Exit Date: June 2015
Total Profit: $825,000
Return of Capital: July 2012 after
sale of Autozone for $500,000
Sale of approved site: June 2015
for $775,000.
Immediately after closing we parcelled off Autozone for resale. Within 3 month all capital + 10% was returned to investors. We proceeded to market the development for lease secured with LOI’s from Family Dollar and a Regional Laundromat.