CVS and links to other CVS Properties

and links to other
CVS Properties

Did you know...
CVS is right behind Walgreens in drug store demand?

CVS and links to other CVS Properties

CVS and links to other CVS Properties
CVS Property #pnnns 17:21:55

CVS Tenant:     CVS Pharmacy

Credit Rating:       S&P "A"

State Located:       Michigan

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:       November, 2000

Annual Rental Income (NOI):       From years 1 through year 22 $242,117

Price:       $2,883,974. Only $308,997
in cash is required to purchase this property!

Financing Obligations:
Loan is Non-Recourse.
Current Loan Balance:    $2,574,977 (est.)
Interest Rate:    7.75%
Annual Debt Service:     $242,117
Annual Cash Flow:    $0

Remarks:      Loan not subject to paydown/readvance. Fully amortized property. This is a "Bond-Net" lease. Not subject to paydown & re-advance. 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 and links to other CVS Properties

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CVS and links to other CVS Properties

The CVS contained herein have been obtained from CVS sources believed to be reliable. While we do not doubt the accuracy of these CVS, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the CVS information. As a CVS 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. The value of these CVS 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 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.

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