Recently Sold – Navarro Pharmacy (CVS), Hialeah, FL
Thomas Company is pleased to announce the successful closing of a Navarro Discount Pharmacy located in Hialeah, Florida (Miami MSA). This leasehold interest property totals 16,947 square feet of retail space with over 17 years of term remaining. This property featured an absolute triple-net lease with no landlord responsibilities and over 52 years of ground control remaining. The list price for this property was approximately $6 million.
Key Highlights
- CVS Health Corporation (S&P: BBB, NYSE: CVS), together with its subsidiaries, is one of the largest pharmacy health providers in the United States, operating more than 9,900 retail drugstores in the United States, Puerto Rico, and Brazil.
- Hialeah is a city in Miami-Dade County, and the 6th largest city in Florida. It is the second largest city by population in the Miami metropolitan area, which was home to an estimated 7,000,000 people. Miami Metro is one of the top 10 largest metropolitan areas in the United States.
Recently Sold - Walgreens, Shallotte, NC
Thomas Company is pleased to announce the successful closing of a Walgreens pharmacy located in Shallotte, North Carolina. The building totaled 13,539 square feet of retail space on 1.85 acres with 74 parking spaces. The property was offered free and clear of debt and was structured with an absolute triple-net lease with no landlord responsibilities. The list price for this property was approximately $5 million.
Key Highlights
- With its extensive network of over 8,000 pharmacies and strong brand recognition, Walgreens commands a significant share of the pharmacy market, making it an attractive investment opportunity for investors seeking exposure to a leading player in the healthcare industry.
- This property offers a stable revenue stream due to consistent demand for prescription medications and healthcare products, providing investors with a reliable source of income with absolutely no landlord responsibilities.
Recently Sold – Walgreens, Woodinville, WA
Thomas Company is pleased to announce the successful closing of a Walgreens pharmacy ideally located in Woodinville, Washington (Seattle MSA). The building totaled 14,820 square feet of retail space on 2.15 acres with 49 parking spaces. The property was offered free and clear of debt and was structured with an absolute triple-net lease with no landlord responsibilities. The list price for this property was approximately $7 million.
Key Highlights
- With its extensive network of over 8,000 pharmacies and strong brand recognition, Walgreens commands a significant share of the pharmacy market, making it an attractive investment opportunity for investors seeking exposure to a leading player in the healthcare industry.
- This property offers a stable revenue stream due to consistent demand for prescription medications and healthcare products, providing investors with a reliable source of income with absolutely no landlord responsibilities.
Recently Sold - CVS, Plano, TX
Thomas Company is pleased to announce the recent sale of a CVS in Plano, Texas. The asset totals over 11,000 square feet with over 22 years remaining on the term. The list price was approximately $9.5 million.
Key Highlights
- CVS Health Corporation (S&P: BBB, NYSE: CVS), together with its subsidiaries, is one of the largest pharmacy health providers in the United States, operating more than 9,900 retail drugstores in the United States, Puerto Rico, and Brazil.
- Plano, Texas is a thriving city located in the Dallas-Fort Worth metropolitan area. With a population of over 290,000 people, it is one of the largest suburbs of Dallas and is known for its strong economy, excellent schools, and family-friendly community.
Recently Sold - CVS, Castle Rock, CO
Thomas Company is pleased to announce the recent sale of a CVS in Castle Rock, Colorado. The asset totals over 13,000 square feet with over 22 years remaining on the term. The list price was approximately $6.7 million.
Key Highlights
- Castle Rock, CO is a growing town just outside of Denver. With a population of over 75,000 people and an average household income of over $118,000 Castle Rock offers excellent growth potential for investors.
- The property is subject to an absolute NNN lease where the tenant has responsibility for all repair and maintenance of the Property, and the Landlord has no responsibility.
Recently Sold - CVS, Frisco, TX
Thomas Company is pleased to announce the recent sale of a CVS in Frisco, Texas. The asset totals over 15,000 square feet with over 22 years remaining on the term. The list price was approximately $7.9 million.
Key Highlights
- CVS Health Corporation (S&P: BBB, NYSE: CVS), together with its subsidiaries, is one of the largest pharmacy health providers in the United States, operating more than 9,900 retail drugstores in the United States, Puerto Rico, and Brazil.
- The property is subject to an absolute NNN lease where the tenant has responsibility for all repair and maintenance of the Property, and the Landlord has no responsibility.
Recently Sold - CVS, Fort Worth, TX
Thomas Company is pleased to announce the recent sale of a CVS in Fort Worth, Texas. The asset totals over 9,000 square feet with over 22 years remaining on the term. The list price was approximately $6.6 million.
Key Highlights
• This property is situated in a high growth location within one of the top metropolitan areas in the United States (Dallas-Fort Worth Metroplex). In addition, the property benefits from excellent demographics with strong established household income and large populations.
• The property is subject to an absolute NNN lease where the tenant has responsibility for all repair and maintenance of the Property, and the Landlord has no responsibility.
Recently Sold - CVS Portfolio
Thomas Company is pleased to announce the recent sale of a five-property CVS retail portfolio with locations in Texas, Virginia, California, Alabama, and New Jersey. The portfolio totaled approximately 61,506 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 20 years. The portfolio was offered free and clear of debt and are structured with absolute triple-net leases with no landlord responsibilities.
Recently Sold - CVS, Lakeland, FL
Thomas Company is pleased to announce the recent sale of a CVS in Lakeland, Florida. The asset totals 11,945 square feet with 12 years remaining on the term. The list price was approximately $6 million.
Key Highlights
- CVS Health Corporation (S&P: BBB, NYSE: CVS), together with its subsidiaries, is one of the largest pharmacy health providers in the United States, operating more than 9,900 retail drugstores in the United States, Puerto Rico, and Brazil.
- The property is subject to an absolute NNN lease where the tenant has responsibility for all repair and maintenance of the Property, and the Landlord has no responsibility.
Thomas Company Net Lease Relocates to Sun Valley Idaho
After nearly a decade in Seattle, Thomas Company is pleased to announce its relocation to Sun Valley, Idaho. The company has also expanded its team with new employees in Boise joining other remote colleagues both nationally and internationally.
After a record year in 2020 while working entirely remote, Thomas Company has successfully transitioned to a hybrid work environment while continuing to achieve results for its clients and driving corporate growth. The firm has attracted and retained top talent in the commercial real estate industry while offering employees lifestyle flexibility. The rich talent pool in and around Sun Valley will continue to support the company’s expansion in the coming years.
The new Sun Valley office is led by founder Jeffrey Thomas and director Ben Smith. “The net lease sector continues to thrive, with Thomas Company posting record breaking sales in 2020 and after closing nearly $300 million in the first part of the year, we are on track for an even bigger 2022.” Thomas noted. “Ben and I look forward to building on this foundation of success here in Sun Valley, with our entire team continuing to help clients identify and close on exceptional investment opportunities nationally.”
Thomas Company was founded in Newport Beach, California and moved to Seattle, Washington in 2013. The firm has a national reach and specializes in the disposition of triple net leased investments. Since 1997, Jeffrey Thomas and team have sold over $6.9 billion in assets, totaling more than 838 properties. With its continued growth, the firm is actively seeking individuals located in Sun Valley, Boise and nationally to join the team.