CVS

INVESTMENT HIGHLIGHTS

• SHREVEPORT, LA – Shreveport is the 3rd largest city in the US State of Louisiana on the Louisiana-Texas- Arkansas border that has developed into a convergent economic and cultural hub for the region. The Shreveport-Bossier City MSA population exceeds 393,000 residents and comprises the highest concentration of colleges and universities in the Ark-LA-Tex region.
• ADJACENT TO TOP PERFORMING SHOPPING CENTER – This CVS is adjacent to Camp Forbing Town Center, which is anchored by the largest Kroger Marketplace in the region. The 123,000 SF Kroger marketplace exceeds 38,000+ weekly visits, ranks in the top 10% of sales volume for all Kroger stores in Texas & Louisiana per Placer.AI, and won the 2018 Shreveport Green Mission Award for enhanced property & outstanding maintenance.
• ADJACENT NEW DEVELOPMENT – Across the street in the Camp Forbing Town Center, the YMCA Northwest LA has just completed in October a new $12 million dollar, 20-acre development encompassing a 44,000 SF complex, athletic fields, a full-service gym, large swimming pools, and more. Dubbed the Camp Forbing YMCA, the project is anticipated to bring thousands of new visitors to Shreveport and have a $4 million economic impact in its first year.
• STRONG PLACER .AI RANKING – This location ranks in the 84% percentile for the number of visits in the state of Louisiana further increasing the potential for sales and profitability.
• LACK OF COMPETITION – This CVS takes the crown as the closest national pharmacy to both I-49 and LA Hwy 3132 in south Shreveport which see combined daily traffic of 110,000+ vehicles per day and is the only national pharmacy retailer within a 3-mile radius.
• AFFLUENT COMMUNITY – This property serves an affluent community in Shreveport, LA. The average household income within the 1-mile radius exceeds $131,000.
• INVESTMENT GRADE CREDIT TENANT – The lease is guaranteed by CVS Health Corporation, the top Fortune 500 pharmaceutical and health service company ranking #6, and boasting an S&P credit rating of BBB with a ± $93 billion market cap. In economic downturns, investment-grade credit tenants outperform their less credit-worthy peers as investors prioritize valuing safety and liquidity.