Lowest Cap Rate
4.53%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.74%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
7.17%
Average Cap Rate over previous quarter
Overview
As the largest pharmacy store chain, with over 9,900+ retail location and 1,100 MinuteClinic locations in 49 states, CVS is the leader in the pharmacy store industry. Since the merger with Aetna in 2018, the health care giant has seen a 24% increase in sales/revenue from $194 billion to $256 billion. In 2020, CVS continued its growth in virtual MinuteClinic visits and home prescription deliveries, bolstered by the COVID -19 pandemic.
Property & Lease
Sales Price Range$2,500,000 - $7,000,000
NOI Range$150,000 - $350,000
Building SF13,000
Lease Term20 Years
EscalationsFlat Initial Term
Stock SymbolNYSE:CVS
Credit Rating
S&PBBB
Moody'sBaa2
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
5.58
5.88
6.08
5.92
5.05
5.31
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Hanson, MA6.50%
Rockland, MA6.85%
Riverview, FL5.58%
Top Consumer Traffic
Santa Cruz, CA1,000,000
Medford, MA1,000,000
Los Angeles, CA998,800
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
