Capital Square Realty Buys CVS Store in the Heart of Strip’s Development Boom

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Capital Square Realty Buys CVS Store in the Heart of Strip’s Development Boom

By Alex Girda

April 14, 2014

The appeal of drugstores to investors was recently underscored when an affiliate of Capital Square Realty Advisors L.L.C. acquired a 14,378-square-foot CVS on the ground floor of Sky Las Vegas, the luxury condominium tower on the Las Vegas Strip. Capital Square’s purchase also reflects the demand expected to flow from the multibillion-dollar resort projects under development nearby.

Located at 2700 S. Las Vegas Blvd., the store is leased to CVS Caremark Corp. on a long-term basis. Capital Square Realty CEO Louis Rogers commented in a statement, “The facility also benefits from a strategic location on the rapidly-developing north end of the Las Vegas Strip.”
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