CVS Properties and links to other CVS Properties

CVS Properties
and links to other
CVS Properties

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CVS Properties are top picks for sophisticated 1031 buyers

CVS Properties and links to other CVS Properties

Michigan
CVS Properties Property #pnnns 17:21:55
CVS Properties 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:       June, 2001

Price:       $4,047,503. Only $433,661 in cash is required to purchase this property!

Financing Obligations:
Loan is Non-Recourse.
Current Loan Balance:    $3,613,842 (est.)
Annual Cash Flow:    $0

Remarks:      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 filled.

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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 estimates used 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, cost, expense, or liability arising out of your investigation and/or purchase of these CVS Properties.

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