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CVS Properties Property #pnnns 17:21:55
CVS Properties Tenant:
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: June, 2001
Price: $4,047,503. Only
$433,661 in cash is required to purchase this property!
Loan is Non-Recourse.
Current Loan Balance: $3,613,842 (est.)
Annual Cash Flow: $0
Can be purchased all cash (subject to refinancing) or as premium over the .
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
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CVS Properties - Further explanation of these types of investments
The CVS Properties contained herein have been obtained from CVS Properties sources believed to be
reliable. While we do not
doubt the accuracy of these CVS Properties, we have not verified it and make no guarantee,
warranty or representation
about the accuracy or completeness of the CVS Properties information. As a CVS Properties buyer,
it is your responsibility to
independently confirm the accuracy and completeness. Any projections, opinions, assumptions or
are for example only and do not represent the current or future performance of the CVS Properties.
The value of these
CVS Properties 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 Properties 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,
or liability arising out of your investigation and/or purchase of these CVS Properties.
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