Vitamin Shoppe Triple-Net Lease (NNN) Loan Funded

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LTV (Loan to Value)	0.00%	Current NOI
Interest Rate	4.050%	Cap Rate	0.000%
Fixed Term	10 Years	Land Area
Amortization	300 Years	Lease Type
Loan Amount		Property Type
Payment		Property Lease
Building Size		Remaining Terms

Location Description

Oklahoma City is the capital and largest city of the State of Oklahoma. The county seat of Oklahoma County, the city ranks 27th among United States cities in population. The population grew following the 2010 Census, with the population estimated to have increased to 610,613 as of July 2013. As of 2013, the Oklahoma City metropolitan area had a population of 1,319,677, and the Oklahoma City-Shawnee Combined Statistical Area had a population of 1,390,835 residents, making it Oklahoma’s largest metropolitan area. Oklahoma City’s city limits extend into Canadian, Cleveland, and Pottawatomie counties, though much of those areas outside of the core Oklahoma County area are suburban or rural (watershed). The city ranks as the eighth-largest city in the United States by land area (including consolidated city-counties; it is the second-largest city in the United States by land area whose government is not consolidated with that of a county).

Highlights

Excellent Tenant - As of June 28, 2014, The Vitamin Shoppe Industries, Inc. reported total revenues of $1.14 billion, a net income of $64.9 million, a net worth in excess of $575 million. The Vitamin Shoppe has seen a 14% increase in gross revenue year over year, with plans to open 60 locations by the end of 2014. Lease Term & Rent Increases - Brand new ten (10) year lease with two (2), five (5) year renewal options and 10% rent increases every five (5) years. Strong Demographics - The subject Property features an average household income of $76,772 within a five-mile radius. Surrounding Retail - The subject Property is located within a retail corridor with nearby tenants including Macy’s, Dillards, Sears, JCPenney, Ross, Ulta, Office Depot, UPS, and IHOP among many others.

NNN Loans Funding

Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.