April 19, 2024


Tenant Description

Founded in Lowell, Massachusetts, in 1963, CVS has grown significantly over the years, becoming a pivotal player in the healthcare sector. The company operates a vast network of locations and has been at the forefront of innovating healthcare services, including prescription management, walk-in medical clinics, and digital health services.

CVS Health's approach to healthcare is multifaceted, aiming to improve access, lower costs, and enhance the quality of care. This is evident in their wide range of services, from traditional pharmacy operations to more advanced health services provided through their MinuteClinic locations. Their commitment to healthcare innovation is also highlighted by their strategic acquisitions and partnerships aimed at expanding their service offerings and enhancing patient care.

The company's growth strategy includes a strong focus on digital health solutions, aiming to make healthcare more accessible and convenient for customers. This includes online pharmacy services, telehealth options, and a user-friendly mobile app, all designed to enhance the customer experience and streamline care management.

Financially, CVS Health has demonstrated robust performance, underpinned by its diversified business model that spans across pharmacy services, retail, and healthcare benefits management. This financial stability, combined with a broad service offering, positions CVS Health as an attractive tenant in the commercial real estate market.

Overall, CVS Health's blend of retail and healthcare services, combined with its commitment to innovation and financial stability, make it a compelling entity in the healthcare industry and a desirable tenant for commercial real estate professionals.

Average Asking Cap Rate


3 mo avg (1,267 properties)

Typical Investment/Lease

Average Sale Price




$/Square Foot

$470 - $650

Building SF

11,000 - 13,100

Approx. Store Count


Lease Term

10 Years


Flat Initial Term

Stock Symbol


Credit Quality



Average Asking Cap Rate Trend





Reflect only properties with long-term lease.

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