Absolute NNN CVS Ground Lease

CVS Absolute NNN Leasehold: This property features an 11+ year remaining lease with zero landlord responsibilities. It offers nine, 5-year options to renew, with a fixed 6% rental increase at each option. Representing America's #1 retail drugstore chain, this iconic asset is strategically located in Youngsville, LA, on a hard corner, in front of the dominant regional chain, Rouses Market. With strong demographics, multiple points of ingress and egress, and a drive-thru pharmacy, it presents an ideal opportunity. Furthermore, as an excellent 1031 exchange asset, it provides investment-grade credit, reliable income streams, and stability, backed by CVS, a tenant with over $55 billion in corporate revenue and net income exceeding $1.6 billion.