The Real Estate Espresso Podcast
The Real Estate Espresso Podcast

The Corner Pharmacy Is Gone

Mar 23, 2026 · 5m

<p>If you&#39;ve driven through any American town or suburb lately, chances are you&#39;ve noticed a vacant Walgreens. Or a shuttered CVS. Or a boarded-up Rite Aid. These aren&#39;t isolated closures. This is a structural, sector-wide contraction that is reshaping the retail landscape in ways we haven&#39;t seen before.</p><p>Here&#39;s the scale of what&#39;s happened. Walgreens has closed 1,200 stores over the past three years. CVS has shuttered more than 1,170 locations since 2022. And Rite Aid — a 63-year-old chain that …

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