Brauvin Acquires a CVS Property in Georgia

Brauvin acquired a CVS drugstore and pharmacy property in Gainesville, Georgia for $2,417,000.  Gainseville is located approximately 55 miles northeast of downtown Atlanta.  The lease is guaranteed by CVS Health Corporation  a leading pharmacy benefits manager with 93 million plan members, over 9,900 retail locations, and approximately 1,100 walk-in medical clinics.  Both CVS’ corporate credit and long term debt carry an investment grade rating of ‘BBB’ by Standard & Poor’s.  CVS is currently ranked #18 on Fortune’s Global 500 and #7 on the Fortune 500.