Best commercial retail of 10-03-08

1. Gorgeous neighborhood center in Herriman, UT: 41,427 SF beautiful newly constructed multi-tenant shopping center on 4.4 acres of land across from the $1 billion planned mixed-used project. 90% Occupancy. NNN leases. NOI $695K/yr. $8.975M. 7.75% Cap.
   - 14-tenants to spread out the risk
   - Strong demographics: (244% increase within 1 mile radius) (AHI $78K/yr within 1 mile radius)
   - Great tenant mix
   
2. Office Building in Southlake, TX: 26,400 SF office building built in 2005 located just of Grapevine Hwy 26 and Southlake Blvd. 100% NNN leased. NOI $316K/yr. $3.925M. 8.06% Cap.
   - Stable tenants
   - Fast growing/wealthy area: AHI $100K/yr within 1 mile radius
   
3. Jess Ranch Marketplace Retail Center in Apple Valley, CA: 7700 SF one year old retail center on 1.4 acre parcel anchored by Rite-Aid, Mervyn’s, PetsMart and Winco Grocery located in hard corner. 100% NNN leased. NOI $313K/yr. $4.4M. 7% Cap.
   - Five stable tenants: Game Stop, Nubi Yogurt, Ono Hawaiian and Port of Subs
   - Located in growing North East of Los Angeles suburb
   
4. Carl’s Jr. Restaurant in Compton, CA: brand new 2208 SF Carl’s Jr. Restaurant on .53 acre lot at signalized intersection at Rosecrans and Long Beach Blvd. 100% NNN leased. NOI $92K/yr. $1.545M. 6% Cap.
   - Carl’s Jr. corp lease with 3200 locations (NYSE)
   - 20 years lease with 12.5% increases every 5 years
   
5. Attractive retail building in Granite Bay, CA: 5916 SF 3-tenant retail building constructed in 2002 at busy signalized intersection. 100% NNN leased. NOI $168K/yr. $2.795M. 6.04% Cap.
   - Adjacent to Walgreen’s across two anchored shopping centers
   - Credit tenants: Taco Bell, Quizno’s and Fosco’s Fine Italian Market
   
6. Smokey Bones Barbeque & Grill in Chattanooga, TN: 7061 SF Smokey Bones Restaurant on 1.78 acres of land built in 1997 just off of I-75 and Hwy-153. NOI $147K/yr. $1.782M. 8.25% Cap.
   - 20 years absolute NNN lease with 1.75% annual rent increases
   - Corp guaranty from operator of 74 locations
   
7. Smokey Bones Barbeque & Grill in Johnson City, TN: 7082 SF Smoke Bones Restaurant on 1.1 acres of land constructed in 2004. Long 20 years absolute NNN lease with 1.75% annual increases. NOI $145K/yr. $1.761M. 8.25% Cap.
   - Located just east of The Mall at Johnson City near I-26
   - Corp guaranty from operator of 74 location
   
8. Rite Aid Pharmacy in Henderson, NC: 14,735 SF Rite Aid Pharmacy on 1.9 acres of lot close to I-85 surrounded by national tenants. New 20 years NNN corp lease. NOI $198K/yr. $2.731M. 7.25% Cap.
   
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