Brauvin Acquires a CVS with a “Rent Holiday” lease
Brauvin 18 acquired a property operated by CVS Health Corp. (NYSE: CVS) for a total cost of $3,755,000. CVS is an investment grade-rated company and is ranked No. 17 on Fortune’s Global 500. The property had a thirteen year term remaining on the lease and the final three years were “rent holidays”. Brauvin and its affiliates have acquired multiple properties leased to CVS that contain rent holidays.