CVS

Interested in selling your CVS NNN property or CVS lease property and was wondering what you can get for it in today’s changing market?

Contact us for a complimentary broker opinion of value for your off-market CVS NNN property for sale or CVS ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your CVS NNN property or the inclusion of a CVS ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market CVS properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Number of locations

As of January 2023, CVS, a leading retail pharmacy and healthcare company, operates over 9,900 stores across the United States. These locations serve diverse communities and provide various pharmaceuticals, healthcare products, and other essentials.Canada.

Revenue and income

In 2022, CVS reported total revenue of $278.5 billion. The company’s net income for the same period amounted to $6.2 billion.

Future plans

CVS is committed to expanding its reach and services in the healthcare and retail sectors. With a focus on customer-centric solutions, the company plans to open new locations and invest in technologies to enhance its customers’ overall shopping and healthcare experience.

Corporate vs. franchise

CVS operates primarily on a corporate model, with most of its stores being company-owned and managed. This approach allows for a centralized strategy and consistency in providing healthcare and retail services.

Additional information CVS Properties

In Lowell, Massachusetts, CVS was founded in 1963.
The company’s commitment to customer convenience led to the introduction the first-ever retail pharmacy with self-service and drive-thru prescription pick-up options.
CVS is a leading healthcare destination, offering diverse services, including pharmacy, retail, MinuteClinic healthcare clinics, and specialty pharmacy services.
The company’s dedication to health and wellness is evident through its emphasis on promoting accessible healthcare solutions for the communities it serves.
CVS operates independently and continues to innovate, aligning its services with evolving customer needs and industry trends.

CVS History

CVS traces its roots back to 1963, founded in Lowell, Massachusetts. The company’s inception came about with the vision of creating a new retail pharmacy experience. Initially known as “Consumer Value Store,” the name was later called CVS. Providing quality pharmaceuticals and healthcare products at affordable prices resonated with customers, leading to steady growth and expansion.

Why Invest in Ground Lease and NNN Lease of CVS?

Investing in CVS ‘s ground lease and triple net (NNN) lease properties offer compelling reasons:

1) CVS NNN Property Investment: Stable income

With a well-established brand and a strong presence in the healthcare industry, CVS provides reliable income streams. Ground and NNN leases ensure consistent cash flows over the long term.

2) CVS NNN Property Investment: Established tenant

CVS’s success and trusted reputation as a leading retail pharmacy reduce the risk of vacancy or lease default, making it a dependable tenant for the property.

3) CVS NNN Property Investment: Low management responsibility

Under NNN leases, CVS takes on property maintenance and expenses, relieving the landlord of management burdens.

4) CVS NNN Property Investment: Favorable lease terms

Long lease terms with built-in rent escalations offer predictable income and potential rental growth.

5) CVS NNN Property Investment: Real estate value

CVS strategically selects high-traffic locations for its stores, which can enhance property value and attract consistent foot traffic.

Pros and Cons of CVS Ground Lease and NNN Lease Investment

Pros:

1. Stable income from a well-established and trusted brand.
2. Strong tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords under NNN leases.
4. Long-term leases provide stability and potential income growth.

Cons:

1. Lease renewal risk when the term expires.
2. Dependency on CVS’s performance and market conditions.
3. The potential impact of economic downturns on consumer spending.
4. Limited control over property decisions.

Making informed real estate investment decisions that align with your goals and risk tolerance requires thorough due diligence, carefully evaluating location and tenant strength, and seeking guidance from experienced real estate professionals and financial advisors. Adhering to these crucial steps will ensure that your investments are well-planned and set up for success while mitigating potential risks.

CVS