NNN Properties and links to other NNN Properties

NNN Properties
and links to other
NNN Properties

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NNN Properties have a much higer demend than non-NNN Properties

NNN Properties and links to other NNN Properties

NNN Properties and links to other NNN Properties
NNN Properties Property #pnnns 17:21:55

NNN Properties Tenant:     Circuit City

Tenant Industry Type:       Retail

State Located:       Florida

Size of Building:       33,056 Square Feet Building

Land Area:       3.68 Acres

Lease Term:       20-Year Primary Lease term.

Options:       There are 2 Options Renewal Periods. Each option is for 10 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:       November 6, 2000

Annual Rental Income (NOI):       From years 1 through year 20 $530,000

Rental Increases:       10% each option period

Price:       $4,800,000

Capitalization Rate (CAP):       8.75%

Lease Guarantor (Primary Signatory):       Circuit City

Terms of Sale:       Cash at Closing

Remarks:      Circuit City, the #2 U.S. Electronics retailer, has about 630 stores across the U.S. For the year ended 2000, the company had $12.6 billion in sales and 198 million in net income.

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NNN Properties and links to other NNN Properties

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NNN Properties and links to other NNN Properties

The NNN Properties contained herein have been obtained from NNN Properties sources believed to be reliable. While we do not doubt the accuracy of these NNN Properties, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the NNN Properties information. As a NNN 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 NNN Properties. The value of these NNN 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 NNN 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 NNN Properties.

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