In this day and age, it is already Cistus Ladanifer undeniable that gasoline prices tend to increase drastically. Thus, people tend to look for ways on how they can save money while driving efficiently. One very effective alternative to Louer Appart Hlm ordinary gas Calculator Money Saving which you can consider to get rid of the skyrocketing prices of gasoline is the hybrid type of How Does A Motor Work As a matter of fact you can surely be satisfied on the benefits that you can get 1300 The Zone such type of cars.

Hybrid cars refer to cars which are using combination of various technologies. Such cars make use of the gas propulsion Abbigliamento Sportivo Taglie Forti along with another kind of propulsion system which is electric. The basic parts of hybrid cars are somewhat just the same as that of the parts of ordinary gas cars like the batteries, fuel tank, gasoline engine, and transmission. The major difference of ordinary gas cars and hybrid cars is the fact that the latter use electric motor or generator with the gasoline engine just to run the transmission. There are actually lots of benefits which the popular hybrid cars can offer unconditionally.

Here are some of the benefits you can get from a hybrid car:

1. It can lower down your consumption on fuel. It is true that you Health Food Store In also have to use gasoline when it comes to hybrid cars. However, at the end of the day, you will be surely amazed on how seldom you're going to drop by on your favorite gasoline station just to fill your car's tanks. And this can actually result to a lot of savings on your part.

2. The wasted energy is lesser with the use of hybrid cars. If truth be told, the gasoline engine is the one which serves as the power source of any kind of cars. Nevertheless, hybrid cars tend to utilize more the electric motor. Hence, the gasoline engine of hybrid cars will only be used at times when it is deemed to be necessary. Furthermore, the hybrid type of cars has so many added features which can help in reprocessing wasted energies that can still be used in the car's operation.

3. Hybrid cars also do have lesser emissions compared to the ordinary gas cars. This is due to the fact that electric motors do not emit harmful emissions unlike gasoline engines. Thus, hybrid cars are believed to be more eco-friendly than the usual gas cars.

4. Hybrid cars have lower deterioration possibilities. This is because such cars are strongly built by car manufacturers. Thus, hybrid cars only require slighter maintenance and repair.

5. Aside from that, hybrid cars can also Caribbean Planner Vacation you government assistance which can surely be of Entrega Flor Pequeno Precio help on your part. Once you buy hybrid cars, you can get credits on federal taxes and other state's benefits and privileges.

Therefore, it is now safe to say that the benefits which you can get from a hybrid car are truly outstanding. Some of these benefits are the things mentioned above. And as you can notice, the hybrid cars do not only benefit people but the environment as well.

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There are 3 major drugstore chains in the US: Walgreens, CVS, and Rite Aid. The table below ranks the companies by market capitalization and sales as Blank Key Motorcycle January 2007:

1. Walgreens ranks number 1 with market cap of $46.0B, $50.5B in revenue, 5611 stores and S&P rating of A+.
2. CVS ranks number 2 with market cap of $27.2B, $44.5B in revenue, 6191 stores and S&P rating of BBB+.
3. Rite Aid ranks number 3 with market cap of $3.2B, $17.3B in revenue, 3329 stores and S&P rating of B+. On June 4, 2007, Rite Aid completed acquisition of 1850 Eckerd & Brooks drug stores from Jean Coutu Group. So now it has annual revenues of more than $27B and 5160 stores in 31 states and District of Columbia.

Investors purchase properties occupied by these drugstore chains for these reasons:

1. The drugstore business is considered recession-proof. People need medicine when they are sick, regardless of the state of the economy. Both rich and poor people in the US have access to medicine. Some even argue that low-income people use more medicine because they get them for free from government programs.
2. The drugstore business has a good prospect in the US:
   • People are living longer and need more medicine to help them live longer. Older people tend to use more medicine than younger ones. As the 78 million baby boomers are getting closer to retiring age starting from 2008, the drugstore chains anticipate the demand for medicine to increase in next 20 years.
   • The US population will continue to grow, and so the market will get bigger.
   • There are Bowl Pro Vince Young drugs to treat old or previously untreatable illnesses, and new diseases, e.g. Viagra, Zoloft for depression, Avastin for colon cancer, Herceptin for breast cancer, Nicotine patches for smokers to kick the habit, Tamiflu for a potential Bird Flu pandemic, Tekturna/Rasilez for hypertension and various new drugs for AIDS and Attention Deficit Disorder (ADD). The new medicines are very expensive, e.g. a year's supply of Avastin costs about $55,000. Eli Lilly has sold about $4.8 billion of Zyprexa in 2007 for schizophrenia and yet most people have never heard of this medicine.
   • Technology and modern life introduce and require new products, e.g. pregnancy Body Wrapper Skating Dress kits, diabetic monitors, electronic toothbrushes, contact lenses, lenses cleaners, diet pills, vitamins, birth-control pills, IUDs, nutrition supplements and Cholesterol-lowering pills (Americans spent nearly $26B in 2006 on Cholesterol medications alone per IMS Health, a Connecticut-based consulting company that monitors pharmaceutical sales.) There are also more surgeries: C-sections, Kidney transplants, open-heart triple by-pass, and breast augmentations. More surgeries mean more medicines needed: potent pain killers, and Warfarin to prevent blood clots in surgeries.
   • Before the customers can get to the medicine aisles or pharmacy counters, they have to pass by chocolates, sodas, digital cameras, watches, toys, dolls, wines, cosmetics, video games, flowers, fragrances, etc. As a result, customers buy more than their prescriptions and medicine in these drugstores. CVS reported that non-pharmacy sales represented 30% of the company's total sales in January of 2007. The figure for Walgreens is 34%.
3. These companies sign very long-term, NNN leases, guaranteed by their corporate assets. This makes the investment in the underlying property fairly low risk, especially for Walgreens with an A+ debt rating. In fact, these properties are sometimes referred to as investment-grade properties. Once the drugstore chains sign the lease, they will Tennessee Tuxedo the rent no matter what. The authors are not aware of any properties leased by one of these drugstore chains in which the tenants failed to Latitude Longitude Mapquest rents. Even when the stores are closed due to weak sales (Walgreens closed 119 stores last quarter), these companies may sublease to another company and continue to pay on the main lease.

Walgreens: Walgreen Company was founded in 1901 by Charles Walgreen, Sr. in Chicago. While the company has existed for more than 100 years, most stores are only 5-10 years old. The company plans to open 500 new stores in 2007. This is the best managed company among the three drugstore chains and also among the most admired public companies in the US. Due to its superior financial strength and premium locations, properties with leases from Walgreens get the highest price per square foot among the 3 drugstore chains. In addition, Walgreens gets a flat rent or very low rent increase for 20 to 30 years. The cap rate is often in the 5% range for properties in California and up to 6.5% outside of California. Investors who buy properties leased by Walgreens look for a safe investment. They often compare the returns on their investment with the returns from US treasury bonds or Certificate of Deposits from banks.

CVS Pharmacy: CVS Corporation was founded in 1963 in Lowell, MA by Stanley Goldstein, Sidney Goldstein, and Ralph Hoagland. The name CVS stands for "Consumer Value Stores". It now has close to 6,200 stores in the US, mostly through acquisitions. In 2004, CVS bought 1,200 Eckerd Drugstores mostly in Texas and Florida. In 2006, CVS bought 700 Savon and Osco drugstores mostly in Southern California. It is also buying Caremark, the largest pharmaceutical services company. When CVS bought 1,200 Eckerd stores, it formed a single-entity LLC to own each Eckerd store. Each LLC signs the lease with the property owner. In the event of a default, the owner collects only from the assets of the LLC and not from any other CVS-owned assets. Although the owner loses the security from CVS corporate assets, the authors are not aware of any incident where CVS closes a store and does not pay rent.
Rite-Aid: Rite Aid opened its first store in 1962 as "Thrif D Discount Center" in Scranton, Pennsylvania. It officially incorporated as Rite Aid Corporation in 1968. Rite Aid is the weakest financially among the 3 drugstore chains. It had serious financial problems just a few years ago. However, the worst seems to be over. Rite-Aid is acquiring (as of Feb 07) about 1,850 Brooks and Eckerd drugstores, mostly along the East coast to catch up with Walgreens and CVS. After the acquisition, Rite-Aid will have about 5,000 stores and nearly $27 Billion in revenues.

Do's and Don'ts:

If you are interested in investing in a property leased by drugstore chains, here are a few things you should consider:

1. If you want a low risk investment, i.e. you want a "bullet-proof" investment, go with Walgreens. The degree of safety is the same whether the property is in California where you get a 5% cap or Texas where you may get a 6.5% cap. So, there is no significant advantage to invest in properties in California.
   
2. If you are willing to take more risk, then go with Rite-Aid. Some properties outside of California may offer up to 8% cap rate.
   
3. All 3 drugstore chains have similar requirements. They all want highly visible, standalone, rectangular property around 12,000 - 14,000 SF on a 1.5 - 2 acre lot, preferably at a corner with about 75 - 80 parking spaces in a growing and high traffic location. They all require the property to have a drive-thru. Hence, you should avoid purchasing an inline property, i.e. not standalone and property with no drive-thru, as there is a chance that these drugstores may not want to renew the lease. In addition, if you acquire a property that does not meet the new requirements, for example a drive-thru, you may have a problem getting financing as lenders are aware of these requirements.
   
4. If the pharmacy is opened 24 hours a day, it is in a better location. Drugstore chains do not open the store 24 hours day unless the location draws customers.
   
5. Some properties may have a percentage lease. If so, you want to determine the store's sales figures. Of course, you want to invest in a location where the store's sales are higher than the average for that drugstore chain.
   
6. Many properties have an Boat Hunter Sail Sale Used loan that the buyer must assume. If you have a 1031 exchange, do not buy this property. Should you fail to assume the existing loan (because assuming an existing loan is a lot more difficult than getting a new loan), you may run out of time for a 1031 exchange and have to send a big check to the IRS.
   
7. About 10% of the drugstore properties for sale and typically CVS pharmacies allow an investor to down less than 15% of the purchase price but require the investor to assume an existing fully-amortized loan with zero cash flow. That is, all of the rent paid by the Charles Vlasic must be used to pay down the Live Pakistan Tv The cap rate may be in the 7% range, and the interest rate on the loan could be in the 5.5% to 6% range. Hence, the investor pays off the loan in 10 to 20 years. However, the investor has no positive cash flow during the year, which forces him to pay income tax on any rental Tummy Tubs (the difference between the rent, mortgage interest and other operating costs) from outside sources and not from the property's rental activity. The longer you own the property, the more outside cash you will need to pay income taxes as the mortgage interest will get less and less toward the end. So who would buy this kind of property?
   
   • The misinformed investors who failed to consider that they have to raise additional cash to pay income taxes.
   • The investors who have rental losses from other properties. By acquiring this zero cash flow property, they may offset the income from the drugstore tenant against the rental losses from other properties. For example, a property has $105,000 of rental profits a year, and the investor also has rental losses of $100,000 from other properties. As a result, the combined profits are only $5,000.
   • The investors who are motivated by a low down payment and high cap rate.

Disclosure: The investment strategy and information presented in this article should not be construed to be formal financial planning advice or the formation of a financial manager/client relationship. The authors intend to provide information to the general public based on our recommendations of investment strategies and is not designed to be representative of your own financial needs. Please do not make any decisions about an investment strategy without consulting with a qualified professional.

To ensure compliance with requirements imposed by IRS Circular 230, we hereby inform you that the Ford Auto Part Federal tax advice contained in this article is not intended to be used nor has this article been written to be used, and it cannot be used, by any taxpayer for the purpose: Kyocera Slider Ringtone avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. No tax advice is being given by this article for any specific transaction.

If you desire advice about any particular transaction, then please consult a professional tax advisor.

David V. Tran is the President and Chief Investment Advisor of eFunding Inc., a commercial real estate & loan brokerage, property management & leasing, and TIC company in San Jose, CA. His website is http://www.efundingcom.com. He may be contacted at (408) 288-5500. eFunding does business in all 50 states. He is selected as Pensco Trust's (a major self-directed IRA custodian) Preferred Professional and is the #1 US commercial real estate expert author. David currently offers 3 FREE real estate investment seminars:

1. How to invest in commercial real estate for retirement income NOW.
2. How to maximize cash flow with 1031 tax-deferred exchange.
3. TIC: Fractional ownership in high-value commercial properties.

You are welcome to share this report, unedited and in its entirety, with anyone you like. You may not remove this text. 2007-2008 eFunding, Inc