OFFERING SUMMARY

The property is a ground lease to Lowes Foods for their gas station concept. It sits on an outparcel to a Lowes Foods supermarket-anchored community oriented shopping center, which serves Little River, Calabash and the surrounding suburbs. This highly visible property is located on a corner at the entrance to the center, and has growing demographics and very good traffic counts and exposure to the primary north-south route along the coastal Carolinas, Highway 17. The Lowes Foods supermarket opened in July 2006, and the shopping center contains 62,623 sq ft.

The property is located seven miles northeast of North Myrtle Beach and approximately 2 miles from Calabash. The ground lease is positioned between US Highway 17 and SC 179 with access to both highways. The traffic count for US 17 is 32,000 vpd and for SC 179 it is 11,200 vpd.

SUBMARKET OVERVIEW

Alex Lee, Inc. (Parent) Guarantee.

Lowes Food Stores, Inc. Lowes Food Stores operates a chain of 110 supermarkets in North and South Carolina and Virginia. The stores offer traditional supermarket fare, including fresh meat. Seafood, deli and bakery departments, in addition to natural foods and supplements. Founded in 1954 as a single store in Wilkesboro, North Carolina, Lowes Food Stores is now owned by food distributor Alex Lee, Inc. The property is located seven miles northeast of North Myrtle Beach and approximately 2 miles from Calabash. The ground lease is positioned between US Highway 17 and SC 179 with access to both highways. The traffic count for US 17 is 32,000 vpd and for SC 179 it is 11,200 vpd.