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Represent a client that owns an absolute "NNN" leased Rite Aid in the affluent area of Westlake, Ohio.
NOI is $390,000 lease sun sets in 2021 with 8-5 year options. Zero cash flow. All additional cash flow
goes to principle reduction so in 2021 the property will be free and clear. No qualifying assumable loan
to the single asset LLC.
Very passive like an annuity. Just sit back and watch the equity grow. Value is based on an 8.5 cap
rate $4,800,000, debt is $2,700,000, equity $2,100,000. Client will exchange for land, retail, multi-family
office, ??? and a little cash. This is a great estate building tool. Email me direct for more info.
Capital Companies, INC.