Net Lease CVS Pharmacy | KW Net Lease Advisors

Average Sale and Lease Details

www.cvs.com

Price Range 12mo avg:	$4.19M – $4.97M
$/sf 12mo avg:	$363.44
CAP Rate 12mo avg:	6.03%
NOI average:	$286849
Lease Terms:	25yrs
Typical Lease Type:	NNN
Building Size avg:	13254 SF
Lot Size avg:	2.07+/- acres

About CVS Pharmacy

CVS Health (NYSE: CVS) is a pharmacy innovation company helping people on their path to better health. Through our 9,700 retail pharmacies, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 70 million plan members, and expanding specialty pharmacy services, we enable people, businesses and communities to manage health in more affordable, effective ways.

Headquartered in Woonsocket, RI
Largest pharmacy health care provider in the U.S.
Integrated offerings across the spectrum of pharmacy care
Approximately 243,000 employees in 50 states, the District of Columbia and Puerto Rico
CVS Health and MinuteClinic partner with more than 60 major health systems and health care providers across the country.
One of the nation’s largest PBMs, CVS Caremark serves nearly 90 million plan members.

NYSE: CVS

Annual Reports

CVS Pharmacy Financial Highlights

S&P Credit Rating:	BBB+
Moody’s Credit Rating:	Baa1
Annual Revenue 2016:	$81.1B
Annual Revenue 2015:	$72.0B

Revenue Growth:	↑ 12.6 2015
Net Income	$9.1B
Units (Dec. 2016)	9709
Average Units Volume:	$8.35M

Sale Revenue and Store Units are reflecting CVS Retail/LTC Segment only.

As of December 31, 2016, our Retail/LTC Segment included 9,709 retail stores (of which 7,980 were our stores that operated a pharmacy and 1,674 were our pharmacies located within Target stores)

Yahoo! Finance: CVS News Latest Financial News for CVS

Can CVS Stock Overcome the Latest Wrench in Its Aetna Merger?

on June 13, 2019 at 2:22 pm

Senior Judge Richard Leon sent shares in drug store chain CVS (NYSE:CVS) lower after saying he might try to stop its $69 billion merger with Aetna (NYSE:AET), a health insurer. CVS announced the deal in December 2017. Since then, CVS stock is down over 25%. It was due to open for trade June 12 at about $54 per share. CVS' market cap of $70 billion is now just 36% of its 2018 revenue, which was $194 billion.Source: Mike Mozart via FlickrLeon told CVS' and Aetna's lawyers to "cancel their summer vacation," arguing the Department of Justice barely considered what adding 21 million customers could do for CVS' Caremark, a Pharmacy Benefit Manager (PBM).Oral arguments will be held July 17, a ruling coming shortly after. CVS has already agreed to sell its Medicare Part D plan, the only overlap with Aetna, to Wellcare, which in turn is being bought by Centene (NYSE:CNC).InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Question of CostsCentene's involvement begs the main question raised by the merger, which is whether the deal can cut healthcare costs.Centene's market advantage is cost visibility. Its business model is to profit in Medicare and Medicaid by owning clinics and other facilities its covered patients use. It was a big winner on the Obamacare exchanges, where it could offer much lower prices than standard insurance plans.The American Hospital Association opposes the CVS-Aetna merger, while supporting mergers between hospital groups, arguing that hospitals aren't the cause of health care inflation. * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever They're right. Drugs are. Combining PBMs and insurers is how the industry is fighting drug costs.CVS plans to turn 1,500 stores into "HealthHubs," after the merger, with labs, nurses and dieticians to treat chronic conditions like diabetes, representing 75% of America's health care bill.CVS has been preparing itself for a favorable outcome since February, when it reached the agreement with the Department of Justice Judge Leon is now reviewing. The Question of CompetitionLeon's objections are centered on Caremark, but that unit's problems were behind the merger in the first place.The PBM model was upended four years ago when UnitedHealth Group (NYSE:UNH), the largest private insurer, bought Catamaran, another PBM, for its own OptumRx unit.The deal made the stand-alone PBM market untenable. Since then, Express Scripts, the largest PBM, was acquired by Cigna (NYSE:CI), an Aetna rival. That merger, and the CVS-Aetna tie-up, followed failed attempts by Aetna to merge with Humana (NYSE:HUM) and by Cigna to merger with Anthem (NASDAQ:ANTM). Having failed at horizontal mergers because of their size (despite UnitedHealth being bigger than either combination), the second-tier players moved toward vertical mergers, hoping to compete through cost control.Thus, Leon seems intent on stopping a train that has already left the station. UnitedHealth, Centene and Cigna own PBMs, and he's going to stop CVS-Aetna because CVS owns one? The Bottom Line on CVS StockNot all mergers work. CVS' own acquisition of Omnicare, a long-term care provider, caused it take a $3.9 billion write-down in the second quarter of last year, and a net loss for all of 2018. * 7 U.S. Stocks to Buy With Limited Trade War Exposure But given how far insurers have gone along the road to matching income with outgo, the Aetna merger was looking like a winner. The delays have pushed CVS shares down enough to give its 50 cent per share dividend a yield of 3.82%, even though absent of write-offs, it covers that dividend with earnings two to three times over each year.The Leon delay looks like a good opportunity for income investors to grab a bargain.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Can CVS Stock Overcome the Latest Wrench in Its Aetna Merger? appeared first on InvestorPlace. […]
This National Grocery Chain Will Carry CBD in 17 States

on June 13, 2019 at 11:36 am

With more than 2,700 branded locations nationwide, this grocer plans to introduce topical CBD products in a third of all states. […]
CVS Health -- Moody's announces completion of a periodic review of ratings of CVS Health

on June 12, 2019 at 4:35 pm

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CVS Health and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. […]
The Dow Fell 14 Points Because Trade-War Worries and Rate-Cut Hopes Cancelled Each Other

on June 11, 2019 at 9:11 pm

The three main U.S. stock-market indexes ended with slight losses on Tuesday after giving up gains. Investors across the globe had been cheered by news of fresh moves from Beijing to support the Chinese economy, despite President Donald Trump’s latest attack on the Fed. […]
CVS Bought Aetna Last Year. Now a Judge Is Sowing Doubts.

on June 11, 2019 at 6:07 pm

It remains unclear whether Judge Richard Leon can or will unwind the entire deal, the settlement, or do nothing—or what an inevitable appeal would involve. […]

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CVS Pharmacy

Average Sale and Lease Details

About CVS Pharmacy

NYSE: CVS

Annual Reports

CVS Pharmacy Financial Highlights

Recent Closings for CVS Pharmacy and Similar Tenants

Walgreens

San Antonio, TX

Walgreens

Aubrey, TX

Texas Real Estate Commission Information About Brokerage Services Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice