CVS Lease Opportunity: Monticello, FL

Store No. 4099
Location: 1390 South Jefferson Street, Monticello, FL
Sq. Footage: 13,225
Open Date: 1/1/2008
NOI/Debt Service: $295,568
Est. Loan (Jan. 2013): $2,944,912
467 Loan: $172,870
Required Equity: $500,000
Sales Price: $3,617,782
  1. Initial lease term 25 years, 2 months, commencing in December – 07 and expiring on January 31, 2033.
  2. Loan term is 22 years, with an interest rate of 6.943%.
  3. Fully-amortizing, non-recourse loan.
  4. Tenant has a 3 year rent holiday in the last 3 years of the initial lease
  5. Debt must be assumed
  6. Properties are zero cash flow
  7. Absolute net lease; no landlord responsibilities.

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