This property is located on a major retail thoroughfare, near Irving Mall in Irving, TX. The property has 15 tenant spaces in 65,765 sf and is 94.1% leased. The population in a 5 mile radius around the center is estimated to be 198,677 for 2006. Virtually every major national retailer is represented in this sub-market.

INVESTMENT HIGHLIGHTS
• The property has historically maintained a high occupancy level. The current occupancy is 94.1%.
• 74% of the leased space is leased to regional or national credit tenants.
• The property is unencumbered by debt allowing an investor to take advantage of today’s low interest rate environment.
• The average rental rate is only $14.45 per square foot allowing room for upside in rental rates.
• The majority of the tenants are paying a full pass through on Tax, Insurance and Common Area Maintenance.

• The expirations are staggered so that no more than 39% of the tenants expire in any one year.
• The asking price of $11,700,000 results in a price per square foot of $177.91, which is below replacement cost.
• The equity requirement is only $2,340,000 with a 80% loan to purchase price.

Occupancy: 94.1%
Cap Rate: 7.31% (26% of the tenants have scheduled increases in rent)
Cash Return: 7.78%
Terms: All Leases are NNN.
Acreage: ± 7.349 acres
Zoning: S-P-1, C-N (Neighborhood Commercial) by the city of Irving
Year Built: 1968
Foundation: Poured concrete over metal deck
Flooring: The interior floors consists of vinyl flooring, ceramic tile, commercial grade carpet and resilient tile.
Exterior Walls: The exterior walls consist of brick, and glass storefronts windows and doors along the front; and painted concrete along the rear.
Roofing: The buildings have a flat roofing system, consisting of built up assembles with tar and gravel cover.
Age of Roof: The roof is in good maintainable condition and original; except the roof membrane over 99¢ Only which was replaced in 2005.
Interior Finish: The interior walls are metal framed, finished with painted and lightly textured sheetrock. The ceilings are finished with acoustical ceiling tiles on a suspended metal grid system.
HVAC: Supplied by roof-mounted package HVAC units and distributed through the buildings in integrated ducts with individual controls.
Sprinklers: The building has full sprinklers and has a central station monitoring, linked directly to the local fire department.