Drug Store Real Estate
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Drug Store Real Estate Properties
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Drug Store Real Estate is probably the best selling single tenant real estate
Central Missouri
Drug Store Real Estate Property #pnnnsECKERDmw2345
Drug Store Real Estate Tenant:
Eckerd Drug Store
Tenant Industry Type: Drug Store
State Located: Lower Midwest
Size of Building: 11200 Square Feet Free-
Standing Building
Land Area: 1.29 Acres
Lease Term: 20-Year Primary Lease term.
Options: There are 4 Options Renewal
Periods. Each option is for 5 years.
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: 4/11/01
Annual Rental Income (NOI): From years 1
through year 20 $372,584.00
Price: $4,200,000.00
Capitalization Rate (CAP): 8.7%
Lease Guarantor (Primary Signatory): Eckerd
Corporation
Terms of Sale: Cash at Closing
Remarks: Location serves as new store for two
recently closed older in line stores. Volumes are great and Pharmacy sales are above estimates.
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The Drug Store Real Estate contained herein have been obtained from Drug Store Real Estate sources
believed to be reliable. While we do not
doubt the accuracy of these Drug Store Real Estate, we have not verified it and make no guarantee,
warranty or representation
about the accuracy or completeness of the Drug Store Real Estate information. As a Drug Store Real
Estate 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 Drug Store Real
Estate. The value of these
Drug Store Real Estate 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 Drug Store Real Estate
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 Drug Store Real Estate.
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