The subject property is a freestanding hhgregg appliance store located in North Charleston, South Carolina. The site is along Rivers Ave. the main commercial artery which runs parrallel to Interstate 26. Directly across the street is a Target, Babies R Us, Bed Bath & Beyond, Ross, Office Depot, David’s Bridal anchored power center. Within a few blocks are the following traffic generators WalMart, Best Buy, Old Navy, Home Depot, Lowe’s, Home Depot, Northwoods Mall (Belk’s, Dillard’s, Sears, JC Penney), Regions Bank, Perkins, Hooters, Lexus dealership and Trident Technical College. North Charleston is the 2nd most populous city in the state behind capital city Columbia. The Charleston Port is the 2nd busiest port along the Atlantic Seaboard. North Charleston leads the State in retail sales for the 13th year with sales of $6.14 billion dollars.

Tenant: hhgregg, Inc
Indianapolis-based hhgregg, Inc. (NYSE: HGG), is a 54 year old leading specialty retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg and Fine Lines. hhgregg currently operates 105 stores in Alabama, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, South Carolina and Tennessee. The Company sells consumer electronics (camcorders and digital cameras, TVs, DVD and MP3 players) small appliances (coffee makers, food processors and toasters), large appliances (air conditioners, refrigerators, washers and dryers) and accessories (cables, adaptors and TV and speaker stands). They also have sales staff working with large commercial users as well as their on-line business. The Company had its initial public offering in July 2007. Investment firm Freeman Spogli & Co. owns about 64% of the Company.