Veronica Plaza (the "Property") is positioned strategically at the signalized intersection of NJ State Highway 27 (Lincoln Highway) and Veronica Avenue just about two miles south of New Brunswick. The Property has two means of ingress and egress, and two pylon signs near each entrance. Visibility of the center is ample as this center serves the immediately surrounding area. The area's feel is more middle income but clearly changing for the better as new housing construction in the area is focused at a much higher income demographic than many of the older, existing apartment complexes in the immediate proximity to the Property. As the area develops, this asset is well positioned as immediately across from the property is a new 300,000 square foot development, Market Place at Franklin, anchored by Stop N' Shop (under construction). The project includes several buildings of inline space, pad sites and a proposed Home Depot [A description of this development is on the "Area Retail Development" page]. Aside from this new development, located along Lincoln Highway there is a mix of commercial uses and several strip centers. There is ZERO vacancy in the surrounding corridor for small spaces in the competing properties. The strength of this area's demographics attract retailers and continued population growth, yet barriers to entry presented to any new commercial development, will allow an investor to raise asking rents on any vacancy annually.

Veronica Plaza is a 30,604 square foot, 100 percent occupied, unanchored shopping center in the stable market of Franklin Township, Somerset County, New Jersey. The center consists of two detached buildings on a single tax parcel occupied by a mix of national credit tenants and long established local businesses. This property is extremely well positioned in the market at a heavily trafficked, signaled corner with full access. While under the current ownership's management, this center has maintained high levels of occupancy, a testament to the strength of this location and the strong retail fundamentals in this market. Constructed in 1973, this center has seen many recent capital improvements that will defer costly capital improvements well into the future.

This investment is ideal for the investor seeking a hands-on investment with a strong return and sound retail fundamentals in an up and coming market. Every lease has annual rent increases with the exception of 7-Eleven, H & R Block and Wachovia. The surrounding market has ZERO vacancy. A new shopping center development opposite this property will only increase regional and local traffic at this intersection. This center is offered free and clear of existing debt.