Best Retail Properties 10-22-08

1. Growing Years Learning Center in Raleigh, NC: brand new 10,620 SF Day Care Center in a growing/wealthy (AHI $99K/yr within 1-mile radius) area. 10-years absolute NNN lease with 2% annual increases. NOI $188K/yr. $2.350M. 8% Cap.
   -Personal & Corp. guarantee
2. Shoney’s Restaurant in Dalton, GA: 5379 SF Shoney’s Restaurant on 1.05 acres lot built in 1992 surrounded by many retailers near I-76. Long absolute NNN corp. lease with increases. NOI $89K/yr. $965K. 9.25% Cap.
3. Burger King in San Antonio, TX: brand new 2275 SF Burger King Restaurant on .75 acre lot at signalized intersection close to I-10. New 20 years NNN lease. NOI $110K/yr. $1.535M. 7.20% Cap.
4. Nice Looking Strip Center in Kingsburg, CA: One year old 7552 SF multi-tenant strip center on over 1 acre lot in Fresno. Shadow anchored by Walgreen’s Pharmacy. 100% NNN. NOI $183K/yr. $2.620M. 7% Cap.
   -Good tenant mix: Go Wireless, Nails, Liberty Tax, La Costenita, UPS Store & Quizno’s Sub.
   -Signalized intersection
5. Three Tenants Strip Center in Sacramento, CA: 9800 stable strip center on .75 acre lot recently renovated anchored by AutoZone. 100% NNN leased. NOI $168K/yr. $2.4M. 7% Cap.
6. Medical Building in Orlando, FL: 20,562 SF medical building on 2.23 acres of land next to Walgreen’s Pharmacy near Waterford Lakes Town Center. 100% NNN leased. NOI $459K/yr. $5.675M. 8.1% Cap.
   85% leased to Florida Hospital/Adventist
   -Just off Toll-408
7. Shoppes of South Franklin in Johnson City, TN: 10,537 SF attractive strip center constructed in 2006 and anchored by Sprint close to I-321. 100% NNN leased. NOI $162K/yr. $2.1M. 7.76% Cap.

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