CVS Pharmacy

Founded in 1963, CVS Pharmacy Inc. is an American national chain of retail pharmacy stores headquartered in Woonsocket, Rhode Island. CVS operates and franchises 9,681 stores in 49 U.S. states. The company is owned by CVS Health, a pharmacy innovation company helping people on their path to better health. CVS Health helps more than 100 million people by playing an active role in the commitment to health. 

CVS Pharmacies are a staple in the net lease investment sales market due to their investment grade status and premiere visibility on cornered real estate. The goal of the company is to facilitate 65 billion health care interactions by the year 2030. CVS plans to operate three distinct formats going forward: stores dedicated to offering primary care services, enhanced HealthHUB locations with products and services designed for everyday health and wellness, and traditional CVS Pharmacy stores.

In the 2021 fiscal year, CVS Health generated +/- $292.11B in revenue, an 8.71% increase from 2021. CVS filled over 419 million prescriptions, making CVS the second-largest retail pharmacy in the U.S. The company’s stellar financial performance, in combination with strong brand loyalty from customers, has led the company to boast an impressive BBB credit rating from Standard & Poor’s.