Sports Authority Master Lease

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LTV (Loan to Value)	0.00%	Current NOI	$0.00
Interest Rate	0.000%	Capital Rate	0.000%
Fixed Term	9.25 Years (approx) Years	Land Area
Amortization	Years	Lease Type
Loan Amount	$0.00	Property Type
Payment	$0.00	Property Lease
Bulding Size	0 SF	Remaining Terms

Location Description

The Property is exceptionally well located within the 310K SF Foothills Park Place shopping center on the northeast corner of Ray Road and 48th Street. This center is currently 99% occupied and additional tenants include JCPenney, Goodwill, Sherwin-Williams, Chase, UPS, Wendy's, FedEx, Mattress Firm and Jack in the Box. The Property is positioned in the major retail trade area of metropolitan Phoenix that includes over 16.5 million square feet of existing retail space, with additional developments currently under construction or planned. There are no less than 17 distinct shopping centers within approximately 15 miles of the Property. The area immediately surrounding the Property has seen tremendous growth recently, ranking among the fastest-growing municipalities in the country. It is a prominent region that has and is continuing to attract both residents and businesses alike. The Phoenix MSA is the 14th largest in the nation with approximately 4.2 million people, averaging annual growth of 4% for the last 40 years. The economy of the MSA has followed a similar trend as GDP grew roughly 4.5% from 2012 to 2013 with job growth that is currently outpacing the nation.

Highlights

Absolute NNN Lease Structure – Master leased Property has zero landlord responsibility through the base lease term and all option…