Shreveport, LA




Absolute NNN Lease

12 year Ext. in 2018


BBB/Stable - S&P

Investment Grade Guaranty


Long Operating History

23+ years


Dense Retail Area

National Brands


Strong Demographics

3-Mi Avg. HHI: $73K+ 5-Mi Pop.: 145K+

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  • Absolute NNN Lease with Investment Grade Guaranty
    CVS is operating under an absolute NNN lease with zero landlord responsibilities, allowing potential investors to acquire a completely passive income investment asset. The lease is guaranteed by CVS Health Corporation (NYSE: CVS). The company currently holds an investment grade credit rating of BBB/Stable from Standard and Poor’s and reported FY2023 revenues in excess of $358 billion, an 11% increase over 2022, and an adjusted operating income of $17.5 billion.
  • Near Barksdale Air Force Base Facility
    The Property is located less than 4 miles from the Barksdale Air Force Base facility - one of the largest and most important military installations in the country. Barksdale AFB houses the Air Force Global Strike Command and serves as the headquarters for the 8th Air Force. Barksdale plays a crucial role in the nation’s defense strategy, particularly in the realm of strategic bombing and nuclear deterrence. Barksdale AFB has approximately 15,000 service and civilian employees.
  • Low Rent & Attractive Price Point CVS Opportunity
    CVS is paying below market rent and the Property represents a unique and rare small price point acquisition opportunity, providing investors with strong real estate fundamentals given its strategic location within a strong regional retail trade area and drive-thru accessibility.
  • Large, Hard Corner Parcel at Signalized Intersection
    The Property is located at the signalized intersection of Youree Drive (18,500+ VPD) and E Kings Highway (18,400+ VPD). Youree Drive is a significant thoroughfare known for its commercial development and serves as a major artery connecting various parts of Shreveport. Additionally, the parcel benefits from being over one acre of land at a busy intersection with two points of access into the site, providing the real estate with long-term residual value.
  • Positioned within Dominant Regional Trade Area with Strong Demographics
    The Property is located within a dense retail trade area approximately 6 miles from downtown Shreveport, with
    145,000+ residents living within a 5-mile radius of the site. The Property is strategically located two miles west from the Shreve City Shopping Center. The mall is anchored by a Walmart Supercenter and filled with national brand tenants, such as Burlington, Goodwill, and Dollar Tree, driving consumer traffic into the surrounding trade area. Additionally, the site is surrounded by other prominent retailers, including Super 1 Foods, Starbucks, Chase Bank, Sonic, Taco Bell, and many more.
  • Long-Term Operating History & Established Store
    CVS has been operating at this site for approximately 24 years, since 2000, demonstrating a high-performing Long Operating History location and strong tenant commitment to the site.

Exclusively Listed By

BJ Feller

Senior Vice President & Managing Director      +1 773.727.4285

Isaiah Harf

Regional Managing Director   

Christian Tremblay

Vice President   

Mark Lovering

Associate Vice President   

Blaise Bennett

Associate Vice President      +1 636.236.7845

Jack Collins

Associate Vice President   

Josh Dicker

Senior Associate   

Robin Borgeson


Sam Ray


Russell Freeman


In Association With:

Jeff Matulis

LA Broker #BROK.0995697340-ASA


303 E Wacker Dr, Suite 1111
Chicago, Illinois 60601