The Real Estate Espresso Podcast
The Corner Pharmacy Is Gone
Mar 23, 2026
· 5m
<p>If you've driven through any American town or suburb lately, chances are you've noticed a vacant Walgreens. Or a shuttered CVS. Or a boarded-up Rite Aid. These aren't isolated closures. This is a structural, sector-wide contraction that is reshaping the retail landscape in ways we haven't seen before.</p><p>Here's the scale of what'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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