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.

  • Real Estate Profile
  • Company Profile
  • Stock Charts
  • News
Parent Company: CVS Health
Store Count: 9,600
S&P Rating: BBB+

S&P Outlook: Stable

Moody Rating: Baa1

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


  • Public Company, Credit Rated
  • One of the Market Leaders in its segment
  • Typically Long term leases with increases


  • 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

S&P Rating: BBB+

S&P Outlook: Stable

S&P Rating: Baa1

Moody Outlook: Stable

CVS Stock Keys

Unable to open file