CVS Pharmacy Net Leased
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CVS Pharmacy Net Leased
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CVS Pharmacy Net Leased with zero flow properties takes into consideration the future free and
clear investment as opposed to current CVS Pharmacy Net Leased
Virginia
CVS Pharmacy Net Leased Property #pnnns 17:21:55
CVS Pharmacy Net Leased Tenant:
CVS Pharmacy
Credit Rating: S&P "A"
State Located: Virginia
Size of Building: 10,125 Square Feet Building
Land Area: 1.451 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: February, 2001
Annual Rental Income (NOI): From years 1
through year 22.8 $333,972
Price: $4,315,235. Only
$462,347 in cash is required to purchase this property!
Financing Obligations:
Loan is Non-Recourse.
Current Loan Balance: $3,852,888 (est.)
Interest Rate: 7.28%
Annual Debt Service: $333,972
Annual Cash Flow: $0
Remarks:
RVI is 20%.
Loan balance due at maturity is $780,777.
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 Pharmacy Net Leased - Further explanation of these types of
investments
The CVS Pharmacy Net Leased contained herein have been obtained from CVS Pharmacy Net Leased
sources believed to be reliable. While we do not
doubt the accuracy of these CVS Pharmacy Net Leased, we have not verified it and make no
guarantee, warranty or representation
about the accuracy or completeness of the CVS Pharmacy Net Leased information. As a CVS Pharmacy
Net Leased 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 Pharmacy
Net Leased. The value of these
CVS Pharmacy Net Leased 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 Pharmacy Net Leased
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 Pharmacy Net Leased.
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