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Bondable Properties Property #pnnns 17:21:55
Bondable Properties Tenant:
CVS Pharmacy
Credit Rating: S&P "A"
State Located: New Jersey
Lease Term: 22-Year Primary Lease term.
Lease Type: NNN - ABSOLUTE TRIPLE NET with
NO Landlord responsibilities to the buyer. Tenant is responsible for ALL expenses, including
property taxes, maintenance, repairs, all insurance, roof and structure, and all other costs.
Rent Commencement Date: January, 2002
Price: $6,066,431. Only
$649,975 in cash is required to purchase this property!
Financing Obligations:
Loan is Non-Recourse.
Current Loan Balance: $5,416,456 (est.)
Annual Cash Flow: $0
Remarks:
Can be purchased all cash (subject to refinancing) or as premium over the .
This is a "Bond-Net" lease.
CVS Operates over 4,100 stores in the Northeast and Mid-Atlantic portions of the U.S. For the
year ending December 2000, CVS reported sales of $20.1 billion. CVS is publically traded on the
NYSE (CVS) and has an S&P rating of "A". With the recent acquistion of Revco and Arbor Drugs, CVS
is the #2 drugstore chain in the U.S. in total sales and #1 in store count and prescriptions
filled.
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The Bondable Properties contained herein have been obtained from Bondable Properties sources
believed to be reliable. While we do not
doubt the accuracy of these Bondable Properties, we have not verified it and make no guarantee,
warranty or representation
about the accuracy or completeness of the Bondable Properties information. As a Bondable
Properties buyer, it is your responsibility to
independently confirm the accuracy and completeness. Any projections, opinions, assumptions or
estimates used
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Properties. The value of these
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