Zero Flow Investments
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Zero Flow Investments
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Pennsylvania
Zero Flow Investments Property #pnnns 17:21:55
Zero Flow Investments Tenant:
CVS Pharmacy
Credit Rating: S&P "A"
State Located: Pennsylvania
Size of Building: 10,125 Square Feet Building
Land Area: 1.562 Acres
Lease Term: 22-Year Primary Lease term.
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, 2000
Annual Rental Income (NOI): From years 1
through year 22 $327,635
Price: $3,835,572. Only
$410,954 in cash is required to purchase this property!
Financing Obligations:
Loan is Non-Recourse.
Current Loan Balance: $3,424,618 (est.)
Interest Rate: 7.75%
Annual Debt Service: $327,635
Annual Cash Flow: $0
Remarks:
Loan not subject to paydown/readvance.
Fully amortized property.
This is a "Bond-Net" lease.
Not subject to paydown & re-advance.
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
filled.
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Zero Flow Investments - Further explanation of these types of
investments
The Zero Flow Investments contained herein have been obtained from Zero Flow Investments sources
believed to be reliable. While we do not
doubt the accuracy of these Zero Flow Investments, we have not verified it and make no guarantee,
warranty or representation
about the accuracy or completeness of the Zero Flow Investments information. As a Zero Flow
Investments 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 Zero Flow
Investments. The value of these
Zero Flow Investments 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 Zero Flow Investments
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 Zero Flow Investments.
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