Rite Aid Properties
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Rite Aid Properties
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Rite Aid Properties are usually the first type of investments wanted by buyers of net leased
property
California
Rite Aid Properties Property #pnnns 17:21:55
Rite Aid Properties Tenant:
Rite Aid
State Located: California
Size of Building: 29,652 Square Feet Building
Land Area: 1.120 Acres
Lease Term: Lease term of 5/18/98 - 5/18/2020
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: $5,271,807. Only
$564,836 in cash is required to purchase this property!
Financing Obligations:
Loan is Non-Recourse.
Current Loan Balance: $4,706,970 (est.)
Annual Cash Flow: $0
Remarks:
RVI is 10%.
Loan balance at maturity is $470,958.
This is a "Bond-Net" lease.
Rite Aid (NYSE: RAD) is the number three drug store chain in the country. Based out of Camp
Hill, PA, Rite Aid operates almost 3,800 stores in thirty states. For the year ended February
2000, Rite Aid had annual sales of $14.7 billion, an increase of 15.3% over the previous year.
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Rite Aid Properties - Further explanation of these types of
investments
The Rite Aid Properties contained herein have been obtained from Rite Aid Properties sources
believed to be reliable. While we do not
doubt the accuracy of these Rite Aid Properties, we have not verified it and make no guarantee,
warranty or representation
about the accuracy or completeness of the Rite Aid Properties information. As a Rite Aid
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 Rite Aid
Properties. The value of these
Rite Aid 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 Rite Aid 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 Rite Aid Properties.
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