What findings did CAMAudit surface in the CVS Pharmacy, Inc. case?

CAMAudit flagged 2 findings with an apparent overcharge of $5,952. Each finding cites the specific detection rule, dollar amount, and the lease provision that grounds the dispute.

Can my firm reproduce these findings on a live client engagement?

Yes. CAMAudit applies the same CAM forensic detection rules to any lease and reconciliation your firm uploads. Partner firms receive findings in under 15 minutes and white-label branded report delivery for each completed audit.

Is Retail, store-within-a-store a common property type for CAM audit engagements?

CAMAudit handles all commercial property types: retail, office, industrial, mixed-use, and specialty. The detection rules apply wherever a tenant pays CAM or operating expenses under a lease with specific definitions, caps, or exclusion lists.

What is a correction package and does CAMAudit generate one?

A correction draft is a factual starting point that specifies each overcharge by rule, dollar amount, and lease provision. CAMAudit generates a draft grounded in the specific audit findings for advisor and counsel review.

Public-record case study

CVS pharmacy at Target: public-record insurance pass-through case study

Name: CVS pharmacy at Target: public-record insurance pass-through case study structured case-study facts
Creator: CAMAudit
Published: 2026-03-12

A public-record CAM case study showing $5,952 in flagged insurance pass-through charges in a CVS pharmacy sublease inside Target.

CVS Pharmacy, Inc.2021 statementNNN subleaseRetail, store-within-a-store

Host Store Commercial Package Policy Premium billed at $187,500 building-wide.

Directors & Officers Liability Insurance billed at $45,000 building-wide.

Tenant share of the non-permitted insurance pool equaled $5,952.

The full pipeline flagged 2 findings and $5,952 in total apparent overcharges.

What happened

CVS operates pharmacy departments within Target stores under a store-within-a-store sublease model. The lease allows only pharmacy-specific coverage, but the 2021 operating statement passed through Target's host-store commercial package policy and directors and officers liability insurance anyway. That pushed duplicate and corporate insurance costs into CVS's CAM bill even though the sublease says those categories are not recoverable.

Findings from the pipeline

Rule 9: Insurance Overcharge

high confidence

$4,800

Insurance premium 'property' is not among the coverage types the lease permits the landlord to recover. [scaled to tenant share: 2.5600%]

Lease evidence

Recoverable insurance costs are limited to: pharmacy professional liability insurance, workers' compensation coverage for pharmacy staff, and liability insurance directly arising from pharmacy operations.

8.2

Statement references

property

Rule 9: Insurance Overcharge

high confidence

$1,152

Insurance premium 'directors_and_officers' is not among the coverage types the lease permits the landlord to recover. [scaled to tenant share: 2.5600%]

Lease evidence

8.2

Statement references

directors_and_officers

Lease evidence

Pro-rata share fixed at 2.56%.
Recoverable insurance is limited to pharmacy liability, professional liability, and workers compensation.
Host store commercial package policies are not recoverable.
The lease does not include a CAM cap.

Why this matters for your firm

The duplicate insurance issue is common in store-within-a-store and sublease structures. The tenant already carries its own risk-specific insurance, so a broad host-store policy can slip into CAM as a second bill for the same exposure. This is exactly the kind of narrow lease-language mismatch that tenants miss when they review statements by eye.

Correction package excerpt

Request for Cooperative Review of Certain Line Items. The automated review flagged an apparent discrepancy of $5,952.00 for the 2021 reconciliation year tied to non-permitted insurance charges.

Industry guide

Pharmacy CAM overcharges

Detection guide

Insurance pass-through guide

Lease language

CAM charges in subleased space

Frequently Asked Questions

Run these same detection rules on your client engagements

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Public-record note

This page summarizes public-record documents and CAMAudit output for educational and marketing purposes. It does not imply endorsement by CVS Pharmacy, Inc. or any third party. Readers should review the underlying lease, statement, and dispute timeline for their own facts.