OFFERING SUMMARY

Kannapolis Gateway consists of a brand-new retail and office center located in Kannapolis (Charlotte MSA), North Carolina. The investment is anchored by Pizza Hut, Subway and The ABC Store. The 10,128 square foot center is 100% occupied, offering an investor a stabilized investment with minimal management requirements.

The shopping center is strategically positioned on the main intersection of Kannapolis Parkway and Davidson Highway (Highway 73), approximately one-mile west of Interstate 85. The traffic count in cars per day is 5,400 on Kannapolis Parkway and 30,000 on Davidson Highway (Source: NCDOT 2004). Please note that the opening of the new section of Kannapolis Parkway should significantly increase these numbers.