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May 2025

Recently Sold – 2 Property CVS Portfolio

A CVS Pharmacy storefront with red signage on a brick building, cars parked outside, and a blue sky with clouds in the background—part of a recently sold 2-property CVS portfolio.

Thomas Company is pleased to announce the successful closing of two zero-cash-flow CVS properties in Great Falls, Montana, and Newman, Georgia. These properties were originated as zero-cash-flow investments with a paydown/re-advance feature, allowing an investor to meet a 1031 exchange requirement with limited equity.

Key Highlights

  • Totaling approximately 26,000 square feet, the combined sales price for the portfolio was approximately $8 million. Both properties are fee simple and structured with bondable absolute triple-net leases with no landlord responsibilities.
  • With strong corporate credit (S&P: BBB), CVS Health Corporation stands as one of the largest pharmacy health providers in the United States. The company’s scale, diversified business lines, and well-established customer base provide a solid foundation for long-term lease stability.

For more information on similar investment opportunities, please contact Jeffrey Thomas at Thomas Company.

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