Buying a CVS Location:

Public/Private: Public
Stock Symbol (if applicable): CVS
S & P Credit Rating: BBB+
# of locations: 7,000+ 

CVS Caremark Corp. is the largest provider of prescriptions in the United States with more than one billion prescriptions filled annually. CVS operates more than 7,000 pharmacy stores in 43 states. In 2008, CVS acquired Long’s Drugs (over 500 retail drug stores) as a part of their continued expansion. CVS was ranked 19th on the Fortune 500 for 2009.  
 

CVS leases are typically a 22 year initial term with additional 5 year options. Freestanding sites at major intersections with drive-thru capabilities are preferred. Free standing sites are typically 1.5 – 2 acres with a building size of 12,900 square feet.

CVS is one of the most popular drugstores in the world, it almost seems that no matter where you turn your head you are bound to see a CVS, many people don’t know the long story behind the company that leads it all the way to its growth. Started in 1963 by two brothers, this small town shop grew over the years to become a household name in the United States. In just their second year of being open this company opened a total of 17 stores. The number of stores they had to their names continued to rapidly grow year after year.

If you’ve ever been inside of a CVS you will know that their main goal is keeping their customers happy. The staff is always knowledgeable and goes through extensive training to make sure that they can help each and every customer in every way possible. From 1962 to now there has been more changes in the CVS Caremark company than you can count, of course its hard to keep track when you are buying multiple stores every year, and even over 1,000 Eckerd stores at one point in time. CVS appeals to most customers mainly because it has everything they need in such a small sure, its also very convenient. Customers can purchase their everyday goods while picking up their next prescription of medicine.

The CVS company has been growing constantly over the years and seems to be able to sustain its earnings in everyway possible, if you are considering a lease with a CVS company don’t hesitate to contact us for more information. We would be more than glad to help with any of your questions or concerns with the issue.  

Our Take:

CVS is a strong national company with a good track record. With the baby-boomer era approaching retirement, we see CVS and Walgreen’s as conservative real estate investments because of the simple fact that prescription drug demand will continue to grow.

 
 
   
   

 

Please allow us the opportunity help you locate and acquire your investment property today.

1-321-443-6001 (Jeff)
1-321-258-6827 (Wade)
1-888-206-6040 (Toll Free)

4499 W. Hwy 192 - Kissimmee, FL  34746

 

Let us help you invest!


The experts at ComDev, LLC will be able to fully explain the investment opportunities out there that fit your budget and investment needs.

Name:
Phone:  
Email:  
 
Comments or Special Requests:
1031 Request
 

 

  Dollar General Banner  
 
Advanced Auto Parts Banner
 
Walgeens Banner