Brauvin 18 acquired a 13,042 square foot CVS pharmacy property located in Indianapolis for $2,525,000. The lease is guaranteed by CVS Health Corporation (NYSE: CVS), which is the largest pharmacy chain in the United States with more than 9,900 retail locations, and has investment grade credit ratings of BBB (S&P) and Baa2 (Moody’s).

The property had eight years remaining on the lease term, the final three years of which included a “rent holiday” where the tenant pays zero rent to the Landlord. Brauvin and its affiliates have acquired multiple properties leased to CVS that contain rent holidays.