Inland acquires 24 CVS properties

Inland’s ad tagline says the company’s “always buying.” One of the nation’s leading drugstore chains just found out how true that is.



Inland Real Estate Acquisitions announced that it has acquired 24 CVS pharmacy properties for $116 million. The stores are located in 14 states and add up to 276,466 sq. ft. of retail space.



“This was an attractive acquisition opportunity due to the fact that each store was under a new 25-year absolute triple net lease that CVS Health Corporation guaranteed for each CVS Pharmacy property,” said Inland Acquisitions president Joe Cosenza.



The pharmacies are located in Arkansas, Georgia, Illinois, Kentucky, Louisiana, Michigan, Minnesota, New York, Ohio, Pennsylvania, South Carolina, Texas, Virginia and Wisconsin.

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