Thomas Company is pleased to announce the recent sale of a four-property CVS retail portfolio – two locations in Maryland and two in Texas. The portfolio totaled approximately 52,423 square feet.
These are all new CVS locations, each having opened in 2019 or 2020, and the portfolio offers a weighted average remaining lease term of over 23 years. The portfolio was offered free and clear of debt and are structured with absolute triple-net bondable leases with no landlord responsibilities.