BELOW INVESTMENT GRADE RATING
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BELOW INVESTMENT GRADE RATING properties are in demand by investors seeking a higher CAP and willing to take on the additional risk
BELOW INVESTMENT GRADE RATING: Property # 1129
Below Investment Grade Rating Tenant:
Checker Auto Parts
Capitalization Rate (CAP): 10%
Asking Price: $749,000
Net Operating Income (NOI): $74,900 year 1-15, $82,390 year 16-20 (option), $90,629 year 21-25 (option), $99,692 year 26-30 (option).
State Located: TX
Lease Terms: 15 year, commenced 6/96, with three 5 year options and 10% increases every 5 years.
Size of Building: 7,000 sq. ft.
Size of Lot: .50 acres
Financing Obligations: None
Additional Comments: NNN
Request for Package & Non-Exclusive Agreement: Buyers currently under agreement in our files, simply request more information. Buyers interested
in the above BELOW INVESTMENT GRADE RATING Property and not yet under previous agreement, please request our agreement.
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Information contained herein has been obtained from sources that are deemed reliable. We have no reason to doubt the accuracy, however we do not guaranty it.
This BELOW INVESTMENT GRADE RATING Property is offered subject to prior placement, withdrawal, cancellation, or other conditions without prior notice.