CVS Drug For Sale and links to other CVS Drug For Sale
Properties

CVS Drug For Sale
and links to other
CVS Drug For Sale Properties

Did you know...
CVS Drug For Sale is considered by many to have the same caliber as a Walgreens

CVS Drug For Sale and links to other CVS Drug For Sale
Properties


CVS Drug For Sale and links to other CVS Drug For Sale Properties
Michigan
CVS Drug For Sale Property #pnnns 17:21:55

CVS Drug For Sale Tenant:     CVS Pharmacy

Credit Rating:       S&P "A"

State Located:       Michigan

Size of Building:       10,880 Square Feet Building

Land Area:       1.450 Acres

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:       October, 2000

Annual Rental Income (NOI):       From years 1 through year 22 $265,219

Price:       $3,159,155. Only $338,481
in cash is required to purchase this property!

Financing Obligations:
Loan is Non-Recourse.
Current Loan Balance:    $2,820,674 (est.)
Interest Rate:    7.75%
Annual Debt Service:     $265,219
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 Drug For Sale and links to other CVS Drug For Sale
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CVS Drug For Sale and links to other CVS Drug For Sale
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The CVS Drug For Sale contained herein have been obtained from CVS Drug For Sale sources believed to be reliable. While we do not doubt the accuracy of these CVS Drug For Sale, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the CVS Drug For Sale information. As a CVS Drug For Sale 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 For Sale. The value of these CVS Drug For Sale 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 For Sale 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 For Sale.

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