Tenant Profiles

CVS Pharmacy

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02/29/2024 By B+E

CVS Pharmacy

cvs.com

119
Number on Market

$5.58M
Average Price

11.4
Average Remaining Term (Years)

6.12%
Average Cap Rate

CVS Pharmacy Tenant Overview

Founded in 1963, CVS Pharmacy Inc. is an American national chain of retail pharmacy stores headquartered in Woonsocket, Rhode Island. CVS operates and franchises 9,572 stores in all 50 U.S. states. The company is owned by CVS Health, a pharmacy innovation company helping people on their path to better health. CVS Health helps more than 100 million people by playing an active role in the commitment to health.

CVS Pharmacy is a staple in the net lease investment sales market due to its investment grade status and premiere visibility on cornered real estate. The goal of the company is to facilitate 65 billion health care interactions by the year 2030. CVS plans to operate three distinct formats going forward: stores dedicated to offering primary care services, enhanced HealthHUB locations with products and services designed for everyday health and wellness, and traditional CVS Pharmacy stores.

Tenant Data:

Company	CVS Pharmacy
Ownership	Public
Headquarters	Woonsocket, RI
Ticker	NYSE: CVS
Credit Rating	BBB (S&P)
Annual Revenue	± $321.6B (2022)
Locations (North America)	± 9,572
Website	www.cvs.com

Average CVS Info
Number on Market	119
Average Price	$5,578,569
Average Remaining Term	11.4 Years
Average Cap Rate	6.12%
Average NOI	$324,825
Average PPSF	$451
Average Building SF	15,391 SF
Average Lot Size	1.57 AC
AS OF 07/25/2023