CVS Pharmacy – Portfolio of 5

- Various Cities FL

LTV (Loan to Value)	65.00%	Current NOI	$200,969,171.00
Interest Rate	4.250%	Capital Rate	5.850%
Fixed Term	10 Years	Land Area	9.22 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$22,360,000.00	Property Type	Retail
Payment	$121,132.64	Property Lease	Drug Store
Bulding Size	56,339 SF	Remaining Terms	13 Years

Location Description

NNN Lenders is pleased to present to qualified investors the opportunity to purchase a fee-simple interest in five (5) long-term CVS Pharmacy locations. The properties are located in three regions across the state of Florida. Each property is 100% leased to and guaranteed by CVS Health Corporation. For the 12 month period ending March 31, 2014, CVS Health Corporation (NYSE: CVS) had total revenue of $128.69 billion, net income of $4.76 billion and a net worth in excess of $38.2 billion. CVS currently holds a Standard & Poor's credit rating of BBB+/Stable.

Highlights

Location – High barriers to entry – These properties are located on irreplaceable signalized hard corners within high density retail…

Property Description

The properties are located in multiple cities throughout Florida.