CVS Pharmacy Portfolio | Available Individually


New to the market, Thomas Company is pleased to offer for sale a portfolio of 22 CVS stores, in 10 states, totaling +/- 255,786 square feet of retail space. Each of the properties has a brand new 25-year lease which commenced in October 2019. The properties are offered as highly leveraged zero cash flow investments, with attractive, assumable loans on each property that fully-amortize prior to the expiration of each lease. The properties are available individually, in pools, or as a portfolio.


Contact:, 800.775.3350



Zero-cash-flow investments are properties with debt service matching the property’s net income. With all of the cash flow attributed to the debt service, the owner receives no income until the loan matures. In lieu of cash flow, the investment provides annual passive losses which investors may use to offset income from other passive investments. Many times the loans are fully-amortizing and have terms matching the length of the lease, generally 20 to 30 years. When the mortgage matures, the property is then owned free-and-clear of any debt. Properties structured as self liquidating investments are typically net leased to a single tenant on a long term basis. The leases are generally structured as triple net or bondable, leaving the landlord with essentially no management or maintenance responsibilities. In most cases, the tenants hold investment grade ratings, minimizing the risk of default.


> Long-Term Lease
> Low Equity Required
> Significant Tax Benefits
> Investment Grade Tenant

> Fully Amortizing Loan
> Equity Cashed Out Tax Free
> No Landlord Responsibilities
> Easily Fulfills Exchange Criteria