Milestone Properties, Inc. - Acquisition Criteria

Acquisition Criteria

Milestone Properties, Inc. is acquiring well-located, non-anchored retail strip shopping centers having the following characteristics:

Stable Cash Flow
Properties priced between $3,500,000 and $15,000,000
Bay depths of 40 to 100 feet
Individual store spaces less than 10,000 sf
Occupancies greater than 90%
Built later than 1980
Single Story
22,000 SF minimum GLA

Properties may be levered, as we are adept at the loan assumption process, but we prefer to place our own acquisition financing. We do not consider properties that are ground leased. Shadow-anchored properties must not be in-line with the anchor, must face the street, and must not have any anchor co-tenancy requirements.

Please provide the following information for each property that you would like us to consider:

Site Plan including location of tenants
Detailed Rent Roll/Lease Summary
Pro Forma
Description of debt to be assumed, if any
Traffic counts
1 and 3 mile demographics
Photos
Area map and aerial photographs, if available

Send all information to:
JOSEPH OTTO
Vice President
Milestone Properties, Inc.
200 Congress Park Drive
Delray Beach, FL 33445
Phone: 561-394-9533 x203
Fax: 561-394-6748
Email: mpinoanchors@aol.com