Landes Group Acquires 3 North Carolina CVS Stores

The Landes Group announced February the acquisition of three CVS Pharmacy stores. The acquisitions totaled more than $7 million of approximately 30,300 square feet of real estate across the state of North Carolina. The three drug stores are each positioned on hard corners within a high concentration of retail properties. CVS Health Corp. is a leading pharmacy benefits manager with nearly 90 million plan members, is also the nation's largest drugstore chain. "Our unique approach to commercial real estate is designed to provide our investors with superior returns, while maintaining long-lasting relationships with out tenants" said CEO Brett Landes. The Landes Group is a privately held real estate investment firm based in Dallas, TX. They focus on the acquisitions United States leased properties from investment-grade corporate users. They specialize in yield optimization through innovative debt and lease re-structures, sale-leaseback, transactions and re-tenanting opportunities.