ABSOLUTE BOND NET LEASE PROPERTIES and links to other ABSOLUTE BOND NET LEASE PROPERTY

ABSOLUTE BOND NET LEASE PROPERTIES
and links to other
ABSOLUTE BOND NET LEASE PROPERTY

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ABSOLUTE BOND NET LEASE PROPERTIES PROPERTY # 1045
Absolute Bond Net Lease Properties: Tenant:     Confidential

Capitalization Rate (CAP):     7.4% years 1 & 2, 9.8% thereafter

Asking Price:     $2,600,000

Net Operating Income (NOI):     $192,000 years 1 and 2, $255,000 thereafter

State Located:     CA

Lease Terms:     Opening Thanksgiving day (1996). Initial term of 50 years with four 10 year options. Fixed rental increases of 10% every five years, beginning the sixth year. Lease is Absolute Bond Net Lease NNN, with all operating costs paid by the lessee. Lease to commence August 1, 1996.

Building Size:     35,000 square feet

Size of Lot:     5 acres.

Additional Comments: The ground lease is non-subordinated - this building would revert to the owner of the fee in the event of default under the lease. Site improvements will include parking, extensive landscaping, signage and hardscape. The City required builder to provide improvements to get through the design review process. The theater building will be 35,000 square feet with 10 screens. This paricular operator has developed a luxury concept that is very popular with theater patrons in this area. They use high-back reclining seats, provide ample leg room so that someone can walk in front of your seat without causing you to squirm, and cup holders are located on the arms of the chairs. All auditoriums have high-tech surround sound and curved screens. Their luxury proven to be very popular. This theater will be located adjacent to a Price Club in the a Business Center. Other major anchors in the center include Home Depot and K-Mart. There is an opportunity for an investor to pariticpate in the construction of the building for the theater.

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.