CVS

CVS Pharmacy is a 13,050 square foot single-tenant leased asset located in the dense, established submarket of Fort Worth, Texas. The Property is leased to CVS Pharmacy Corporate (CVS Pharmacy, Inc.) who has been a tenant at this location since 1997 and leased through October 2027 with two, 5-year renewal option. CVS Pharmacy sits on a large 2.55-acre parcel with multiple ingress/egress points of access and a highly visible two-sided pylon sign. Founded in 1963, CVS Pharmacy is a publicly traded company (NYSE: CVS) that has over 9,600 locations across the United States and has over 300,000 employees. The company is ranked #4 on the Fortune 500 List, 7th largest company by revenue and is ranked amongst the top 3 largest pharmacies in the United States. CVS Pharmacy reported $322.5 Billion in revenue for 2022 and has a corporate credit rating of “BBB+” by S&P and “Baa1” by Moody’s, both considered investment grade. The Property is located within a densely populated corridor containing more than 2,600,000 square feet of retail GLA and 4,600,000 square feet of industrial GLA within a 1.5-mile radius.