If investors are anything like the average net lease property owner, they might find a retail pharmacy is a solid investment. Even better news is that this investment will likely continue providing a reasonable rate of return.
Think about your neighborhood retail pharmacy. Perhaps it’s a stand-alone Walgreens on a busy street corner, or a CVS on a pad site, shadow-anchored by a big-box retailer. If you’re anything like the average consumer, this pharmacy offers a handy location for prescriptions, health and beauty products, and groceries.
If investors are anything like the average net lease property owner, they might find a retail pharmacy is a solid investment. Even better news is this investment will likely to continue providing a reasonable rate of return.
During much of the early to mid-20th century, people filled prescriptions at the local pharmacy. These independently owned operations also offered over-the-counter remedies, a small line of packaged goods, magazines, candy, and some locations had old-fashioned soda counters.
Today’s retail pharmacy isn’t your grandfathers’ neighborhood drug store.
Over the past several decades, these establishments morphed from independent ownership to operations that are, for the most part, in the hands of national chains. This, in turn, has meant more front-of-store offerings.
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