CVS Pharmacy NNN Properties for Sale
Are you looking to buy or sell a CVS Pharmacy Ground Lease Property, or NNN Lease CVS Pharmacy Property for passive investment? If you would like to buy or sell Net Lease CVS Pharmacy NNN Properties, please feel free to send us an email to info@nnndeals.com and we will get back to you quickly.
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| Formerly | Consumer Value Stores (1963–69) |
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| Type | Subsidiary |
| Industry | Retail |
| Founded | May 8, 1963 Lowell, Massachusetts, U.S. |
| Founders |
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| Headquarters | 1 CVS Drive, , U.S. |
Number of locations | 9,967[1] (2018) |
Area served | |
Key people |
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| Revenue |
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 US$6.0 billion[3] (2017) | |
| Owner |
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Number of employees | 203,000[4] (2017) |
| Website | cvs |
| Footnotes / references [5] | |
CVS Health Corp. – The Second Largest Pharmacy Company in America
CVS Health Corp. is one of the most prominent pharmacy company across the US. It is the second-largest pharmacy chain in the United States in terms of prescription revenue. The company has its strong presence with 9,600 stores across 50 US states apart from the 1,110 walk-in clinics. It has over 75 Million pharmacy plan members and is currently headquartered in Woonsocket, Rhode Island.
Current Status
Occupying an overall 62nd rank in the Global 2000 list of Forbes, the company holds 18th position in terms of sales, 95th position in terms of profit, and 60th position in terms of market value as per the analysis of the Magazine. Moreover, according to Forbes, the company is the 47th most valuable brand in the whole world due to the tremendous growth in its sales and profit.
As per the financial analysis report, the gross profit that the company earned through its sale in the second quarter of the 2016 year is $43.7 Billion showing an overall growth of 17.6%. Of course, it is a public sector company registered in NYSE (New York Stock Exchange) under the ticker of CVS. At present, the current market capital value according to Forbes is $ 110.8 Billion. In 2015, the company’s gross profit was $26,528 Million out of the net revenue of $153,290.
Its long-term targets include a net revenue growth of 9% to 13%. They have set to attain at least $8 Billion as their annual available cash target for enhancing shareholder value. All this is stated in their Five-year CAGR(2013-2018).
While talking about the growth and revenue of the company, the analysis remains incomplete without the mention of the number of employees involved in it. Under the visionary guidance of its current CEO Larry J. Merlo, the company currently, has a huge team of 240,000 employees who are all responsible for the overall growth of the company over the years.
The History Behind The Success
CVS stands for Consumer Value Stores and in 1963, the first CVS store came into existence in Lowell, Massachusetts, with the efforts of brothers Stanley and Sidney Goldstein and partner Ralph Hoagland. They sold health and beauty products. 1967 CVS opens first pharmacy store in Warwick and Cumberland, Rhode Island. Melville Corporation bought CVS in 1969. In 1996, CVS started trading on the NYSE (New York Stock Exchange). In 1999, Caremark launched online prescription refills. MinuteClinic was founded in 2000 as the retail health care center service. CVS Caremark exceeded $100 billion revenues in 2011.
Subsidiaries and Assets of CVS Health Corp.
- CVS Pharmacy – Biggest part of the CVS Corp. It fills in more than one of every prescription in the US.
- MinuteClinic – Largest walk-in medical clinic in US with 1,100 locations in 33 states.
- Caremark Rx – Provides prescription benefits management service.
- CVS Specialty – Provides specialty pharmacy services for individuals with chronic or genetic diseases who require complex and expensive drug therapies.
Besides these big parts of the CVS Health corp. group, names like Drogaria Onofre, Longs Drugs, Navarro Discount Pharmacies, Accordant, Coram, and Omnicare also hold a quintessential place in its extended family.
Giving back to the society –
CVS Health Corp. gives back to the society in more ways than one. A lot of their programs are dedicated to make the next generation healthy along with taking care of the present and the previous generation. Some of the initiatives taken by the company are listed below –
- Investment of $50Million for a tobacco-free generation.
- Grants for community health programs.
- Employees Children Scholarship.
- Scholarship For Pharmacy Schools.
- Aiding Non-Profit Organizations
- CVS Health Employee Relief Fund.
- Disaster Relief Fund.
Looking for investment opportunity?
CVS Health Corp. managed to return above $6 billion to its shareholders, thanks to its record earnings and revenue generation in 2015. Its net revenues amounted to $44.6 billion and its operating profit came out to be $2.8 billion by the end of third quarter of 2016. Hence, if you are considering a property for long term investment, venturing with CVS would prove to be a profitable affair. The company is all poised to give you a considerable value for your money.