Best Commercial Retail 10-13-08

1. Childtime Day Care in Clovis, CA: 6354 SF Childtime Day Care Center on over 1 acre lot in growing area near I-168. 100% NNN leased with rent increases. NOI $64K/yr. $800K. 8% Cap.
   ~Corp guarantee by a national tenant.
2. Childtime in Moreno Valley, CA: 6354 SF Day Care Center on 2.1 acres of land situated fast growing city in Los Angeles. 100% NNN corp lease. NOI $75K/yr. $1M. 8.5% Cap.
   ~Long Lease: expires in 2021
3. Rite Aid Pharmacy in Burlington, NC: 14, 470 SF Rite Aid Pharmacy on 1.44 acres of lot built in 2003 across Food Lion. 20 years absolute NNN corp lease. NOI $311K/yr. $4.019M. 7.75% Cap.
4. Hardee’s Restaurant in Stone Mountain, GA: 3882 SF Hardee’s Restaurant on .91 acre lot built in 1980 located on Hwy 78 across from anchored shopping center. New 20- years NNN lease. 12% increases every 5 years. NOI $84K/yr. $1.2M. 7% Cap.
   ~Fast growing Atlanta suburb
   ~Retail thoroughfare
5. Lone Star Pavilion Strip Center in Grapevine, TX: new 18,697 SF retail center with excellent visibility near I-635/114. 100% NNN leased. NOI $508K/yr. $6.741M. 7.54% Cap.
   ~Between Grapevine Mills Mall and I-121
   ~Good tenant mix: Quiznos, Subway, Sprint, Infinity Leather, Cartridge World and mattress Firm
6. Office Building in Houston, TX: 25,680 SF office building on 1.84 acres of parcel at a signalized intersection. 100% Occupancy. NOI $275K/yr. $3.150M. 8.7% Cap.
   ~Upside potential: some leases are gross leased. Income boost when converted to NNN
   ~Growing Houston area
   ~Renovated in 2005
7. Taco Bell Restaurant in San Antonio, TX: 1972 SF Taco Bell Restaurant surrounded by many national retailers near Hwy 410. 100% NNN leased. NOI $70K/yr. $1M. 7% Cap.
   ~Strong operator

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