The Rite Aid is situated at the southeast corner of Sandy Plains Road Northeast and Scufflegrit Road Northeast in Marietta, Georgia. The subject property is located at a signaled intersection across from a Publix anchored shopping center. Situated along Sandy Plains Road are a number of retail nodes. West of the subject property at the intersection of Sandy Plains Road and Canton Road are Magnolia Square, a 6,400 square foot center with U.S. Postal Service Office and Harris Jewelers; Sandy Plains Connection, a 50,000 square foot center anchored by Tuesday Morning and Canton Road Plaza, a 90,000 square foot center anchored by Big Apple Supermarket. Approximately three miles north of the subject property at Shallowford Road is Highland Plaza, a 255,000 square foot center anchored by Publix, The Home Depot and Office Depot, as well as Sandy Plains Centre, a 130,000 square foot center with Kroger. Marietta is a city located in central Cobb County, Georgia and is its county seat. As of the 2000 census, the city had a total population of 58,748, making it one of metro Atlanta's largest suburbs. Census estimates of 2005 indicate a population of 61,261. Marietta is the third-largest of three principal cities (by population) and is included in the Atlanta-Sandy Springs-Marietta, Georgia metropolitan statistical area, which is included in the Atlanta-Sandy Springs-Gainesville, Georgia-Alabama (part) combined statistical area.

Located just 15 miles northwest of Atlanta and just south of the North Georgia Mountains is the city of Marietta. Marietta serves as the county seat in the center of Cobb County, Georgia. There is easy access to all points in Marietta via Interstate 75, U.S. Highway 41 and many state routes.

This property sits in the heart of the Marietta-Roswell retail corridor along Sandy Plains Road, a main east/west four lane arterial in Cobb County just north of Atlanta. Located at a signaled intersection across from a Publix anchored shopping center, this property is well positioned for long term success given the immediate residential area, high traffic count of 34,000 vehicles per day and easy access and visibility.

In an uncertain real estate environment and with a tenant that has less than good credit, this investment offers the certainty of a great location, excellent traffic counts, great demographics with a growing and vibrant local economy. Marietta has gown significantly in the last 15 years, as has much of Cobb County. Retail vacancy rates are still very low and there is no vacancy across the street at the Publix anchored center.

This property has a 20 year non-recourse, self-amortizing loan in place. The original amount was $1,679,000 at an interest rate of 5.8% with a 1% assumption fee. The prepayment penalty is equal to yield maintenance or 1%, whichever is greater.