Grocery Store Properties
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Grocery Store Properties
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Grocery Store Properties are usually the first type of investments wanted by buyers of net leased
property
Florida
Grocery Store Properties Property #pnnns 17:21:55
Grocery Store Properties Tenant:
Kash n' Karry
Credit Rating: S&P "BBB-
State Located: Florida
Size of Building: 44,142 Square Feet Building
Lease Term: Lease term of 8/11/95 - 1/31/26
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.
Price: $6,975,406. Only
$747,365 in cash is required to purchase this property!
Financing Obligations:
Loan is Non-Recourse.
Current Loan Balance: $6,228,041 (est.)
Annual Cash Flow: $0
Remarks:
This property fully amortizes.
This is a "Bond-Net" lease.
Rent increases approx. 3.67% every 5 years.
Kash n' Karry is owned by the Belgian food retailer Delhaize, but under control by Delhaize
America, which is traded on the NYSE under "DZA". They operate over 1,100 grocery stores under
various brand names. For the year ended December - 2000, they had annual sales of $12.7 billion.
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Grocery Store Properties - Further explanation of these types of
investments
The Grocery Store Properties contained herein have been obtained from Grocery Store Properties
sources believed to be reliable. While we do not
doubt the accuracy of these Grocery Store Properties, we have not verified it and make no
guarantee, warranty or representation
about the accuracy or completeness of the Grocery Store Properties information. As a Grocery Store
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 Grocery Store
Properties. The value of these
Grocery Store 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 Grocery Store
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 Grocery Store Properties.
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