Drugstores, such as Walgreens and CVS, are among the few businesses that survived the pandemic largely unscathed and, in many cases, with stronger-than-expected sales. In fact, their proven track record through economic downturns is just one reason why they are sought-after tenants by net lease investors.
Even before 2020, drugstores were in growth mode due to consumers’ focus on health and wellbeing. During the pandemic, their easily accessible locations, often as free-standing corner units with ample parking and drive-through services, provided consumers with convenient shopping options. At the same time, investors benefited from drugstores’ strong credit history and the essential nature of their business. However, as with all forms of commercial real estate, investors must conduct through due diligence and work with professional advisors to understand a specific property’s fundamentals and its potential to yield desired risk-adjusted returns.
With offices in Miami, Orlando, New York City and Geneva, the team at Orion works with investors, developers, property owners and brokers through all phases of real estate transactions, from strategic planning and analysis to financing, negotiation, property management and disposition. For more information, call (305) 278-8400 or email firstname.lastname@example.org.