CVS Pharmacy Net Leased and links to other CVS Pharmacy Net
Leased Properties

CVS Pharmacy Net Leased
and links to other
CVS Pharmacy Net Leased

Did you know...
CVS Pharmacy Net Leased with zero flow properties takes into consideration the future free and clear investment as opposed to current CVS Pharmacy Net Leased

CVS Pharmacy Net Leased and links to other CVS Pharmacy Net
Leased Properties


CVS Pharmacy Net Leased and links to other CVS Pharmacy Net Leased
Properties
Virginia
CVS Pharmacy Net Leased Property #pnnns 17:21:55

CVS Pharmacy Net Leased Tenant:     CVS Pharmacy

Credit Rating:       S&P "A"

State Located:       Virginia

Size of Building:       10,125 Square Feet Building

Land Area:       1.451 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:       February, 2001

Annual Rental Income (NOI):       From years 1 through year 22.8 $333,972

Price:       $4,315,235. Only $462,347
in cash is required to purchase this property!

Financing Obligations:
Loan is Non-Recourse.
Current Loan Balance:    $3,852,888 (est.)
Interest Rate:    7.28%
Annual Debt Service:     $333,972
Annual Cash Flow:    $0

Remarks:      RVI is 20%. Loan balance due at maturity is $780,777. 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.

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CVS Pharmacy Net Leased and links to other CVS Pharmacy Net
Leased Properties

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

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