A Net LeAsed INCOMe PrOPerty fOr sALe JAred

A Net Le ased I nCOM E Prop erty f or sale
JARED - THE GALLERIA OF JEWELRY G o o d l e t t s v i l l e (Na s h v i l l e ) , Te n n e s s e e
Offered For Sale
by
Owners
LESSEE:
Sterling Jewelers, Inc.
Sterling Jewelers is the largest
specialty retailer of fine jewelry in
the United States with over 1,250
stores in 50 states, under the names
Kay Jewelers, Jared-The Galleria Of
Jewelry and a number of regional
names. For the fiscal year ended
January 28, 2006, Sterling reported
a net worth of approximately $1.4
billion, net sales of approximately
$2.4 billion and net income of approximately $148 million.
LEASE:
Triple net lease, including roof,
structure, HVAC and parking lot.
The primary lease term commenced
October 5, 2001 and ends January 31, 2022, with two five-year
renewal options thereafter.
OFFERING PRICE:
$5,562,000
Appraised Value: $5,580,000
Annual Rent: $333,696
Cap Rate: 6.0%
Purchase price and corresponding
initial yield subject to change.
Tenant-in-common interests
are available at a minimum of
$250,000.
PROPERTY:
Land:
Building:
Year Built:
54,542 Sq. Ft.
5,818 Sq. Ft.
2001
LOCATION:
914 Rivergate Parkway
Goodlettsville, Tennessee 37072
AEI file photo
TENANT:
Sterling Jewelers, Inc., conducting business under the trade name of JaredThe Galleria of Jewelry, is the leading U.S. specialty jewelry retailer operating in free-standing locations. The first Jared store opened in 1993 and as
of January 28, 2006, there were 110 stores nationwide. Jared sells upscale
gold, silver, platinum, diamond and gemstone jewelry, watches, collectibles
and gifts. Jared offers a wide selection of merchandise at highly competitive
prices.
ECONOMICS:
Cap rate of 6.0%. On October 5, 2011, and each fifth lease year and renewal option period thereafter, the rent increases by 10%.
BUSINESS AREA INFORMATION:
The property is a free-standing retail building situated on the edge of Rivergate
Mall, which consists of over 1 million square feet of gross leasing area with
141 in-line stores — retailers such as Abercrombie & Fitch, Macy's, J.C. Penney, Waldenbooks and Wilsons Leather. Goodlettsville is a northern suburb
of Nashville, the capital of Tennessee. The property is located approximately
17 miles from the Nashville International Airport and is within close proximity to major highways and interchanges (i.e. I-65, US 41, and US 31E and
31W). The neighborhood is highly-developed with retail, restaurant and
office properties.
Offered For Sale By Owners:
AEI Accredited Investor Fund 2002 Limited Partnership and
AEI Income & Growth Fund 25 LLC
1300 Wells Fargo Place, 30 East Seventh Street
St. Paul, MN 55101
651-227-7333 / 800-234-1031 / 651-227-7705 (fax)
Disclosure documents regarding this property are available upon request only to registered representatives, legal advisors and accredited investors.
3/31/07