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Description:

Kingwood  Commons is a brand new 100% occupied double net leased shopping center shadow anchored by a new Wal-Mart Supercenter. It is 100% leased to national credit tenants; construction completed on 7/16/2009. All rents have commenced with brand new 5 year lease terms at below market rents offering future upside. The tenants reimburse all expenses including a built-in management fee although the investment requires very little  management. The site is located at a signalized intersection on Kingwood's main retail corridor.

The area benefits greatly from being part of the Morgantown, WV MSA and Pittsburgh, PA (DMA). Morgantown is home to WVU and has been featured recently on CNN for its continued growth during the recession and its extremely low unemployment rate of 3.9%. Kingwood also benefits from being home to one of the country’s premier homeland security  training facilities in the nation; Camp Dawson Military Base. It will be the site for the country’s first comprehensive homeland defense facility. It will serve not only the National Guard, but also the training needs of other federal agencies such as the Department of Homeland Security and the Department of Defense for emergency responders and other state and local agencies.

Tenants

Dollar Tree (8,000 s.f.)

Rent-a-Center (4,638 s.f.)

GameStop (1,400 s.f.)

U.S. Cellular (1,000 s.f.)

Subway (1,400 s.f.)

Investment Highlights:

Brand new "Class A" shopping center

Wal-Mart Supercenter shadow anchored

100% occupied by national credit tenants

Below market rents

Tenants reimburse for all expenses including management fee

Very little management required

Community Features:

Located at a signalized intersection

Morgantown MSA

Signalized intersction on city's main retail corridor

Financing Summary:

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