Subject property includes an 13,813SF single story, free-standing, attractive all brick retail property, originally built for Eckerds and re-branded as a Rite Aid Pharmacy upon their acquisition. Asset is secured by a 20yr, absolute NNN lease with zero landlord maintenance responsibilities. The lease currently has 9.5 years remaining on the initial fixed term, followed by four 5yr lease options, each with rent increases. The lease is guaranteed by Rite Aid Corp., one of the largest retail pharmacies in the country with a market capitalization of nearly $8B. The property is currently subleased to Goodwill. It was announced recently that Rite Aid will be acquired by Walgreens. The closest Walgreens to the property is 9 miles away. The subject property is ideally situated at a prominent high traffic corner with excellent exposure and access. It is located in the areas major retail trade corridor with numerous national tenants in the immediate vicinity. Asset affords a passive investor the opportunity to acquire a quality net leased investment in a fantastic location providing significantly above market returns for nearly a decade, and the potential for tremendous long term upside.

Location Description:

Subject property is located on the SW corner at the signalized intersection of Elon Rd. & Amherst Hwy., the areas major north-south thoroughfare and retailer corridor. The property has tremendous visibility and excellent ingress/egress off of both streets at the corner. Madison Heights is a suburb of Lynchburg, located 3 miles north of downtown. It has a direct population of approximately 13,000 people, but as part of the Lunchburg MSA that number swells to nearly 300,000 people. Lynchburg is the fifth largest MSA in Virginia. Lynchburg features a skilled labor force, low unemployment rate, and below average cost of living. Of Virginia's larger metro areas, Forbes Magazine ranked Lynchburg the 5th best place in Virginia for business in 2006, with Virginia being the best state in the country for business. Industries within the Lynchburg MSA include nuclear technology, pharmaceuticals and material handling. A diversity of small businesses within the region has helped maintain a stable economy and minimized the downturns of the national economy. Reaching as high as 1st place in 2007, Lynchburg has been within the Top 10 Digital Cities survey for its population since the survey's inception in 2004.

Highlights:

>> Absolute NNN Lease; Zero LL Maintenance Responsibilities; 20 Year Lease, 9.5 Years Remaining

>> Located At Prominent Signalized Intersection Along Main Thoroughfare; Directly Across From Grocery Anchored Center; Dominant Retail Trade Area

>> Fantastic Visibility & Ingress/Egress From Both Bordering Streets

>> Aesthetically Appealing All Brick Construction; Newer Prototype Building

>> Lease Guaranteed By Rite Aid Corp.; Market Cap Of $8.86B; Recently Announced Acquisition By Walgreens

>> Currently Subleased To Goodwill; Above Market Returns For A Decade; Closest Walgreens Is 9 Miles Away- Potentially Huge Upside

>> Lynchburg MSA- 300,000 People

Sales Info:

>> Commision split: 1.25%