CVS properties all have varying business operations which directly affect store profitability.ĬVS properties for sale have a minute clinic or are 24 hour operations which are preferred by many net lease investors. Of the double net CVS property for sale some have roof, structure or parking lot responsibilities and some may have reimbursable expenses pertaining to common areas if located within a shopping center. ![]() Some CVS for sale are absolute net with zero landlord responsibilities and other CVS for sale are double net with varying landlord responsibilities. Another differentiator between CVS properties for sale is the lease structure. ![]() These CVS properties have a ground owner but then also a leasehold position that can become available for sale. Another ownership type that is more prevalent with CVS for sale are the leasehold ownership structures. Most CVS for sale are fee simple ownership structures however, there are some CVS for sale that are infill ground lease structures that may have increases in the primary lease term or have larger increases in the renewal option periods versus a typical CVS lease. These zero cash flow CVS investments are valued completely differently than the typical CVS for sale. Many times these CVS properties for sale have a rent holiday for CVS at the end of the primary term before the lease options. Some CVS for sale are zero cash flow ownership structures where the entire rental payments go to the lender to pay down the debt giving the landlord zero cash flow during the primary lease term. These factors directly impact the value of any CVS for sale and should be considered in addition to the typical valuation factors of real estate quality and lease term remaining before the options. Imagine what people think of you when you show up at the pharmacy to pick up your controled substance and they are looking at you like you are crazy or some kind of a junky because they have no record of a prescription.CVS property for sale can range in square footage, tenant operations, building type, lease structure and ownership structure. I’m so pissed that I never got that phone call from a manager to apologize from the embarrassment I went through because they lost my prescription. Then she asked from my birthday and I counldn’t hold back so I replied, “its the prescription you lost yesterday!” She snickered and went on about her business to get the prescription and check me out like nothing was wrong. She asked for my name, I gave it too her. So you are telling me that in 9 hours, 12:00-9:00 p.m., that Im the only customer whos prescription needed to be photocopied? Really?!?! So then I went back to CVS to pickup my prescription and the woman from the day before was working the window again. On the following morning the same girl from the night before called me, not the manager as requested, to tell me they found my prescription in the printer/ copier machine. I asked her to have the pharmacy manager contact me the following day. ![]() I tried to remain calm because I knew it wasnt her that took them from me earlier. I later returned to CVS about 30 minutes before closing to pickup my prescriptions and the lady at the window, after searching for a long time, told me she couldnt find them and there wasn’t any notes or records of them in the computer. I was told the prescriptions would be ready for pickup in about 2 hours. Last month I droped off my prescriptions at the window around 12:00 noon. Nobody seem to have a clue about whats going on around them and no effort is ever exerted to provide customer service or fix a problem. First of all they need to hire more people because the line to pick up medication is always long and it takes forever to get one persons medication and check them out. ![]() It has been problem after problem with the pharmcy in the back. This is the worst CVS I have ever used in my life! While I’ve never had a problem with cashiers up front.
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