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<b><font size="4" color="#800000">WALGREENS
<a href="http://yossideals.com">NNN Investment</a> Cap rate 8.70%
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<td valign="top" width="203"> located in Conway, SC<p>
<a href="http://yossideals.com">
<img src="http://yossideals.com/site/images/Walgreens_1_thumbnail.jpg" style="border: medium none;"></a></p>
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<ul>
<li>25-Year Absolute Net Lease with 18 Years Remaining
and Five Five-Year Options</li>
<li>Standard & Poor's A+ Rated Credit Tenant</li>
<li>Property is Across from Belk, Kmart and Dollar
General Anchored Shopping Center</li>
<li>Main Intersection with Traffic Counts of 55,000
Vehicles Per Day <br>
<br>
<br>
</li>
</ul>
<p align="right">
<span style="font-size: small; color: rgb(128, 0, 0);"><b>
Price/Cap Rate: <a href="http://yossideals.com">
$3,000,000/8.70%</a></b></span></td>
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<a href="http://yossideals.com">
<img src="http://yossideals.com/site/images/Walgreens_Small_.jpg" style="border: medium none;"></a><br>
<br>
<br>
This investment offering consists of the leasehold interest in a
14,490-square foot Walgreens location on a large 1.79- acre parcel in
Conway, South Carolina MSA. Conway is the county seat of Horry County in
Coastal Carolina and part of the Grand Strand. It is estimated that the
daily population in the area averages more than three times that of
permanent residents with the number climbing much higher during peak
tourist season.<br>
<br>
Walgreens has a 25-year absolute net lease which commenced in April 2003
and has 18 years remaining on the base term and five five-year options.
Walgreens is a Standard & Poor's A+ rated credit tenant and number 36 on
the Fortune 500 list. The property is subject to a ground lease with
terms that coincide with those of the <a href="http://yossideals.com">
Walgreens</a> lease.<br>
<br>
The property is located on a major commercial intersection with traffic
counts of <a href="http://yossideals.com">55,000 vehicles</a> per day.
It is adjacent to Applebee's and Chic-Fil-A and across from a Belk,
Kmart and Dollar General anchored shopping center. It is an outparcel to
a proposed shopping center.<br>
<br>
Walgreens is located on Church Street (Highway 501) one of the main
arteries running through the area.<br>
<br>
<br>
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<span style="font-size: medium; color: rgb(128, 0,
0);"><b><a href="http://yossideals.com">Deal Summary</a></b></span></td>
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<td nowrap="nowrap" valign="bottom" width="163">Property
Location</td>
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<p align="right">Conway South Carolina</td>
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<td nowrap="nowrap" valign="bottom" width="163">Price</td>
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<p align="right">$3,000,000</td>
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<td nowrap="nowrap" valign="bottom" width="163">Nol</td>
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<p align="right">$261,000</td>
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<td nowrap="nowrap" valign="bottom" width="163">Year
Built</td>
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<p align="right">2003</td>
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<td nowrap="nowrap" valign="bottom" width="163">Rentable
SF</td>
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<p align="right">14,490</td>
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<td nowrap="nowrap" valign="bottom" width="163">Land
size</td>
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<p align="right">1.79 Acres</td>
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<td nowrap="nowrap" valign="bottom" width="163">Lease
Commencement Date</td>
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<p align="right">13-Apr-03</td>
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<td nowrap="nowrap" valign="bottom" width="163">Rent
Commencement Date</td>
<td nowrap="nowrap" valign="bottom" width="140">
<p align="right">13-Apr-03</td>
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<td nowrap="nowrap" valign="bottom" width="163">Lease
Expiration Date</td>
<td nowrap="nowrap" valign="bottom" width="140">
<p align="right">18 Years</td>
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<td nowrap="nowrap" valign="bottom" width="163">Lease
guarantor</td>
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<p align="right">Corporate Guarantee</td>
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<td nowrap="nowrap" valign="bottom" width="163">Lease
Type</td>
<td nowrap="nowrap" valign="bottom" width="140">
<p align="right">Absolute Net</td>
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<td nowrap="nowrap" valign="bottom" width="163">Lease
Term</td>
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<p align="right">25 Years</td>
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<td nowrap="nowrap" valign="bottom" width="163">Option</td>
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<p align="right">Five 5-Year Options</td>
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<td nowrap="nowrap" valign="bottom" width="163">Current
Cap Rate</td>
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<p align="right">8.70%</td>
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<p align="center"><span style="color: rgb(128, 0, 0);"><strong>
<span style="font-size: medium;">Highlight Investment</span></strong></span></p>
<p align="center"> </p>
<ul>
<li>25-Year Absolute Net Lease with 18 Years Remaining and
Five Five-Year Options</li>
<li> Standard & Poor's A+ Rated Credit Tenant</li>
<li> Property is Across from Belk, Kmart and Dollar General
Anchored Shopping Center</li>
<li> Additional Area Retailers Include Rite Aid, Applebee's,
Chic-Fil-A, UPS, Arby's and Rent-a-Center</li>
<li> Main Intersection with Traffic Counts of 55,000
Vehicles Per Day</li>
<li> Large 1.79-Acre Parcel </li>
</ul>
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