Marcus & Millichap’s The Ficke Group is pleased to present this CVS Portfolio of four assets. Originally the CVS Pharmacies operated as Medicine Chest Pharmacies, a Texas retail pharmacy chain. CVS purchased 19 locations in 2012 and rebranded the stores but maintained the small store layout. CVS was able to successful enter smaller Texas markets without the high expense of building larger stores and paying higher rents. Currently, CVS has over one year remaining on the NN leases which feature options periods and rental increases. This is a great opportunity to purchase corporately guaranteed CVS leased properties that are located in growing Texas markets.
CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,800 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 94 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty
pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the Company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs.
- All Stores Were Originally Medicine Chest Pharmacies, a Texas Pharmacy Chain Who Sold 19 Stores to CVS in December Of 2012. CVS Now Operates Out of the Acquired Stores and Corporately Guarantees the Leases
- Each Store is Less Than 4,000 SF, Has Below Market Rents, and are Located in Texas
- CVS Has Already Exercised Their First Option Periods On All Four Locations Showing Commitment and Desirability to Continued Operations