Expanding Our Portfolio with Strategic CVS Acquisitions
Schiavo Enterprises is excited to announce the successful acquisition of two strategic CVS locations in Rockland and Hanson, Massachusetts. These well-positioned properties represent additions to our growing portfolio of retail assets. One of the key aspects of these acquisitions was the opportunity to renegotiate and secure long-term favorable lease terms with CVS. The properties now have extended leases, ensuring long-term tenant and landlord stability.
In today’s evolving retail landscape, CVS continues to be a solid, dependable presence in communities across the country. With healthcare becoming more integrated into daily life, CVS’s role has expanded beyond a pharmacy to include broader wellness services, which makes these locations all the more valuable.
These acquisitions align with our strategy of securing long-term, stable investments. Both properties are situated in well-established areas with strong local demand. The Rockland property, located on Market Street, sits on a 1.41-acre parcel with a 10,125 square-foot building. Hanson’s CVS location on Liberty Street occupies a larger 4.82-acre site, also with a 10,125 square-foot building. Both locations benefit from signalized intersections and excellent visibility.
The Rockland CVS is surrounded by a variety of national and local retailers, including Walgreens, McDonald’s, Dunkin’, and Dollar Tree. Just a mile away, larger chains such as Target, Stop & Shop, and Verizon create a thriving retail environment. Hanson’s CVS benefits from being located near Shaw’s Plaza, a grocery-anchored shopping center, along with nearby healthcare providers and schools, including Signature Medical Group and Whitman-Hanson Regional High School. Both properties also offer the convenience of drive-thru lanes, enhancing the customer experience.
The addition of these two properties is part of Schiavo Enterprises’ ongoing vision to enhance our portfolio with high-quality, income-generating assets. We will continue to seek opportunities that align with our focus on well-located real estate, tenants with strong credit, and assets offering upside growth potential. These principles, combined with our commitment to stability and long-term growth, guide our strategic approach to future acquisitions.