Drug Store

CVS-Part of Portfolio

1130 Lincoln Way E, Massillon, OH 44646

Listing Price: $4,566,025

Cap Rate
7.21%
Tenant Name
CVS
Years Remaining On Lease
16.40
Guarantor
Corporate Guarantee
Rentable SF
13,225
Lease Type
Absolute Net
Rent Per Square Feet
$24.91

Investment Overview

CVS Health Corporation provides health services and plans in the United States. Its Pharmacy Services segment offers pharmacy benefit management solutions, such as plan design and administration, formulary management, retail pharmacy network management, mail order pharmacy, specialty pharmacy and infusion, Medicare Part D, clinical, disease management, and medical spend management services. The company’s Retail/LTC segment sells prescription drugs and general merchandise, such as over-the-counter drugs, beauty products, cosmetics, and personal care products, as well as provides health care services through its MinuteClinic walk-in medical clinics. Its Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, medical management, Medicare plans, PDPs, Medicaid health care management services, workers’ compensation administrative services, and health information technology products and services. The company’s customers include employers, insurance companies, unions, government employee groups, health plans, Medicare Part D prescription drug plans, Medicaid managed care plans, plans offered on public health insurance exchanges and private health insurance exchanges, other sponsors of health benefit plans, individuals, college students, workers, labor groups, and expatriates. Websites, LTC pharmacies, and onsite pharmacies. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. In 2018, CVS Health acquired Aetna, one of the nation’s leading diversified healthcare benefits companies, marking the start of transforming the consumer health experience.

Investment Highlights

  • Rare Opportunity to Acquire a Portfolio of 10 Well-Located CVS Stores in Eight States
  • Assumable Loans on Each Property that Fully Amortize Prior to the Expiration of Each Lease
  • Properties Provide an Investor with Significant Passive Losses to Help Offset Unsheltered Cash Flow from Other Real Estate Investments
  • Each Property is Leased on a Bondable Triple-Net Basis
  • CVS Responsible for All Repair and Maintenance
  • Assets May be Sold Individually or as a Portfolio
  • Debt Paydown/Readvance Feature
  • Strong Corporate Credit; Ranks Eighth in the Fortune 500 List and Projected to Rank Fourth with the Recent Acquisition of Aetna

Exclusively Listed By

Listing Price: $4,566,025

Cap Rate
7.21%
Tenant Name
CVS
Years Remaining On Lease
16.40
Guarantor
Corporate Guarantee
Rentable SF
13,225
Lease Type
Absolute Net
Rent Per Square Feet
$24.91

Investment Highlights

  • Rare Opportunity to Acquire a Portfolio of 10 Well-Located CVS Stores in Eight States
  • Assumable Loans on Each Property that Fully Amortize Prior to the Expiration of Each Lease
  • Properties Provide an Investor with Significant Passive Losses to Help Offset Unsheltered Cash Flow from Other Real Estate Investments
  • Each Property is Leased on a Bondable Triple-Net Basis
  • CVS Responsible for All Repair and Maintenance
  • Assets May be Sold Individually or as a Portfolio
  • Debt Paydown/Readvance Feature
  • Strong Corporate Credit; Ranks Eighth in the Fortune 500 List and Projected to Rank Fourth with the Recent Acquisition of Aetna

Investment Overview

CVS Health Corporation provides health services and plans in the United States. Its Pharmacy Services segment offers pharmacy benefit management solutions, such as plan design and administration, formulary management, retail pharmacy network management, mail order pharmacy, specialty pharmacy and infusion, Medicare Part D, clinical, disease management, and medical spend management services. The company’s Retail/LTC segment sells prescription drugs and general merchandise, such as over-the-counter drugs, beauty products, cosmetics, and personal care products, as well as provides health care services through its MinuteClinic walk-in medical clinics. Its Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, medical management, Medicare plans, PDPs, Medicaid health care management services, workers’ compensation administrative services, and health information technology products and services. The company’s customers include employers, insurance companies, unions, government employee groups, health plans, Medicare Part D prescription drug plans, Medicaid managed care plans, plans offered on public health insurance exchanges and private health insurance exchanges, other sponsors of health benefit plans, individuals, college students, workers, labor groups, and expatriates. Websites, LTC pharmacies, and onsite pharmacies. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. In 2018, CVS Health acquired Aetna, one of the nation’s leading diversified healthcare benefits companies, marking the start of transforming the consumer health experience.

Exclusively Listed By

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