CVS Pharmacy

Stock Price
Tenant News
Average Cap Rate Trend
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Approximated & Based On Opinion*)
Average Sale Data & Lease Structure
Avg. Sale Price$5,250,000
Avg. Annual Rent$300,000
Avg. Price/ SF$400/SF
Typical Lease TypeTriple Net
Typical Lease Term25 Years
Typical Lease EscalationsNone
Credit Rating

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Tenant Description

CVS Pharmacy is currently the second largest retail pharmacy in the US, behind Walgreens. These are generally higher price point deals, but great assets due to prime locations. CVS Health Corporation is a publicly traded company on the New York Stock Exchange and has been in business for more than 50 years with the start of first store in Lowell, Massachusetts. CVS Pharmacies began offering COVID vaccinations in early 2021 and have become an essential retailer during the COVID 19 pandemic.

What To Look For When Buying A CVS

High Price Point, NN or NNN Lease, Flat rent over primary term, High rental rates would prove difficult to replace

What We Like About CVS

Investment grade tenant, Great Real Estate (often on hard corners), Large Parcels (1.0+ Acres), Best Credit Rating in Pharmacy Sector


Walgreens , Rite Aid

What Is Sold In A CVS

CVS sells prescription drugs and a wide assortment of general merchandise (beauty products and cosmetics, over the counter drugs, groceries, film and photo finishing services, seasonal merchandise, greeting cards, etc.) through their physical CVS Pharmacy and online through  It also provides healthcare services at some of their CVS locations.

CVS Website

Corporate Office Location

One CVS Drive – Woonsocket, Rhode Island 02895

Fast Facts

Its parent company (CVS Health Corporation) ranked #7 on Fortune 500 for largest U.S corporations by revenue

As of 2019 CVS Pharmacy operates more than 9,750 retail pharmacies

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