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High Leverage Properties Property #pnnns 17:21:55
High Leverage Properties Tenant:
Credit Rating: S&P "A"
State Located: Indiana
Size of Building: 10,125 Square Feet Building
Land Area: 1.120 Acres
Lease Term: 22-Year, 8 month Primary Lease
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: December, 2000
Annual Rental Income (NOI): From years 1
through year 22.8 $252,666
Price: $3,137,004. Only
$336,108 in cash is required to purchase this property!
Loan is Non-Recourse.
Current Loan Balance: $2,880,896 (est.)
Interest Rate: 7.28%
Annual Debt Service: $252,666
Annual Cash Flow: $0
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
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sources believed to be reliable. While we do not
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guarantee, warranty or representation
about the accuracy or completeness of the High Leverage Properties information. As a High Leverage
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 High Leverage
Properties. The value of these
High Leverage Properties to you depend on factors which should be evaluated by your tax, financial
and legal advisors. You and
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Properties to determine to your
satisfaction the suitability of the property for your needs. By requesting further information,
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