Summary

Vineyard Marketplace, a 121,228 square foot shopping center, is centrally located in the Dallas / Fort Worth Metroplex in Grapevine, Texas.  At the time of acquisition, the center was 87.5% occupied.  The anchor tenant, Hobby Lobby, occupies 51% of the center under a long term lease.  The combination of twenty tenants and the anchor lease are expected to provide stability to the income stream.  This Hobby Lobby location is one of 381 stores throughout 30 states stretching from Florida to Colorado. This retailer is privately held and is headquartered in Oklahoma City, Oklahoma.

The city of Grapevine has a population of 47,599.  The area is an attractive setting for both business and leisure visitors, located within two miles of the D/FW International Airport.  The city is just 21 miles northwest of Dallas and 19 miles northeast of Fort Worth, providing convenient access to big city amenities.  Grapevine offers an attractive balance of residential, retail and office development.