investment grade properties and links to other investment grade property

investment grade properties
and links to other
investment grade property

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investment grade properties will use Capitalization rates (CAP), a measure of performance and an indication of value, as a primary data

investment grade properties property # 1150
Investment Grade Properties Tenant:     Walgreens

Capitalization Rate (CAP):     9%

Asking Price:     $1,365,900

Net Operating Income (NOI):     $122,928

State Located:     TX

Lease Terms:     $10,244.27 per month against a percentage of sales: 2% general merchandise, 1% food and beverage, 1/2% prescriptions. 50 year original lease, commenced 10/92. Outclause in 17 years and every 5 years thereafter.

Size of Building:     12,544 sq. ft.

Size of Lot:     39,073 sq. ft.

Financing Obligations: $442,900 cash down to existing loan and Buyer to assume Note and Firts Deed of Trust of approx. $920,000, payable at $9,228.12 per month, including principal and interest at 9.5% per year, all due and payable in October, 2012 non-recourse.

Additional Comments: No closing costs to Buyer (except legal fees, escrow, title, recording, and assumption fee paid by Seller. Triple net lease with tenant responsible for all repairs and maintenance on interior, taxes, licenses and insurance. Landlord responsible for roof, structural, and parking lot repaving (tenant pays routine sealing and maintenance). 20 year warranty on roof. This store is one of the top performing stores in the area (26 Walgreen stores), and showed fiscal '94 - '95 sales growth of 21.7% over '93 - '94. (source: store manager and sales reports).

Request for Package & Non-Exclusive Agreement: Buyers currently under agreement in our files, simply request more information. Buyers interested in the above investment grade 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 investment grade property is offered subject to prior placement, withdrawal, cancellation, or other conditions without prior notice.