Top Commercial Properties 10-21-08

1. Japanese Steak House in Woodstock, GA: 3768 SF Japanese Steakhouse and Sushi Restaurant constructed in 2006 at signalized intersection of Hwy-92 close to I-575 in a growing Atlanta suburb. 100% NNN leased. NOI $73K/yr. Only $840K. 8.7% Cap.
2. Mike’s Auto Body in Antioch, CA: 14,040 SF Auto Body Retail Center built in 1994 on .80 acre lot close to Hwy-4. 100% NNN. NOI $220K/yr. $2.750M. 8.03% Cap.
   -Personal guarantee by operator with eight locations in the bay area with over 30 years of experience
3. Neighborhood Center in Richardson, TX: 42,971 SF well maintained shopping center on 2.27 acres of parcel with stable tenants blocks from I-75 in growing/wealthy (AHI $103K/yr within 1 mile) Dallas suburbs. 90% leased. NOI $496K/yr. $6.2M. 8% Cap.
4. Caddyshack Shopping Center in Livonia, MI: 30,080 SF 3-tenants shopping center on 1.85 acres of land constructed in 1995 anchored by Rite Aid Drug Store just off of I-275. 100% NNN leased. NOI $324K/yr. $4.50M. 8% Cap.
   -Located on a hard corner
   -Affluent neighborhood (AHI $125K/yr within 1-mile radius)
5. Dunkin Donuts in Lexington, KY: brand new 2046 SF Dunkin Donuts retail building across from Saint Joseph Hospital near Turfland Mall. Long NNN lease. NOI $81K/yr. $1.023M. 8% Cap.
6. Rite Aid in El Cajon, CA: 21,440 SF Rite Aid Drug Store on 1.76 acre lot in San Diego metro. Built in 1980 & shadow anchored by Vons Supermarkets at a high traffic signalized intersection. 100% NNN leased. NOI $101K/yr. $1.695M. 6% Cap. $716K loan mast be assumed at an attractive 6.125% interest rate.
   -Only $79 per SF
   -Upside potential
   -PROPERTY WILL GO FAST
7. Rite Aid Pharmacy in Aurora, CO: 14,962 SF Rite Aid Pharmacy on 1.54 acres of lot built in 1999 at a signalized intersection. 100% NNN corp leased. NOI $259K/yr. $3.420M. 8.04% Cap. In addition to the Rite Aid rent, landlord collects $15K/yr. from Cingular Wireless cell phone tower located at the property.

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