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Eckerd Drug

This property is leased to Eckerd Drug (Jean Coutu Group) as tenant under a 20 year absolute NNN Net Lease with no landlord responsibilities.

Location:	Raleigh, NC
Size:	13,813 square feet on 1.84 acres
Lease Term:	20 years absolute NNN Lease from 6/2005 with 4/5 year options.
Rent:	$386,770 year 1-20 with $.50 increases every five year option.
Price:	$5,729,926
Cap Rate	6.75%
Comments:	High traffic intersection in upscale market.
Location	Location map
Site Analysis	Demographics - Average HHI of approximately $77K with 16,000 cars per day.