Drug Stores Expanding Nationwide
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Drug Stores Expanding Nationwide

CVS trades as CVS Pharmacy at 4,100 locations nationwide. The drug stores occupy spaces of 13,013 sq.ft. in freestanding locations. Growth opportunities are sought throughout AZ, FL, NV and TX during the coming 18 months. Typical leases run 22 years. Preferred demographics include a population of 18,000 within two miles. A land area of one to 1.25 acres is required.

  For more information, contact Frank Hall, CVS, One CVS Drive, Woonsocket, RI 02895; 401-770-5717, Fax 401-770-2606; Email:fjhall@cvs.com; Web site: www.cvs.com.

Duane Reade operates 240 locations throughout NJ and NY. The drug stores occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in urban/downtown areas, freestanding locations and strip centers. Plans call for 20 openings throughout the existing markets annually, with representation by Winick Realty Group. Leases running 10 years are typical.

   For more information, contact Cory Zelnik or Jeff Winick, Winick Realty Group, 655 3rd Avenue, 8th Floor, New York, NY 10017; 212-792-2603, Fax 212-792-2660.

Eckerd Corp. trades as Eckerd at 2,800 locations nationwide. The drug stores occupy spaces of 14,000 sq.ft. in freestanding locations. Plans call for 45 openings throughout AZ, NM and in the Northeast during the coming 18 months. Preferred cotenants include supermarkets. Freestanding locations with a double drive-thru and specific improvements are required. Typical leases run 20 years. Preferred demographics include a population of 20,000 within two miles earning $45,000 as the average household income. The company cites Walgreens, CVS and Osco as competition.

   For more information regarding expansion throughout AZ and NM, contact Steve Bielewics, Eckerd Corp., 5090 North 40th Street, Suite 250, Phoenix, AZ 85148; 602-956-1005, Fax 602-956-6459; Web site: www.eckerd.com. For more information regarding expansion in the NY metro area, contact John Genovese, Eckerd Corp., 1660 Walt Whitman Road, Suite 110, Melville, NY 11747; 631-845-8234, Fax 631-845-8323. For more information regarding expansion in the Northeast, contact Ken Hrabar, Eckerd Corp., 615 Alpha Drive, Pittsburgh, PA 15238; 412-967-8600, 412-967-8663.

Med X Corp. trades as Drug Mart and Med-X Drug at 22 locations throughout OK. The drug stores occupy spaces of 8,000 sq.ft. to 25,000 sq.ft. in strip centers and freestanding locations. Plans call for two openings throughout the existing market during the coming 18 months. Leases running 10 years are typical. Specific improvements are required. Preferred demographics include a population of 7,000 within one mile earning $35,000 as the average household income. The company cites Wal*Mart and Walgreens as competition.

   For more information, contact Milt Wolff, Med-X Corp., 7130 South Lewis, Suite 520, Tulsa, OK 74136; 918-497-1400, Fax 918-497-1492.

Lewis Drugs, Inc. trades as Lewis Drug Stores at seven locations throughout SD. The drug stores occupy spaces of 40,000 sq.ft. in strip centers. Plans call for one opening in the existing market during the coming 18 months.

   For more information, contact Scott Cross, Lewis Drugs, Inc., 2701 South Minnesota Avenue, Suite 1, Sioux Falls, SD 57105; 605-367-2800, Fax 605-367-2876.

Maxi Drug, Inc. trades as Brooks Pharmacy at 332 locations throughout CT, MA, ME, NH, northeastern NY, RI and VT. The drug stores occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months  The company cites CVS and Walgreens as competition. Typical leases run 10 years.

   For more information, contact Peter Schmitz, Maxi Drug, Inc., 50 Service Avenue, Warwick, RI 02886; 401-825-3900, Fax 401-825-3506.

Kinney Drugs, Inc. trades as Kinney Drugs at 62 locations throughout NY and VT. The drug stores occupy spaces of 11,000 sq.ft. in freestanding locations. Plans call for six openings throughout the existing markets during the coming 18 months. Typical leases run 15 to 20 years. A land area of one to 1.5 acres is required. A vanilla shell is required.  The company cites Rite Aid, Eckerd and Wal*Mart as competition.

   For more information, contact Matt Cozza, Kinney Drugs, Inc., 29 East Main Street, Gouverneur, NY 13642; 315-287-1500, Fax 315-287-4291.

Medicap Pharmacies, Inc. trades as Medicap Pharmacy at 200 locations nationwide. The drug stores occupy spaces of 2,000 sq.ft. in freestanding locations and strip and mixed-use centers. Plans call for 20 to 25 openings nationwide during the coming 18 months. Typical leases run five to 10 years with options. The company cites CVS, Eckerd, Walgreens and Wal*Mart as competition. Preferred cotenants include supermarkets. The company is franchising. Sales of $1,700 psf have been reported.

   For more information, contact John Pittarelli, Medicap Pharmacies, Inc., 4350 Westown Parkway, Suite 400, West Des Moines, IA 50266; 515-224-8400, Fax 515-224-84154; Email: jpittarellis@medicaprx.com; Web site: www.medicaprx.com.

Longs Drug Stores operates 470 locations throughout CA, CO, HI, NV, OR and WA. The drug stores occupy spaces of 18,000 sq.ft. in malls, strip centers, urban/downtown areas and freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. A land area of 70,000 sq.ft. is required.

   For more information, contact Tim Hansen, Longs Drug Stores, 141 North Civic Drive, Walnut Creek, CA 94596; 925-210-6887.

Fairview Pharmacy Services trades as Fairview Pharmacy at 20 locations throughout MN. The drug stores occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.

   For more information, contact Bob Beacher, Fairview Pharmacy Stores, 711 Kasota Avenue, Minneapolis, MN 55414; 612-672-5200, Fax 612-672-5201.

Family Meds, Inc. trades as Arrow Pharmacy & Nutrition Center and Family Meds Pharmacy at 139 locations throughout AL, CT, FL, MA, MD, MI, MS, NJ, NY, OH, OK, PA, TN and VT. The drug stores occupy spaces of 1,200 sq.ft. to 3,500 sq.ft. in freestanding locations. Plans call for 10 openings throughout the existing markets during the coming 18 months. The company prefers to cotenant with medical centers and hospitals. Typical leases run five years. A vanilla shell and specific improvements are required.

   For more information, contact Ron Kaufman, Family Meds, Inc., 312 Farmington Avenue, Farmington, CT 06032; 860-676-1222, Fax 860-676-1499.

London Drugs Ltd. trades as London Drugs at 59 locations throughout Canada. The drug stores occupy spaces of 30,000 sq.ft. in malls, strip centers and freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.

   For more information, contact Donna Figueira, London Drugs Ltd., 12831 Horseshoe Way, Richmond, British Columbia, Canada V7A 4X5; 604-272-7494, Fax 604-272-4640.

Louis & Clark Drug, Inc. trades as Louis & Clark Drug at nine locations throughout MA. The drug stores occupy spaces of 2,500 sq.ft. in strip centers and medical buildings. Growth opportunities are sought throughout central and western MA during the coming 18 months.

   For more information, contact Clark E. Matthews Sr., Louis & Clark Drug, Inc., PO Box 966, Wilbraham, MA 01095; 413-596-2431, Fax 413-596-2966.