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Pharmacy Cap Rates 2025: Walgreens vs. CVS Net Lease Analysis

Walgreens at 7.81% | CVS at 6.79% The pharmacy net lease sector ended 2025 with a familiar structure — and one meaningful shift.Walgreens average cap rate: 7.81%CVS average cap rate: 6.79%CVS has historically traded at a premium to Walgreens. That relationship continued in 2025.What changed was the expansion of…

Net LeaseRetailCapital MarketsU.S. National
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