CVS NNN Properties for Sale (3 Listings)
3 active listings · Updated August 20, 2026
Data updated 2026-08-20
CVS properties for sale on this page are the active CVS listings on this page. A buyer searching CVS for sale, or CVS NNN properties for sale, is looking at that same set: single-tenant drugstores. The count, the median asking cap, and the asking-cap range printed above come from those files. Read them as asking caps. They change whenever a CVS file is added or pulled.
Each card links to that store. The current files are CVS in Atlanta, Georgia, CVS in Harrisburg, Illinois, and CVS in Lakewood Ranch, Florida. The same listing files feed the NNN cap rate report. CVS does not get a tenant row on that report until at least five active listings share the name, because a smaller set is not presented as a market. The stores still count in the report's overall total. Every tenant is on NNN properties for sale.
Quick Facts
- Lease type
- Absolute NNN
- Typical term
- 20–25 yr legacy; 10–15 yr newer
- Credit
- Corporate — investment grade (Moody's Baa3 / S&P BBB, as of Q3 2026)
- Guarantee
- CVS Health / subsidiary with parent support — confirm entity per lease
What cap rate are CVS NNN properties listed at right now?
As of August 20, 2026, the newest listing date in this set, CVS has 3 active listings on this page. The median asking cap is 6.35%. The asking caps run from 5.75–6.60%. These are asking cap rates on active listings, not closed sales. An asking cap is the income stated on the listing divided by the asking price. The listings are compiled from many brokerages, and this site does not claim them as its own inventory. Lease-term bands stay hidden because each band needs at least 5 listings, and no band in this set reaches that count. Fewer than 5 listings are in this set, so the median describes only these listings.
- Active listings
- 3
- Median asking cap
- 6.35%
- Asking cap range
- 5.75–6.60%
- Newest listing date
- August 20, 2026
The same asking-cap method, across tenants, is on the NNN cap rate report.
Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.
CVS Listings
Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.
Get off-market CVS deals
Where are the CVS listings, by state?
This table is calculated from the active CVS listings on this page. The count, the median asking cap, and the asking caps are those listings only, not closed sales. A state link goes to that state's NNN page, which includes every tenant. A state with no link has no state page on this site.
| State | Listings | Median asking cap | Asking caps |
|---|---|---|---|
| Florida | 1 | 5.75% | 5.75% |
| Georgia | 1 | 6.35% | 6.35% |
| Illinois | 1 | 6.60% | 6.60% |
Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.
Who is the contact broker?
Dwaine Clarke is the contact broker for NNN Deal Finder (FL Lic. #BK3592809). He represents buyers on CVS properties. Buyer representation is free, and the listing side pays the commission. Call 239-236-2626.
What lease does a CVS NNN listing use?
Older CVS development often left a 20–25 year firm term on absolute-net paper, including ground leases where the chain built on the landowner's dirt. Relocations, extensions, and sale-leasebacks written later more often run 10–15 years. Rent on the firm term is commonly flat, with the bumps written into the options. Landlord work usually rounds toward zero, but the lease type on the card is the type stored for that listing, and these files are not one form. Read the document. Options nobody has exercised do not lengthen the term you are buying. Once the commencement date is in the lease, the lease expiry calculator turns that date into months left.
Who guarantees a CVS lease?
The credit on the bid is CVS Health: Moody's Baa3 and S&P BBB as of Q3 2026, and more than $370B of annual revenue across retail pharmacy, Aetna, and the Caremark PBM. Confirm which entity signs. Older deals sometimes sit with a subsidiary, and parent support has to be in the lease, not assumed from the sign on the building. Re-check the agency levels at contract. Clinics, home health, and primary-care acquisitions are why the parent still wants the boxes. The building is a piece of that distribution plan.
What should you check before offering on CVS?
Look for a long firm term, absolute-net language in the lease itself, and a trade area that lost a competing pharmacy rather than gained one. The estoppel should show no open termination right and no assignment already in motion. Two CVS stores inside a mile usually means one of them is leaving. A minor subsidiary with no parent support is a different credit. Legacy rents above $26 per foot, and a seller rushing a closing ahead of a published closure list, belong on the question list. Pharmacy-counter hours, posted on the store's own site, are a quiet read on how the chain ranks the location.
Drugstore exits are often underwritten against a $12–16 per foot re-lease band. That band is a sector note this page already used. It is not an asking cap, and it is not calculated from the listings above.
How does CVS compare with Walgreens and Dollar Tree?
Walgreens is the other national drugstore corner. CVS has drawn the tighter bid because the parent is still public and investment grade, and because the usual lease is a firm term rather than a long kickout chain. 7-Eleven is corporate convenience paper, generally a smaller building with a fuel operation. Dollar Tree is the discount cross-shop: set that listing's asking cap beside the active CVS listings on this page, then weigh the CVS parent once the store looks like a keeper.
The state table is calculated from the same active listings and links to Florida NNN properties for sale, Georgia NNN properties for sale, and Illinois NNN properties for sale. Those state pages cover every tenant, not a CVS-only market. The category page is pharmacy NNN properties for sale. When you have one lease's income and a price, the cap rate calculator is that division.
What should you know before buying a CVS NNN property?
CVS for sale on this page is one drugstore on one lease. Asking cap rates for the active listings are calculated here and labeled as asking caps, not closed sales. A median on a set smaller than five listings describes only those listings. A lease-term band is shown only when that band has at least five listings.
What cap rate are CVS NNN properties listed at right now?
As of August 20, 2026, the newest listing date in this set, CVS has 3 active listings on this page. The median asking cap is 6.35%. The asking caps run from 5.75–6.60%. These are asking cap rates on active listings, not closed sales. An asking cap is the income stated on the listing divided by the asking price. The listings are compiled from many brokerages, and this site does not claim them as its own inventory. Lease-term bands stay hidden because each band needs at least 5 listings, and no band in this set reaches that count. Fewer than 5 listings are in this set, so the median describes only these listings.
What does a search for CVS for sale find on this page?
A single-tenant CVS drugstore offered as an investment property. CVS properties for sale and CVS NNN properties for sale are the same board: the active listings. The count, the median asking cap, and the range are figured here from the CVS files alone. Asking cap means the income printed on the flyer divided by the price the seller is asking. That is not a closed trade.
Why has CVS priced tighter than Walgreens?
The parent. CVS Health pairs its drugstores with Aetna and the Caremark pharmacy-benefit business, and the ratings cited on this page are investment grade (Moody's Baa3, S&P BBB, as of Q3 2026). Walgreens is the same corner type with a weaker credit story. The price gap buyers talk about is roughly 50–100 basis points. You are paying for the balance sheet behind the pharmacy counter, and you still have to read the lease.
Do CVS leases carry the same termination options as Walgreens?
Usually no, and that is a structural difference worth reading for. Classic CVS paper runs a 20–25 year firm term with ordinary 5-year options, not a long option chain full of kickouts. Newer deals and renewals can be shorter, and some files are ground leases. Model the years left and the options that are actually in the document. Verify the specific lease before you offer.
Are CVS store closures a warning sign for landlords?
They are network math the company has already published. CVS announced roughly 900 closures in the early 2020s and kept trimming through 2026, mostly overlapping urban sites and mall-adjacent formats, while converting keepers toward HealthHUB. The buyer screen is knowable: drive-thru, a real corner, and script density. A store the chain would not keep is not saved by the logo.
What should a buyer check in the front of a CVS store?
Less than the pharmacy counter, and more than zero. Pharmacy drives most of the volume, but the front end shows whether corporate is still investing: a recent remodel, HealthHUB clinic space, and a stocked beauty set mark a keeper. Empty shelves and cut hours mark a store sliding down the closure list. A site visit is still the cheapest diligence in net lease.
How does the Aetna business affect the landlord's credit risk?
It spreads the credit that pays the rent. Retail pharmacy margins are tight across the sector, but the guarantee draws on a parent that also earns from insurance and pharmacy-benefit management — over $370B in annual revenue across the segments. Healthcare policy is the macro variable, and a PBM-reform shock would touch those earnings. Investment grade today (Moody's Baa3, S&P BBB, as of Q3 2026). Confirm again at close.
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