CVS Pharmacy

4391 E. Washington Ave - Las Vegas NV 89110

LTV (Loan to Value)	65.00%	Current NOI	$29,620,992.00
Interest Rate	4.250%	Capital Rate	5.500%
Fixed Term	10 Years	Land Area	+/-1.94 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$3,500,250.00	Property Type	Retail
Payment	$18,962.19	Property Lease	Drug Store
Bulding Size	0 SF	Remaining Terms	12.75 Years

Location Description

NNN Lenders is pleased to present to qualified investors the opportunity to purchase a fee-simple interest in a CVS Pharmacy. The property is located in Las Vegas, NV and has approximately twelve (12.75) years remaining in the base lease term. The property features ten (10), five (5) year options. The property is 100% leased to and guaranteed by CVS Health Corporation. For FY2014, ended December 31, 2014, CVS Health Corporation had total revenue of $139.36 billion and EBITDA of $10.72 billion and net income of $4.64 billion. As of March 31, 2015, CVS had total assets of $72.8 billion and a net worth in excess of $38.2 billion. CVS currently holds a Standard & Poor's credit rating of BBB+/Stable.

Highlights

Investment Grade Credit – The property is leased to and guaranteed by CVS Health Corporation, an investment grade company with…

Property Description

Las Vegas is the most populous city in the state of Nevada and the county seat of Clark County. Las Vegas is an internationally renowned major resort city known primarily for gambling, shopping, fine dining, and nightlife and is the leading financial and cultural center for Southern Nevada. The city bills itself as The Entertainment Capital of the World, and is famous for its consolidated casino– hotels and associated entertainment. A growing retirement and family city, Las Vegas is the 31st-most populous city in the United States, with a population at the 2010 census of 583,756. The 2010 population of the Las Vegas metropolitan area was 1,951,269. The city is one of the top three leading destinations in the United States for conventions, business, and meetings. Today, Las Vegas is one of the top tourist destinations in the world. The primary drivers of the Las Vegas economy are tourism, gaming, and conventions, which in turn feed the retail and restaurant industries. The major attractions in Las Vegas are the casinos and the hotels. Most of the hotel casinos are in the city's downtown area, which has been the focal point of the city's gaming industry since its early days. Most casinos are downtown on the Fremont Street Experience, The Stratosphere being the major exception. Fremont East, adjacent to the Fremont Street Experience, was granted variances to allow bars to be closer together, similar to the Gaslamp Quarter of San Diego, the goal being to attract a different demographic than the Strip attracts. Venetian Hotel Las Vegas