Thomas Company is pleased to announce the completed individual sales of a 61-property CVS portfolio. All properties within the portfolio were offered unlevered and free and clear of debt. Each store has a 25-year, absolute triple-net (NNN) lease in place with no landlord responsibilities and no rent holidays.
All stores are recently constructed or have been recently renovated and are located throughout the U.S in 28 states. Combined, the properties total more than 807,000 square feet of retail space.
CVS Health Corporation (S&P: BBB, NYSE: CVS), together with its subsidiaries, is one of the largest pharmacy health care providers in the United States with integrated offerings across the entire spectrum of pharmacy care. As of June 2017, CVS operated 9,700 retail stores in 49 states, the District of Columbia, Puerto Rico, and Brazil under the CVS pharmacy name. CVS Health continues to show strong growth and earnings.