Absolute Bond Net Lease Property and links to other Absolute Bond Net Lease Properties

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Absolute Bond Net Lease Property
and links to other
Absolute Bond Net Lease Properties

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Absolute Bond Net Lease Property # 1058
Absolute Bond Net Lease Property Tenant:     Dillards Department Store

Capitalization Rate (CAP):     9.18%

Asking Price:     $4,350,000

Net Operating Income (NOI):     $399,124

State Located:     TX

Lease Terms:     Absolute Bond Net Lease Property, NNN Lease (No landlord responsibilities). Remaining initial term of 13 years and expires 12/2009. The lessee is responsible for all operating expenses related to the property. Lessee pays a percentage rent of 2.5% on sales above $9,333,333.

Size of Building:     71,309 sq. ft.

Size of Lot:     8.35 acres

Financing Obligations: None

Additional Comments: Dillard Department Stores, Inc. operates 229 department stores in 23 states. Dillard reported a net income of $251 million in 1995 with a net worth of $2.3 billion. Dillard has an A credit rating. The property is situated in an enclosed shopping mall. Other tenants in the mall include Sears & J.C. Penny's. The mall is very successful and dominates the local retail markets. There are 4 Five year renewal options at the same rent.

Request for Package & Non-Exclusive Agreement: Buyers currently under agreement in our files, simply request more information. Buyers interested in the above Absolute Bond Net Lease Property and not yet under previous agreement, please request our agreement.

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 Absolute Bond Net Lease Property is offered subject to prior placement, withdrawal, cancellation, or other conditions without prior notice.