Zero Flow Listings and links to other Zero Flow Listings

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Zero Flow Listings

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Zero Flow Listings and links to other Zero Flow Listings


Zero Flow Listings and links to other Zero Flow Listings
Ohio
Zero Flow Listings Property #pnnns 17:21:55

Zero Flow Listings Tenant:     CVS Pharmacy

Credit Rating:       S&P "A"

State Located:       Ohio

Size of Building:       10,125 Square Feet Building

Land Area:       1.338 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:       October, 2000

Annual Rental Income (NOI):       From years 1 through year 22 $265,565

Price:       $3,108,930. Only $333,100
in cash is required to purchase this property!

Financing Obligations:
Loan is Non-Recourse.
Current Loan Balance:    $2,775,830 (est.)
Interest Rate:    7.75%
Annual Debt Service:     $265,565
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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The Zero Flow Listings contained herein have been obtained from Zero Flow Listings sources believed to be reliable. While we do not doubt the accuracy of these Zero Flow Listings, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the Zero Flow Listings information. As a Zero Flow Listings 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 Listings. The value of these Zero Flow Listings 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 Listings 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 Listings.

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