Rite Aid Properties and links to other Rite Aid Properties

Rite Aid Properties
and links to other
Rite Aid Properties

Did you know...
Rite Aid Properties are usually the first type of investments wanted by buyers of net leased property

Rite Aid Properties and links to other Rite Aid Properties


Rite Aid Properties and links to other Rite Aid Properties
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 and links to other Rite Aid Properties

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Rite Aid Properties - Further explanation of these types of investments

Rite Aid Properties and links to other Rite Aid Properties

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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