EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
C O L E
COLE CREDIT PROPERTY TRUST II, INC.
March 7, 2006
Contact:
Gui Cositin
602-778-8893
For Immediate Release:
Cole Credit Property Trust II, Inc. announces the acquisition of a multi-tenant retail building
located in Texas.
On March 2, 2006, a wholly-owned subsidiary of the operating partnership of Cole Credit Property
Trust II, Inc. acquired a multi-tenant retail building totaling approximately 80,000 rentable
square feet on an approximately 5.6 acre site located in Spring, Texas. The building is 100% leased
to five tenants, including, Academy Corp ("Academy"), CB Jackson Co, d/b/a Spec's Liquor
("Spec's"), Hi-Lo Auto Supply, LP ("Hi-Lo"), Sherwin-Williams Company, ("Sherwin-Williams") and
Jack in the Box Eastern Division, LP ("Jack in the Box").
About the Tenants
Academy is a sporting goods retailer, operating over 80 stores across the southeastern United
States.
Spec's is a Houston-based retailer with over 28 stores located throughout the Houston metropolitan
area.
Hi-Lo, a subsidiary of O'Reilly Automotive, Inc., is an operator of automotive parts retail stores.
Sherwin-Williams' core business is the manufacture, distribution and sale of paint, coatings and
related products. Sherwin-Williams has an S&P Credit Rating of A+ and is publicly traded on the New
York Stock Exchange under the symbol SHW.
Jack in the Box operates over 2,000 quick-service restaurants primarily in the western and
southwestern United States. Jack in the Box has an S&P Credit Rating of BB- and is publicly traded
on the New York Stock Exchange under the symbol JBX.
About Cole Credit Property Trust II, Inc.
Cole Credit Property Trust II, Inc. is a Maryland corporation that intends to qualify as a real
estate investment trust beginning with the taxable year ended December 31, 2005. The investment
objectives of Cole Credit Property Trust II, Inc. are to provide current income, preservation and
return of capital, and growth in the value of its investments.
This release may contain forward-looking statements relating to the business and financial
outlook of Cole Credit Property Trust II, Inc. that are based on our current expectations,
estimates, forecasts and projections and are not guarantees of future performance. Actual results
may differ materially from those expressed in these forward-looking statements and you should not
place undue reliance on any such statements. A number of important factors could cause actual
results to differ materially from the forward-looking statements contained in this release. Such
factors include those described in the Risk Factors sections of the prospectus for the offering of
equity of Cole Credit Property Trust II, Inc. Forward-looking statements in this document speak
only as of the date on which such statements were made and we undertake no obligation to update any
such statements that become untrue because of subsequent events. We claim the safe harbor
protection for forward-looking statements contained in the Private Securities Litigation Reform Act
of 1995.
2555 E. Camelback Road, Suite 400
Phoenix, AZ 85016
602-778-8700

EX - 99 . 1 2 exhibit1 . htm EX - 99 . 1 EX - 99 . 1 C O L E COLE CREDIT PROPERTY TRUST II , INC . March 7 , 2006 Contact : Gui Cositin 602 - 778 - 8893 For Immediate Release : Cole Credit Property Trust II , Inc . announces the acquisition of a multi - tenant retail building located in Texas . On March 2 , 2006 , a wholly - owned subsidiary of the operating partnership of Cole Credit Property Trust II , Inc . acquired a multi - tenant retail building totaling approximately 80,000 rentable square feet on an approximately 5.6 acre site located in Spring , Texas . The building is 100 % leased to five tenants , including , Academy Corp ( " Academy " ) , CB Jackson Co , d / b / a Spec 's Liquor ( " Spec 's " ) , Hi - Lo Auto Supply , LP ( " Hi - Lo " ) , Sherwin - Williams Company , ( " Sherwin - Williams " ) and Jack in the Box Eastern Division , LP ( " Jack in the Box " ) . About the Tenants Academy is a sporting goods retailer , operating over 80 stores across the southeastern United States . Spec 's is a Houston - based retailer with over 28 stores located throughout the Houston metropolitan area . Hi - Lo , a subsidiary of O ' Reilly Automotive , Inc . , is an operator of automotive parts retail stores . Sherwin - Williams ' core business is the manufacture , distribution and sale of paint , coatings and related products . Sherwin - Williams has an S & P Credit Rating of A + and is publicly traded on the New York Stock Exchange under the symbol SHW . Jack in the Box operates over 2,000 quick - service restaurants primarily in the western and southwestern United States . Jack in the Box has an S & P Credit Rating of BB - and is publicly traded on the New York Stock Exchange under the symbol JBX . About Cole Credit Property Trust II , Inc . Cole Credit Property Trust II , Inc . is a Maryland corporation that intends to qualify as a real estate investment trust beginning with the taxable year ended December 31 , 2005 . The investment objectives of Cole Credit Property Trust II , Inc . are to provide current income , preservation and return of capital , and growth in the value of its investments . This release may contain forward - looking statements relating to the business and financial outlook of Cole Credit Property Trust II , Inc . that are based on our current expectations , estimates , forecasts and projections and are not guarantees of future performance . Actual results may differ materially from those expressed in these forward - looking statements and you should not place undue reliance on any such statements . A number of important factors could cause actual results to differ materially from the forward - looking statements contained in this release . Such factors include those described in the Risk Factors sections of the prospectus for the offering of equity of Cole Credit Property Trust II , Inc . Forward - looking statements in this document speak only as of the date on which such statements were made and we undertake no obligation to update any such statements that become untrue because of subsequent events . We claim the safe harbor protection for forward - looking statements contained in the Private Securities Litigation Reform Act of 1995 . 2555 E. Camelback Road , Suite 400 Phoenix , AZ 85016 602 - 778 - 8700