Pharmacy is in proximity to the Mid-City and South Baton Rouge regions of the city, which offer suburban living and a variety of retail and entertainment activities near LSU. Direct access to Louisiana Highways 30, 42, and 47 and Interstate 10 are provided by Lee Road.

Investment Highlights

  • Provides 24-hour services
  • Superior access to site
  • About 1 mile away from Louisiana State University

Exclusively Listed By

Drug Store

National Drugstore Portfolio | CVS | Baton Rouge, LA

Listing Price: Request For Offer

Tenant Name
CVS
Years Remaining On Lease
2.0
Guarantor
Corporate Guarantee
Rentable SF
13,813
Lease Type
Absolute Net
Rent Per Square Feet
$21.48

Investment Highlights

  • Provides 24-hour services
  • Superior access to site
  • About 1 mile away from Louisiana State University

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. Baton Rouge is the capital city of Louisiana and the parish seat of East Baton Rouge Parish, located along the Mississippi River. According to the United States Census Bureau, the estimated population within 5 miles was 140,641 in 2021. Highway connectivity is provided by Interstates, 10, 110, 12, and several other regional highway routes. The city’s most famous landmark is the nationally recognized Louisiana State University (LSU), which is only about 1 mile from CVS Pharmacy. In addition to LSU, the city is home to Southern University, Baton Rouge Community College, and several trade schools, making education an important component of the region’s economy. The economy has been further buoyed by the completion of several industrial projects that totaled more than $16 billion and the ongoing development of four healthcare projects that cost about $500 million. The region also has a burgeoning high-tech sector, anchored by the Louisiana Technology Park. CVS Pharmacy is in proximity to the Mid-City and South Baton Rouge regions of the city, which offer suburban living and a variety of retail and entertainment activities near LSU. Direct access to Louisiana Highways 30, 42, and 47 and Interstate 10 are provided by Lee Road.

Exclusively Listed By

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