1031 Tax Deferred Exchange Property and links to other 1031 Tax Deferred Exchanges

1031 Tax Deferred Exchange Property
and links to other
1031 Tax Deferred Exchanges

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1031 Tax Deferred Exchange buyers seeking retail may find that there are too many of all kinds of retail facilities

1031 Tax Deferred Exchange Property and links to other 1031 Tax Deferred Exchanges

1031 Tax Deferred Exchange Property # 1158

1031 Tax Deferred Exchange Tenant:     Walgreens

Capitalization Rate (CAP):     9%

Asking Price:     $2,220,000 - all cash

Net Operating Income (NOI):     $199,800 fixed annual rental for entire lease term.

State Located:     TX

Lease Terms:     60 years, commenced 4/15/95, with right to cancel after the 20th year and on each five year anniversary thereafter.

Size of Building:     13,500 sq. ft.

Size of Lot:     1.609 acres

Financing Obligations: $1,600,000, 8.75% interest rate, with 20 year self-amortization.

Additional Comments: Landlord is responsible for roof (15 year warranty), exterior and structural repairs. All other maintenance, taxes, and insurance is responsibility of tenant. Percentage rent of 2% of gross sales, except 1% on sales of food, beverages, and license fees and one-half percent of sales of prescription items. Sales from alchohol and non-alchoholic beverages, milk, and tobacco are not included in gross sales.

Request for Package & Non-Exclusive Agreement: Buyers currently under agreement in our files, simply request more information. Buyers interested in the above 1031 Tax Deferred Exchange Property and not yet under previous agreement, please request our agreement.

1031 Tax Deferred Exchange Property and links to other 1031 Tax Deferred Exchanges

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1031 Tax Deferred Exchange Property and links to other 1031 Tax Deferred Exchanges

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 1031 Tax Deferred Exchange Property is offered subject to prior placement, withdrawal, cancellation, or other conditions without prior notice.