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Drugstore Chains May Be Closing Stores but Some Real Estate Investors Still Want Them

Interest Continues Despite Walgreens and CVS Closing Some and Opening Fewer

A Walgreens in Sanford, Maine, listed for sale at $9 million. (CoStar)
A Walgreens in Sanford, Maine, listed for sale at $9 million. (CoStar)

Walgreens recently announced it was shuttering a couple hundred stores, and CVS Health said it would be curtailing plans to open new ones. That wasn't necessarily news to real estate brokers, who have become used to such reversals as retailers look to rightsize their operations to deal with changing shopping patterns.

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