CVS Drug Stores and links to other CVS Drug Stores

CVS Drug Stores
and links to other
CVS Drug Stores

Did you know...
CVS Drug Stores are considered by many to be the most secure type real estate investment

CVS Drug Stores and links to other CVS Drug Stores


CVS Drug Stores and links to other CVS Drug Stores
Michigan
CVS Drug Stores Property #pnnns 17:21:55

CVS Drug Stores Tenant:     CVS Pharmacy

Credit Rating:       S&P "A"

State Located:       Michigan

Size of Building:       10,880 Square Feet Building

Land Area:       1.357 Acres

Lease Term:       22-Year, 8 month 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:       May, 2001

Annual Rental Income (NOI):       From years 1 through year 22.8 $264,273

Price:       $3,440,881. Only $368,666
in cash is required to purchase this property!

Financing Obligations:
Loan is Non-Recourse.
Current Loan Balance:    $3,072,216 (est.)
Interest Rate:    7.28%
Annual Debt Service:     $264,273
Annual Cash Flow:    $0

Remarks:      RVI is 24%. Loan balance due at maturity is $739,199. Can be purchased all cash (subject to refinancing) or as premium over debt. 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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CVS Drug Stores and links to other CVS Drug Stores
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CVS Drug Stores - Further explanation of these types of investments

CVS Drug Stores and links to other CVS Drug Stores

The CVS Drug Stores contained herein have been obtained from CVS Drug Stores sources believed to be reliable. While we do not doubt the accuracy of these CVS Drug Stores, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the CVS Drug Stores information. As a CVS Drug Stores buyer, it is your responsibility to independently confirm the accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the CVS Drug Stores. The value of these CVS Drug Stores to you depend on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of these CVS Drug Stores to determine to your satisfaction the suitability of the property for your needs. By requesting further information, you agree to indemnify Quality Real Estate and shall hold Quality Real Estate harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of these CVS Drug Stores.

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