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Welcome to BuyNNNProperties.com CVS for sale page. Here you will find up to date inventory of CVS Pharmacy.

Below are 77 CVS properties out of the many net lease properties we have available on BuyNNNProperties.com. To search other type of tenants like Walgreens Properties or Rite Aid Properties use our advanced search tab up top or contact a net lease investment specialist here.

Orlando, FL
​Absolute NNN | Zero Landlord Responsibility. ​Hard Signalized Corner with Great Visibility | Visible to More than 59,000 Vehicles/Day. ​Minutes from Several Regional Medical Centers and Hospitals. Strong Demographics. | 277,000+ Full Time Residents in Trade Area. ​Large 1.86 Acre Parcel. ​Drive Thru Pharmacy. ​Florida is a No Income Tax Free State.
Price: $6,889,915
Status: Available
CAP: 5.90%
Years Left: 3
Lease Type:
South Gate, CA

​CVS has committed to a 20-year lease extension at the location. Nearly 960,000 residents within 5-mile radius. Interstate 105 sits just 1.4 miles south (133,000 VPD) while Interstate 710 (230,000 VPD) is 2 miles east of the asset.

Price: $6,835,500
Status: Available
CAP: 4.50%
Years Left: 20.1
Lease Type:
cvs for sale
Blakely, GA

Corporate Backed Long Term Lease – CVS signed a new 20-year lease underscoring their long term commitment to the site. Absolute Net Lease Structure – Zero landlord responsibilities for operating or capital expenses.

Price: $2,747,659
Status: Available
CAP: 5.00%
Years Left: 19.7
Lease Type:
Rocky Hill, CT

Lease with No Landlord Responsibilities. Attractive Rent Increase – Increasing 10% Every 5 Years with Recent Increase This Year. ​On Strong Signalized Intersection With Close Proximity to the Connecticut River.

Price: $2,036,323
Status: Available
CAP: 7.75%
Years Left: 9.3
Lease Type:
New Construction CVS Real Estate
Bassett, VA

The nearest CVS pharmacy is more than 3.5 miles southeast of the property, while there is a Walgreens 2.9 miles east. Lease with five percent increases in the eight, five-year option periods. The Property has three points of access and features a double drive-thru.

Price: $2,977,000
Status: Available
CAP: 5.00%
Years Left: 20
Lease Type:
cvs for sale
Wayne, MI

Close Proximity to Numerous Traffic and Economic Drivers Such as Retail, Industrial, Distribution, and Warehouse Facilities. Situated Densely Populated Area with Over 79,000 Residents in a 3-Mile Radius along with Above Average Household Incomes.

 

Price: $3,605,627
Status: Available
CAP: 7.25%
Years Left: 2
Lease Type:
cvs for sale
Newland, NC

​4.00% Rental Increases (Every 5-Years). 20-Year Ground Lease (4.10 Years Remaining). ​Average Household Income – $70,684 (3-Mile). ​Ski Slopes Bring Significant Tourism to the Area. ​Only National Pharmacy Within 8.50 Miles.

Price: $1,150,000
Status: Available
CAP: 5.09%
Years Left: 4.1
Lease Type:
Brook Park, OH

NYSE: CVS; S&P: BBB+; Moody’s Baa1. Located on a hard corner at the signalized intersection of Snow Road and Michael Drive. Directly across from Arby’s and Certified Demographics. Built-in Customer Base. Dynamic Demographics.

Price: $3,048,000
Status: Available
CAP: 5.25%
Years Left: 16.5
Lease Type:
Lansing, MI

Minutes from Michigan State University | Over 50,000 Students. Excellent Demographics | Over 138,000 People In 5 Miles. High Traffic Counts | Over 34,000 Vehicles Per Day. Minutes From 830,052 SF Regional Lansing Mall. Ideal Bite-Sized Offering | Minutes from Downtown Lansing.

Price: $709,000
Status: Available
CAP: 6.50%
Years Left: 5
Lease Type:
Midlothian, VA

10,128-Square Foot Property with a Drive-Thru on a 1.23-Acre Lot with
39 Parking Spaces. Outparcel Within the Village Marketplace Shopping Center that is Tenanted with a Mix of Local and National Retailers. Located Along Midlothian Turnpike. CVS Has Occupied this Location Since 1999.

Price: $5,175,000
Status: Available
CAP: 4.85%
Years Left: 22
Lease Type:
Elgin, TX

Located at the Signalized, Three-Way Intersection of US Highway 290 and Texas State Road 95 that in 2016 had a Traffic count of 28,800 Vehicles Per Day. Corporately Guaranteed by CVS Health Corporation, a Publicly Traded Company with a Credit Rating of BBB+ (S&P). Surrounded by Major National and Regional Tenants.

Price: $5,175,000
Status: Available
CAP: 5.10%
Years Left: 22
Lease Type:
El Paso, TX

Located at the Signalized Intersection of McRae Boulevard and Wedgewood Drive and Just Off Highway 10 with a Daily Traffic Count of 194,700. Corporately Guaranteed by CVS Health Corporation, a Publicly Traded Company with a Credit Rating of BBB+ (S&P). No Personal Income Tax in Texas. Surrounded by Major National Retailers.

Price: $8,021,000
Status: Available
CAP: 5.10%
Years Left: 22
Lease Type:
Farmington, CT

New 2013 Construction- Relocation Store for high volume store. Upgrade building construction. CVS Caremark Corp. Guarantee | Investment Grade Tenant. 10% Increase in first option. Approximately 10 Miles from downtown Hartford. Average household income is over $102,000 within a one mile radius.

Price: $9,675,000
Status: Available
CAP: 5.20%
Years Left: Request
Lease Type:
Cleveland Heights, OH

Investment grade rated tenant (S&P: BBB+). Zero Landlord Responsibilities. Ten 5-year renewal option periods. Drive-Thru Pharmacy. Positioned at the corner of a heavily trafficked signalized intersection along two primary thoroughfares.

Price: $3,063,000
Status: Available
CAP: 6.75%
Years Left: Request
Lease Type:
Hampton, VA

Corporate guaranteed by CVS Health Corp. (S&P: BBB+). 24-hour store location with a drive-thru. Situated at the heavily trafficked, signalized, hard corner intersection of W. Mercury Boulevard and N. Armistead Avenue. Excellent visibility and access with multiple points of ingress/egress on both adjacent streets. Located within the city’s largest commercial corridor: Coliseum Central.

Price: $8,661,000
Status: Available
CAP: 5.00%
Years Left: 23
Lease Type:
Goshen, IN

No LL Responsibilities. 10,000-Square Foot CVS | Adjacent to Chase Bank. Strong Corporate Guarantee. S&P BBB+ Rated. Rent Increases in Option Periods. Strong Demographics. Traffic Counts of Over 10,000 VPD.

Price: $5,000,000
Status: Available
CAP: 5%
Years Left: 20+
Lease Type:

About CVS Pharmacy 

cvs for saleCVS Health Corporation (formerly CVS Caremark Corp.) together with its subsidiaries is one of the largest pharmacy health care providers in the United States; with integrated offerings across the entire spectrum of pharmacy care. CVS is unique among the big three retail drugstore chains (Walgreen’s, Rite Aid, CVS), in that it operates its own pharmacy benefit management (“PBM”), and is thus, an integrated pharmacy health care provider. CVS’s offerings include pharmacy benefit management services; mail order, retail and specialty pharmacy; disease management programs; and retail clinics. CVS operates drugstores throughout the U.S., the District of Columbia, and Puerto Rico. As of December 31, 2014, CVS operated 7,599 retail locations. Its stores sell prescription drugs, as well as other products such as nonprescription medications, health and beauty aids, and cosmetics. The company also operates the nation’s largest medical care clinic, with 900 MinuteClinic® health care clinics throughout the country. MinuteClinics are staffed by nurse practitioners and physician assistants, who utilize nationally recognized protocols to diagnose and treat minor health conditions, perform health screenings, monitor chronic conditions, and deliver vaccinations. CVS expects to grow MinuteClinic® 1,500 locations in more than 35 states by 2017.

Existing retail stores range in size from approximately 5,000 to 25,000 square feet, although most new stores range in size from approximately 8,000 to 13,000 square feet and typically include a drive-thru pharmacy. During 2014, CVS filled approximately 734 million retail prescriptions, or approximately 21% of the U.S. retail pharmacy market. As of December 31, 2014, CVS operated 900 retail health care clinics in 31 states and the District of Columbia under the MinuteClinic® name, the vast majority of which are located within CVS/pharmacy stores. There were 24 million patient visits, nationally.

The quarterly dividend increased by 38 percent in 2013 and the company recently announced another 22 percent increase for 2014, which marks the 11th consecutive year of increases. CVS Health is strongly positioned to take full advantage of the upcoming ‘Generic Wave’ due to its integrated systems with Caremark for pharmacy benefit management (“PBM”) for 2015 and beyond. More information about CVS Pharmacy corporate can be at its corporate website

While baby boomer and senior citizen markets are growing in numbers, CVS Pharmacy continues to experience growth in retail pharmacy operations. They are able to consistently offer real estate opportunities for net lease investors, with statistical sales reaching $840 per sq. ft. per year. When compared with market sector averages around $680 for competitors, they are considered to be lower risk, with marketable value, and backed by a solid company guarantee.

New Construction CVS Real EstateIn fact, CVS Real Estate currently achieves a higher credit rating than its competitor Walgreens Real Estate, which was not always the case historically. Factoring in that there are certain CVS Real Estate locations with more robust sales figures that can demand more rent increases, CVS retail pharmacies tend to be attractive in terms of net lease agreements. Typically these are structured with flat rent fees, since the real estate itself can affect returns. Each lot will generally be situated on one to two acres of land.

The variations in CVS leasing over the past ten years have seen both NN and NNN leasing structures. In earlier years, lease agreements were normally based on NN fee simple. Such leases may now see rent escalations every five years. NN leasing also makes the landlords accountable for structure and maintenance costs, which sometimes extends to include property maintenance and upkeep.

In more recent years, NNN leasing is being used and for initial terms, standard flat rental rates are offered. There are sometimes exceptions made with certain high traffic locations.

Pros

  • Easy access, highly visible locations
  • Tenants are investor-grade
  • CTL finance qualified company leasing
  • Standard property size of one acre or more

Cons

  • Initial term is typically flat rent
  • NN leasing is common
  • Re-purposing may see a decline in rent pricing

Tenant Description

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.

About GCT Net Lease

GCT Net Lease is the premier buyers broker working with investors seeking CVS for Sale and Portfolios. Our team analyzes hundreds of CVS for Sale, both on market and off market daily and present them to our investors on a first come, first serve basis. For investors seeking CVS for Sale for a 1031 Exchange we serve an essential service. Majority of our CVS for Sale are not posted on our website because of the amount of volume of properties we receive from our network of owners, developers and brokers. Contact us today with your specific buyer criteria.