CVS
Baskersfield, CA
CVS Health Corporation, together with its subsidiaries, provides integrated pharmacy health care services. It operates through Pharmacy Services and Retail/LTC segments. The Pharmacy Services segment offers pharmacy benefit management solutions, such as plan design and administration, formulary management, Medicare Part D services, mail order, specialty pharmacy and infusion services, retail pharmacy network management services, prescription management systems, clinical services, disease management programs, and medical pharmacy management services. This segment serves employers, insurance companies, unions, government employee groups, health plans, Medicare Part D plans, managed Medicaid plans, plans offered on public and private exchanges, other sponsors of health benefit plans, and individuals under the CVS Caremark Pharmacy Services, Caremark, CVS Caremark, CarePlus CVS Pharmacy, CVS Specialty, Accordant, SilverScript, NovoLogix, Coram, Navarro Health Services, and ACS Pharmacy names.
As of December 31, 2016, it had 23 retail specialty pharmacy stores, 13 specialty mail order pharmacies and 4 mail order dispensing pharmacies, and 84 branches for infusion and enteral services. The Retail/LTC segment sells prescription drugs, over-the-counter drugs, beauty products and cosmetics, personal care products, convenience foods, seasonal merchandise, and greeting cards, as well as offers photo finishing services. It has 9,709 retail stores in 49 states, the District of Columbia, Puerto Rico, and Brazil primarily under the CVS Pharmacy, CVS, CVS Pharmacy y más, Longs Drugs, Navarro Discount Pharmacy, and Drogaria Onofre names; online retail pharmacy Websites; and 38 onsite pharmacy stores, long-term care pharmacy operations, and retail health care clinics. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. CVS Health Corporation was founded in 1892 and is headquartered in Woonsocket, Rhode Island.
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S&P Outlook: Stable
Moody Outlook: Stable
Typical Lease Characteristics
Lease Term: 15 – 20 Years Years
Lease Type: Absolute NNN Lease
Lease Increases: 10% Every 5 years
Lease Extensions: 4-5 (5) Year Options
Lease Guarantor: Corporate
Positives:
- Public Company, Credit Rated
- One of the Market Leaders in its segment
- Typically Long term leases with increases
Negatives:
- Typically low cap rates
- facing increased pressures from online shopping
Market Snapshots:
On Market Ranges:
# of Properties in set: 88
Price: $4,867,490 - $5,592,440Average: $5,178,183
PPSF: $370 - $430Average: $397
Year Built: 1964 - 2017Average: 2000
CAP Rate Range: 5.08% - 6.76%Average: 5.78%
Size range: 7,388 sq ft - 25,871 sq ft Average: 13,082 sq ft
Last 12 Month Range:
# of Properties in set: 155
Price: $4,165,720 - $5,504,700Average: $4,959,187
PPSF: $319 - $437Average: $380
Year Built: 1956 - 2018Average: 2005
CAP Rate Range: 5.46% - 7.10%Average: 6.07%
Size range: 9,000 sq ft - 30,343 sq ft Average: 12,552 sq ft
CVS Company Profile
Headquarters Information
Woonsocket, Rhode Island
Founded in 1963
Company type: Public
Stock Ticker: CV5
Parent Company: CVS Health
Sector: Healthcare
Industry: Health Care Plans
# of Employees: 240,000
CVS Stock Keys
Title | 2017 | 2016 |
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