CVS Portfolio of 2 (Zero Cash Flow)

-

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

Location Description

Charlotte is the largest city in North Carolina and the seat of Mecklenburg County. Charlotte is the 16th largest U.S. city with a population of 796,921, making it the largest city within the region. Of the major metro centers in the Southeast, Charlotte has 7.4 million people living within a 100-mile radius, compared to Atlanta's 8.3 million. This radius population well exceeds Miami's 6 million and Memphis' 2.6 million. Alpharetta is an affluent northern suburb of the state capital of Atlanta with a current population of more than 60,000. Alpharetta is a richly diverse city, easily accessible to Atlanta, offering award-winning parks, excellent schools, a multitude of family-friendly festivals and events, unique shopping destinations and a thriving culinary scene.

Highlights

Excellent Locations – Both locations offer high traffic counts and great demographics.NNN Lease – Tenant is responsible for all expenses including roof, structure, taxes, and insurance.Investment Grade Tenant – CVS carries investment grade ratings of BBB+/Stable and Baa1/Stable by S&P and Moody’s.Short Term to Maturity – Initial lease terms expire in less than 9 years, which is a significantly shorter term to maturity than most zero cash flow offerings.16.2 Cap Rate at Lease Renewal – A renewal of both leases by CVS will result in a 16.2 cap rate on stated renewal rent.Low Price Point – Ability to purchase two retail pharmacies at a low average price of $1.95 million or $180/SF.

NNN Loans Funding

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