Highlights:  Barrett Station was brought to us through an existing relationship in the market. This is a quality internet resistant, service-based, neighborhood shopping center, on a busy thoroughfare of St. Louis County, with over 53,000 vehicles per day, with an affluent population, with average household income of $117,000. The majority of the tenants have occupied the center prior to the 2008 market downturn and thus presented a stable cash flowing asset. In addition, Envision was able to negotiate $500,000 of non-recourse financing from the seller, substantially increasing annual returns.  Barrett Station will remain a positive cash flowing property, with built-in rental increases, for at least a 5-year hold period.

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