CVS
Overview
As the largest pharmacy store chain, with over 9,900+ retail location and 1,100 MinuteClinic locations in 49 states, CVS is the leader in the pharmacy store industry. Since the merger with Aetna in 2018, the health care giant has seen a 24% increase in sales/revenue from $194 billion to $256 billion. In 2020, CVS continued its growth in virtual MinuteClinic visits and home prescription deliveries, bolstered by the COVID -19 pandemic.
Lowest Cap Rate
3.45%
Average Cap Rate
5.86%
Property & Lease
Average Sale Price
$2,500,000 – $7,000,000
Average NOI
$150,000 – $350,000
Building SF
13,000
Lease Term
20 Years
Escalations
Flat Initial Term
Stock Symbol
NYSE:CVS
Credit Rating
S&P
BBB
Moody’s
Baa2