EXECUTIVE SUMMARY |
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| LOCATION: | Connecticut |
| IMPROVEMENTS: | Single story freestanding retail building completed and occupied in 2003. Constructed of masonry concrete block over structural steel frame, with a Carlisle glass storefront and decorative brick facade on the remaining three sides.. Property consists of 14,490 square feet of net retable area, 100% leased with lease guaranty from Walgreen Co. |
LEASE ABSTRACT | |
| TERM: | 25 years commencing 2003. |
| OPTION: | Ten 5 year options |
| EXPENSES: | All paid by tenant. This is an absolute net lease with no owner responsibility for any expenses. |
| RENT: | $350,000 per annum payable monthly. |
| NET OPERATING INCOME: | $350,000 |
| PRICE: | $4,895,000 Cap 7.15 |
This information has been received from sources deemed reliable but is presented subject to errors and omissions and withdrawal without notice.