January 2023

Recently Sold – CVS Portfolio

Exterior view of a CVS pharmacy store from a recent sale five-property CVS retail portfolio at twilight, featuring illuminated signage and clear glass doors, with a parking lot in the foreground.

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.