Brauvin Acquires Five CVS Locations

Brauvin Net Investments, LLC has completed the acquisition of five CVS stores for an aggregate purchase price of $15 million.  The properties are leased to CVS Health Corporation, (NYSE: CVS) the leading pharmacy and benefits company that has over 9,800 retail locations.  CVS carries an investment grade credit rating of BBB+ by Standard & Poor’s and is ranked #18 on Fortune’s Global 500 list.  The properties are leased on a long term basis and are triple net to the landlord.  “We are pleased to expand our relationship with CVS as they are one of the premier health care companies in the US” said James L. Brault, President of Brauvin.  “This diversified portfolio of well-located assets is an excellent addition to our 17th fund, Brauvin Net Investments, LLC.  We look forward to additional acquisition opportunities with CVS.”