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TrustFirst Partners I, LLC
Investment Deal Information
Date: 9/20/10
Deal Name: TrustFirst Partners I, LLC - All Sold
Deal Size: $980,000
Total Lease Income: $81,000
Total Investors: 9
Description Details: This was property is located in Madisonville, TN at intersection of highway 68 and highway 411. This is a property newly completed in 2010.
Tenant: Dollar General Corp.
Lease Term and Description: The original lease term is 15 years with 5 additional 5 year option periods available to Dollar General. Property owner is responsible for the roof, siding and parking lot maintenance. Dollar General reimburses for taxes, insurance and common area maintenance. Lease described as NN (net net).
Investor Current Income Yield: 7.41% (income paid quarterly)
Investment Manager: Donald O. Taylor, Manager of the LLC
IRA/Qualified Pension Eligible: Yes
Audit Firm/Financials: Pugh and Company, CPAs Knoxville TN www.pughcompany.com
The CPA firm conducts an annual audit, produces financials, files the LLC tax return and provides tax documents for investors.
| Author: | Mr. T. |
| Published: | Sep 28th |
| Modified: | Nov 9th |
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