Upland Real Estate Group, Inc. brokered the sale of four Arby’s restaurants in MN. The Eagen location was sold for $1.05 million, the Eden Prairie location was sold for $1.11 million, the Maple Grove location was sold for $1.4 million and the Plymouth location was sold for $1.09 million. The company represented the buyers, who were involved in 1031 Tax Deferred Exchanges. The seller was represented by Marcus & Millichap. Upland Real Estate Group, Inc. also brokered the sale of the New Hope Center in New Hope, MN. The center’s tenants include Caribou Coffee and Pickerman’s.

For more information, contact Brier E. Swing, Upland Real Estate Group, Inc., 301 Fourth Avenue South, Minneapolis, MN 55415; 612-335-9366, Fax 612-376-4489; Email: brier@upland.com.

S.L. Nusbaum Realty Co. represented Chesterfield Plaza Shopping Center Associates, LLC in the sale of five acres to Best Buy Stores for $2.64 million. S.L. Nusbaum Realty Co. and Consolidated Sales are the developers of Chesterfield Plaza. The 250,000 sq.ft. center is tenanted by Dick’s Sporting Goods, Bassett Furniture, Hops Restaurant, Chick-Fil-A and Lowe’s.

For more information, contact Kate Gomez, S.L. Nusbaum Realty Co., 1000 Bank of America Center, One Commercial Place, Norfolk, VA 23510; 757-640-2254, Fax 757-640-2256; Email: kgomez@slnusbaum.com; Web site: www.slnusbaum.com.

National Net Lease Realty is marketing a CVS in the southeast. The CVS has no loan on it and rent increases every five years. The asking price is $2.125 million at an 8.1% Cap rate, increasing to about 8.5% in 2004.

For more information, contact Terry Marks, National Net Lease Realty, 4729 Libbit Avenue, Encino, CA 91436; 818-905-5597, Fax 818-905-5596; Email: info@terrymarks.com; Web site: www.terrymarks.com.

Besen & Associates is marketing a NN retail center in upstate NY that is tenanted by OfficeMax, Monro Muffler and Taco Bell. The asking price is $4.55 million at a 9.5% Cap rate.

For more information, contact Michael Sokolow, Besen & Associates, 381 Park Avenue South, New York, NY 10016; 212-689-8488 Ext. 26, Fax 212-689-9518; Email: msokolow@besenassociates.com; Web site: www.besenassociates.com.

Realprop Capital Co. is seeking Kmart stores in locations with strong demographics. The stores should have low rents in relation to market rents and be located in desirable locations. Typical deals can be purchased below replacement cost at an 11% Cap rate.

For more information, contact Peter Kellner, Realprop Capital Co., 60 West 66 Street, Suite 14D, New York, NY 10023; 212-874-1234.

Karns Commercial Real Estate, Inc. is marketing the following Colter’s Bar B-Q locations: 5,000 sq.ft. on a 44,000 sq.ft. parcel at the intersection of Central Expressway and McDermott in Allen, TX for $1.45 million at a lease rate of $165,000 NNN; 4,993 sq.ft. on a 49,000 sq.ft. parcel at the intersection of Highway 121 and Parkwood in Frisco, TX for $1.75 million at a lease rate of $180,000 NNN; 4,900 sq.ft. on a 49,000 sq.ft. parcel at the intersection of I-635 and MacArthur Boulevard in Las Colinas, TX for $1.75 million and 6,000 sq.ft. on a 53,000 sq.ft. parcel at the intersection of Highway 183 and Story Road in Irving, TX. In addition, the company has the following Colter’s Bar B-Q locations available for lease only: 4,990 sq.ft. on a 40,000 sq.ft. parcel at the Grapevine Mills mall in Grapevine, TX; 5,850 sq.ft. on a 48,000 sq.ft. parcel at Collin Creek Mall in Plano, TX; 4,600 sq.ft. on a 29,913 sq.ft. parcel at the intersection of North Dallas Toll Road and Frankford Road in Carrollton, TX and 5,850 sq.ft. on a 39,985 sq.ft. parcel next to the Hulen Mall in Ft. Worth, TX.

For more information, contact Michael D. Karns, Karns Commercial Real Estate, Inc., 6676 Lakewood Boulevard, Dallas, TX 75214; 214-826-5300, Fax 214-826-5880; Email: mdk@commercial.com.

KinderCare Learning Centers, Inc. is marketing 36 properties that the company believes are ideal for 1031 Exchange investments. The leases are NNN with 15-year terms plus options and 10% increases every five years. There are no landlord management responsibilities. The asking prices are between $2 million and $3 million. There are four properties available in CA, one in CT, one in MA, two in NH, nine in NJ, two in MD, two in VA, five in CO, five in MN and five in IL.

For more information, contact John Sullivan or Holley Donaca, KinderCare Learning Centers, Inc., 650 NE Holliday Street, Suite 1400, Portland, OR 97232; 503-736-1850, Fax 503-872-1314; Email: jsullivan@mail.kindercare.com or hdonaca@mail.kindercare.com; Web site: www.kindercare.com.

Diversified Partners is marketing a 42,500 sq.ft. retail pad with 9,300 sq.ft. of buildable area at the intersection of College and Horizon Drive in Henderson, NV. About 9,300 sq.ft. of divisible shop space with 150 feet of frontage is available for lease at $22 psf NNN.

For more information, contact Tim Dollander, Diversified Partners, 6916 East Fifth Avenue, Scottsdale, AZ 85251; 888-955-7500, Fax 480-947-8830; Email: dptimd@qwest.net.

Shane Investment Property Group, LLC is marketing a Hooters single-tenant net lease restaurant that is under construction on Goodman Road in Memphis, TN. The restaurant has a 20-year bond lease with two five-year options and 10% increases every five years, including the options. The restaurant has NNN income of $138,000, an asking Cap rate of 8% and an average Cap rate of 9.3%. Area demographics include a population of more than 100,000 residing in a five-mile radius earning an average household income of $66,871. The asking price is $1.725 million.

For more information, contact Emery Shane, Shane Investment Property Group, LLC, 5 Concourse Parkway, Suite 3100, Atlanta, GA 30328; 770-481-1960, Fax 770-481-1961, Cell 404-634-4500; Web site: www.shanegroup.net.

Surplus Real Estate is marketing more than 60 Payless Cashways retail stores and building materials centers. Building sizes are between 10,000 sq.ft. and 75,000 sq.ft. and the sites are located on two acres to 18 acres in 17 states nationwide.

For more information, contact Kerry Bush, Surplus Real Estate, 6299 Nall Avenue, Suite 350, Mission, KS 66202; 913-362-3377, Fax 913-362-3113; Email: kbush@expertise.net; Web site: www.surplusrealestate.com.