WALGREENS is considered to be the epitome of quality net-leased investments. The income stream is guaranteed by the credit of this “A+” rated company. At the end of the 20 year primary term of the lease, there are usually six (6) options to renew for additional terms of five (5) years each. Most WALGREENS' leases include “percentage rent” clauses in which additional rent would be payable to the landlord if sales exceed a pre-determined level. The investor’s only responsibility is the integrity of the roof and structure.

OFFICE DEPOT is the world’s largest seller of office products and an industry leader in every distribution channel, including stores, direct mail, contract delivery, the Internet and business-to-business. OFFICE DEPOT operates 1003 stores of which 822 are in the U.S. The company has over $11 Billion in annual sales. Leases for this tenant often include either contractual increases in rent or “percentage rental” clauses. Typically, the investor’s only responsibility is roof and structure.

CVS Corporation is the largest pharmacy dispensing company in America based on number of stores (almost 4,200) and number of prescriptions filled. It is #2 behind Walgreens in gross revenue with more than $22 Billion in the past year. CVS leases are typically for a primary term of 20 years with some as long as 22 years to allow for more favorable financing. Most leases either provide for fixed rental increases or percentage rent.