Distribution Center Properties and links to other Distribution
Center Properties

Distribution Center Properties
and links to other
Distribution Center Properties

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Distribution Center Properties benefit from write offs against other income and a free and clear property at the end

Distribution Center Properties and links to other
Distribution Center Properties


Distribution Center Properties and links to other Distribution
Center Properties
Pennsylvania
Distribution Center Properties Property #pnnns 17:21:55

Distribution Center Properties Tenant:     CVS Pharmacy

Credit Rating:       S&P "A"

State Located:       Pennsylvania

Size of Building:       368,594 Square Feet Building

Land Area:       31.021 Acres

Lease Term:       22-Year, 5 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 Expiratin:       Expires January 31, 2024

Annual Rental Income (NOI):       From years 1 through year 22.5 $661,338

Price:       $7,985,274. Only $855,565
in cash is required to purchase this property!

Financing Obligations:
Loan is Non-Recourse.
Current Loan Balance:    $7,129,709 (est.)
Interest Rate:    7.52%
Annual Debt Service:     $661,338
Annual Cash Flow:    $0

Remarks:      Loan is fully amortizing. 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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Distribution Center Properties and links to other
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The Distribution Center Properties contained herein have been obtained from Distribution Center Properties sources believed to be reliable. While we do not doubt the accuracy of these Distribution Center Properties, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the Distribution Center Properties information. As a Distribution Center 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 Distribution Center Properties. The value of these Distribution Center 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 Distribution Center 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 Distribution Center Properties.

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