OFFERING SUMMARY

Elkin Village is anchored by Food Lion, Big Lots and Wachovia. These tenants have strong credit and occupy 72% of the Property's gross leasable area.

Wachovia sits on a ground lease and is included in the sale of Elkin Village.

The asset also offers attractive assumable debt and excellent anchor sales.

SUBMARKET OVERVIEW

Elkin is located in the rolling foothills of the Blue Ridge Mountains approximately 35 miles west of Winston-Salem directly off Interstate 77. The city sits near the border of Virginia and has a population of about 4,000 people.

The Center is well positioned off Interstate 77 on Highway 21 Business, the main retail corridor running north-south through Elkin.