So, I thought I heard of the possibility of exchanging into a commercial property and leasing it out for 5-10 years ( to a WalGreens / CVS pharmacy ) and then live off the income stream and avoid capital gains taxes.So, is this possible ?

There is risk to the demographic areas they primarily go into so the banks won’t give you the same terms as a pharmacy or restaurant with a drive up.Cap rates are inversely related to lease term and quality of the tenant.  

The house is in a neighborhood where medical, nursing, pharmacy students rent.

There is a hospital and pharmacy etc.We do gangbuster business here.

I work in pharmacy, and you're probably right about making more money in this field.

It was a old building run down and the city purchased it and fixed it up using TIF and then gave it to a Pharmacy owner. 

So when that one car is out and they're low on food or medication, being able to walk to a supermarket or pharmacy is huge.

I recently graduated pharmacy school and am working as a pharmacist.

As a person who has become licensed and certified to work pharmacy, I feel it has helped me in my own way as I start out in the real estate industry and other areas of my life as well, so I can just about imagine that the challenge of what you do will be conducive otherwise.

If you have one on your house, I can get in without damage or sound in under 30 seconds, and so can anybody else with youtube.The commercial locks I use are used on banks, pharmacies, and almost any other commercial space.