329 Superior Ave
Bogalusa, LA 70427

Pharma Property Group is pleased to present the opportunity to purchase a CVS with approximately 13 years of lease term remaining on a net lease with landlord responsible for parking lot. CVS has ten (5 year) options to extend. Income is guaranteed by CVS Corporate (S&P BBB+, NASDAQ CVS). The lease allows for rent increases of 5% at each of the options and there is no rent holiday. This store was a relocation that combined two other locations showing CVS' commitment to retain presence in the market. The subject property is located within a one-mile radius of the two largest medical facilities in Bogalusa. These are the RestHaven senior living care facility with 164 registered beds and the Our Lady of Angels hospital, a full service, acute care facility with 98 beds and an emergency room. This drugstore is located directly across the street from a Walgreens making this a strategic location for both CVS and Walgreens. The property is an outparcel to a shopping center anchored by Walmart Supercenter with other national tenants such as Dollar Tree, Auto Zone, AT&T and Napa Auto Parts. The subject property is located in the heart of Bogalusa on the main retail corridor of the city along Highway 10 (East/West) and just a mile west of Highway 21 (North/South). The Bogalusa area benefits from the presence of various stable employers including General Dynamics, International Paper and Our Lady of Angels hospital.