Bond Type Properties and links to other Bond Type Properties

Bond Type Properties
and links to other
Bond Type Properties

Did you know...
Bond Type Properties are considered by many to be the most secure type real estate investment

Bond Type Properties and links to other Bond Type
Properties


Bond Type Properties and links to other Bond Type Properties
Michigan
Bond Type Properties Property #pnnns 17:21:55

Bond Type Properties Tenant:     CVS Pharmacy

Credit Rating:       S&P "A"

State Located:       Michigan

Size of Building:       10,880 Square Feet Building

Land Area:       1.320 Acres

Lease Term:       22-Year, 8 month 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:       March, 2001

Annual Rental Income (NOI):       From years 1 through year 22.8 $257,231

Price:       $3,160,660. Only $338,642
in cash is required to purchase this property!

Financing Obligations:
Loan is Non-Recourse.
Current Loan Balance:    $2,851,508 (est.)
Interest Rate:    7.28%
Annual Debt Service:     $257,231
Annual Cash Flow:    $0

Remarks:      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 filled.

For further information on this Bond Type Properties property, you may want to Bookmark and Print this
page then Bond Type Properties
and links to other Bond Type Properties Properties to our Buyer page and let us know of your interest in this offering.

Bond Type Properties and links to other Bond Type Properties
Properties

Bond Type Properties Bond Type Properties Home Page    |    Bond Type Properties - Available Properties    |    Bond Type Properties - Current Buyers

Bond Type Properties - Seller Input    |    Bond Type Properties - Buyer Input    |    Bond Type Properties - Contact Us

Bond Type Properties - Further explanation of these types of investments

Bond Type Properties and links to other Bond Type
Properties

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

COPYRIGHT , all rights reserved