NNN CALEDON WOOD, LLC

Available for §1031 exchange w llc investment

Offering Purchase Price: $26,015,000

Offering Price Per SF: $74.70

  • Purchase Date: Fourth Quarter, 2005
  • Offering LTV: 66.02%
  • Offering Price Cap Rate:5.93%
  • 1st Year Cash Flow: 6.25%

Caledon Wood is a 350-unit multi-family housing community located in Greenville, South Carolina. Construction was completed in 1996.The Property is 97% occupied and consists of 1-, 2- and 3-bedroom units in 15 two-story apartment buildings plus a separate clubhouse and fi tness facility.

Available for §1031 exchange w llc investment

Please see the Confi dential Private Placement Memorandum for additional information and risk disclosures about investment in this property. This material has been prepared for informational purposes only; it is not intended to provide and should not be relied upon for accounting, legal or tax
advice.

Property Summary

Caledon Wood is a 350-unit multi-family housing community located in Greenville, South Carolina. Construction was completed in 1996. The Property is 97% occupied and consists of 1-, 2- and 3-bedroom units in 15 two-story apartment buildings plus a separate clubhouse and fi tness facility.Please see the Confi dential Private Placement Memorandum for additional information and risk disclosures about investment in this property.

TIC Offering

  • Offering Size: $8,840,000
  • Price Per 1% Ownership: $88,400 equity: $171,750  and assumed debt
  • Minimum Investment per SPE: 3.00% =$265,200 equity and $515,250 assumed debt for a total purchase price of $780,450
  • Suitability: Accredited Investors Only

LLC Offering

  • Offering Size: $88,400
  • Price Per Unit: $5,000
  • Minimum Investment: $25,000
  • Suitability: Accredited investors only
NNN CALEDON WOOD, LLC
NNN CALEDON WOOD offerings

Business Plan

NNN CALEDON WOOD, LLC
  • It is the intent of the Master Tenant to provide stable cash flow with potential for capital appreciation through a Master Lease agreement.
  • Maintain the high occupancy that currently exists in the property and increase rental revenues through aggressive marketing while controlling operating expenses.
  • Make monthly distributions to investors from the rent derived from the master lease.
  • Market the property for sale in approximately 5-10 years to realize potential capital appreciation, subject to then current market conditions and terms of the Master Lease.
  • There is no guarantee that the business plan will be successfully executed the property’s value will be enhanced or the property will be sold in the time period described above.
  • No assurance can be given that the rent will be paid during the entire term of the Master Lease.
  • Overbuilding of multi-family units in many areas of the nation has materially and adversely impacted the vacancy rate and economic performance of many properties.

UNIT INFORMATION

  • Pets welcome
  • Walk-in closets
  • Decorator mini-blinds
  • Central heat and air conditioning
  • Garbage disposal
  • Frost-free refrigerators
  • Private patios/balconies
  • Dishwashers
  • Smoke alarms
  • Washer/dryer connections

COMMUNITY AMENITIES

  • Business center
  • Laundry facilities
  • 24-hour emergency maintenance
  • Outdoor grills
  • Tennis courts
  • On-site management
  • Two resort style outdoor pools
  • Mountain views
  • Stand alone fi tness center

Location Information

Greenville is located in the northwestern corner of the state of South Carolina. Greenville and the surrounding areas, situated at the foothills of the Blue Ridge Mountains, are commonly referred to as the Upstate. Located off one of the busiest interstates in America, in one of the most rapidly growing areas of the country and the fastest in the state, Greenville stands out as a leader in today’s economy. Home to international headquarters of many of the most recognizable industries with a strong local workforce, it is a city poised to become even more of a leader in the 21st century economy.

APARTMENT MARKET

  • Greenville County is home to over 350,000 people with approximately 56,000 people living within the City of Greenville.
  • Demand for multi-family housing is expected to increase in the Greenville/ Spartansburg MSA due to the expected addition of 5,000 new jobs at the BMW plant and 450 new employees at Walgreen’s $150 million distribution center.
  • The  Greenville/Spartanburg market maintained a 12.6% vacancy rate with average rents equal to $569 per unit.
ECONOMIC TRENDS
  • The population within the Greenville area grew by 18% between 1990 and 2000 and is expected to grow by 5.8% between 2004 and 2009.
  • There is a high concentration of international business in the Greenville/ Spartanburg MSA, including more than 240 foreign-owned companies from 23 nations.

ABOUT Triple Net Properties, LLC

Triple Net Properties, LLC has time-tested experience in real estate syndications, acquisitions, development, construction, leasing and property management. Triple Net currently manages a growing portfolio of over 25.1 million square feet of property in 23 states valued at over $3.1 billion.
Although past performance is no guarantee of future results, Triple Net Properties, LLC has an unparalleled track record and has acquired 159 properties to date. Triple Net and affi liates have sold 47 properties valued at over $685 million since 2000.

1551 N. Tustin Avenue w Suite 200 w Santa Ana w California w 92705 (877) 888-7348 w www.1031NNN.com Securities Offered Through NNN Capital Corp., Member NASD/SIPC 4 Hutton Centre Drive w Suite 700 w South Coast Metro w California w 92707 w (714) 667-8252 November 14, 2005