Single Tenant Lease
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Single Tenant Lease Properties
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Single Tenant Lease properties are considered by many to be the most secure form of real estate
leases?
Northern Illinois
Single Tenant Lease Property (#pnnnsBLOCKBUSTERil 14)
Single Tenant Lease Tenant:
Blockbuster Video
Credit Rating: S&P Moody's .
State Located: Northern Illinois
Size of Building: 3,315 Square Feet Free-
Standing Building
Land Area: 5,240
Lease Term: 10-Year Lease. The tenant has 3
Options to renew the lease. Each option is for 5 years.
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: April 1, 2000. Lease
expires March 31, 2010.
Annual Rental Income (NOI): From years 1 through
year 5 $85,305
- Year 6 to Year 10 $93,819
- Year 11 to Year 15 $103,191 Option
- Year 16 to Year 20 $113,520 Option
- Year 21 to Year 25 $124,872 Option
Price: $950,000
Capitalization Rate (CAP): 9.00%
Terms of Sale: Cash at Closing
Financing Obligations:
Loan is Nonrecourse
Current Loan Balance: $610,000
Interest Rate: 7.18%
Amortized Over 30 years, due 10 in years.
Annual Debt Service: $
Remarks / Comments: Seller may be able to do a
9.50% cap at $900,000. Very high daily average traffic count of +/- 90,800 cars per day due to the
area's dense retail concentration and convenient access to expressways. This property offers the
investor a "hassle-free quality investment with no management or maintenance requirements.
Blockbuster is the dominant player with over 5,000 stores. In addition, Blockbuster also markets a
variety of electronic games and game cartriges, CD-ROMs, and entertainment merchandise.
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The Single Tenant Leases contained herein have been obtained from Single Tenant Lease sources
believed to be reliable. While we do not
doubt the accuracy of these Single Tenant Leases, we have not verified it and make no guarantee,
warranty or representation
about the accuracy or completeness of the Single Tenant Lease information. As a Single Tenant
Lease 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 Single Tenant
Leases. The value of these
Single Tenant Leases to you depend on factors which should be evaluated by your tax, financial and
legal advisors. You and
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determine to your
satisfaction the suitability of the property for your needs. By requesting further information,
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