Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
|Average Sale Price||$2,500,000 - $7,000,000|
|Average NOI||$150,000 - $350,000|
|Lease Term||20 Years|
|Escalations||Flat Initial Term|
Originally founded in Lowell, MA, CVS has been in the public eye for over fifty years. CVS Health Corporation is the official NYSE traded company, which encompasses many of the familiar CVS names.
The most well-known of them being the CVS Pharmacy retail name, counting roughly 9600 locations in the United States. From CVS Caremark, a benefit management provider pushing seventy five million member plans, to CVS MinuteClinic, with over 1100 bricks and mortar health clinics, they seem to be continuously expanding their pharmacy operations. Not to mention CVS Specialty, which services over 1 million senior-aged patients annually. Trailing only to Walgreen’s, the CVS retail pharmacy remains the 2nd biggest chain of its kind.
|Headquarters||Woonsocket, Rhode Island|
|Number of Locations||9,967|
|Key Principal||Karen S. Lynch|