STANDARD & POORS BBB RATING and links to other PROPERTIES WITH STANDARD & POORS BBB RATINGS

STANDARD & POORS BBB RATING
and links to other
PROPERTIES WITH STANDARD & POORS BBB RATINGS

Did you know...
STANDARD & POORS BBB RATING or higher is considered investment grade, and below BBB Below Investment Grade

STANDARD & POORS BBB RATING PROPERTY # 1157
Standard & Poors Bbb Rating Tenant:     Walgreens

Capitalization Rate (CAP):     9%

Asking Price:     $2,250,000

Net Operating Income (NOI):     $202,500 fixed annual rental for entire lease term.

State Located:     TX

Lease Terms:     20 years, commenced 11/95, with 8 five year options.

Size of Building:     13,500 sq. ft.

Size of Lot:     50,045 sq. ft.

Financing Obligations: $1,625,000, 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 STANDARD & POORS BBB RATING 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 STANDARD & POORS BBB RATING Property is offered subject to prior placement, withdrawal, cancellation, or other conditions without prior notice.