CVS NNN Cap Rates
CVS asking cap rates right now
29 active CVS listings on Net Lease World as of November 4, 2026.
Across listings that publish a cap rate, the median asking cap rate is 6.24% and the average is 6.30%, ranging from 3.90% to 10.35%.
These are asking cap rates on active listings, not closed sales. Final pricing can differ.
| Cap rate band | Listings | Average asking price |
|---|---|---|
| Under 5.00% | 3 | $40,298,949 |
| 5.00% – 5.99% | 8 | $8,929,950 |
| 6.00% – 6.99% | 13 | $4,420,647 |
| 7.00% – 7.99% | 2 | $6,284,500 |
| 8.00% and above | 3 | $3,342,000 |
Cap rate by remaining lease term
Longer remaining terms usually price at lower cap rates. Here is how our live listings break down.
| Term remaining | Listings | Average asking cap rate |
|---|---|---|
| Under 5 years | 3 | 7.48% |
| 5 – 9.9 years | 8 | 6.81% |
| 10 – 14.9 years | 11 | 6.28% |
| 15+ years | 7 | 5.26% |
Cap rate by state
States with active listings (50 states only; DC and territories are reported separately).
| State | Listings | Average asking cap rate |
|---|---|---|
| Florida | 5 | 6.53% |
| Georgia | 5 | 6.37% |
| Texas | 4 | 5.42% |
| Connecticut | 2 | 6.23% |
| New York | 2 | 5.86% |
| Rhode Island | 2 | 7.32% |
| Virginia | 2 | 6.51% |
| Arizona | 1 | 5.75% |
| Illinois | 1 | 6.30% |
| Massachusetts | 1 | 7.65% |
| North Carolina | 1 | 10.35% |
| Pennsylvania | 1 | 6.00% |
Frequently asked questions
What is the average CVS cap rate?
The average asking cap rate across 29 active CVS listings on Net Lease World is 6.30% as of November 4, 2026 (median 6.24%).
Are these closed sale cap rates?
No. They are asking cap rates on active listings. Closed sale prices can be higher or lower.
How do I hear about new CVS listings?
Set a free alert on the CVS page and we will email you when one lists.