CVS Pharmacy closes multiple stores in the OKC area. Did yours make the cut?
CVS Pharmacy continues to close stores, including a half-dozen in Oklahoma City, as part of its three-year strategy of "making health care more affordable, accessible and convenient for consumers."
That's how the Rhode Island-based chain put it when announcing the shuttering of 900 locations in 2021 "to reduce store density and ensure it has the right kinds of stores in the right locations for consumers and for the business." CVS said it would close failing and underperforming brick-and-mortar stores.
CVS said its "digital-forward, technology-first approach" involves "optimizing the retail portfolio to serve as community health destinations," both in person and virtually, by focusing on advanced primary care centers, enhanced HealthHUB locations as well as traditional CVS Pharmacy stores.
New businesses move into spaces CVS Pharmacy has vacated in the OKC area
It's cost the OKC area at least seven CVS stores, but other stores and businesses are moving into those spaces.
Whether to close a particular store comes down to how it fits CVS's new approach, but mainly how good business is at the location, said Will Lightfoot, a partner at SHOP Oklahoma City, who specializes in single-tenant retail leases like CVS utilizes.
He said CVS real estate specialists were probably given a mandate three years ago: "Trim our worst performers."
CVS Pharmacy stores closed, or closing, in Oklahoma City
Here are the CVS Pharmacy stores in OKC area that have closed, or will close, since the announcement in 2121, according to Mark Inman, senior vice president and retail specialist in OKC for commercial property brokerage CBRE Group.
CVS at 2412 N Classen Blvd. at NW 23, closing May 16.
CVS at 4500 NW 23 at N Meridian Avenue, which is available for lease through CBRE.
CVS at 7013 N May Ave. closed and was leased to Natural Grocers, which is relocating to 5903 Northwest Expressway in Warr Acres with plans to open on May 2.
CVS Pharmacy stores that have closed in Oklahoma City suburbs
Here are the CVS Pharmacy stores in OKC suburbs that have closed since the announcement in 2121, according to CBRE's Inman.
CVS at 6951 SE 15 at S Air Depot Boulevard in Midwest City, which is now a location for Archwell Health,which offers senior primary care.
CVS at 4251 SE 44 at S Sunnylane Road in Del City, which was sold to a Dollar Tree developer and has jobs available. SHOP Oklahoma City handled the sale.
CVS at 700 W Main St. in Norman,closed and is for sale.
CVS at 1040 SW 19 in Moore,closed and is offered for lease.
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This article originally appeared on Oklahoman: Which CVS stores in Oklahoma City are closing; what's replaced them
