OFFERING SUMMARY

The Shops at Innes Street consists of a brand-new small retail center located in Salisbury, North Carolina. The investment is anchored by Suncom, Radio Shack and FedEx / Kinko's. The 6,971 square foot center is 100% occupied, offering an investor a stabilized investment with minimal management requirements.

The Shops at Innes Street is a newly constructed center which will be at full occupancy and rent by January 1st 2009. The property offers economic stability and security to an investor due to its new development, 100% occupancy rate and full-term leases with options included.

SUBMARKET OVERVIEW

Rowan County is centered in the triangle of North Carolina's three interstates and offers immediate access to the Interstate 85 Boom Belt, and Interstates 77 and 40. Located halfway between the exploding Charlotte Region and the vibrant Piedmont Triad area, the region has easy access to three major international airports, 13 regional airports and 2 modern deep-water ports.

Rowan County offers some of the lowest personal/property taxes and land/construction costs in the Southeast, and maintains a diversified industrial/economic base. The county has a strong pro-business atmosphere and is the birthplace of both the Food Lion grocery store chain as well as Cheerwine soft drink.