Top Commercial Properties 10-23-08

1. Frankford Strip Center in Dallas, TX: 5200 SF all-brick strip center constructed in 1998 in a well off neighborhood. 100% NNN leased. NOI $99K/yr. $1.225M. 8.15% Cap.
   -Good tenant mix: Manhattan Cleaners, Hot & Creamy Donuts and Metro PCS/Art of Nails
   -Center and pylon sign are visible from I-190
2. Smokey Bones Barbeque & Grill in Fairview Heights, IL: 8571 SF Smokey Bones Restaurant on 1.84 acres of parcel built in 1972 at signalized intersection of Highway-64. 20-years absolute NNN lease with 1.75% annual increases. NOI $174K/yr. $2.117M. 8.25% Cap.
   -Corp guarantee by Barbeque Integrated, Inc. currently operating 74 locations
3. Childtime Learning Center in Chula Vista, CA: 8280 SF day care center on .92 acre lot built in 2002 in growing/affluent (AHI $104 within 1 mile radius) area near Hyw-805. 100% NNN leased. NOI $203K/yr. $2.548M. 8% Cap.
   -National tenant with over 275 locations
4. Country Inn & Suites in Fresno, CA: 3-story 60-room Country Inn & Suites Hotel on 1.14 acres of land constructed in 1997 conveniently located near International Airport off of I-41. $6.800M.
5. Wendy’s Restaurant in Holland, MI: 2703 SF Wendy’s Restaurant on over 1 acre lot just off of Hwy-31. 20 years NNN lease. NOI $102K/yr. $1.338M. $7.65% Cap.
   -Lease guaranteed by Wendy’s of Michigan a 49 restaurant operator
6. Wendy’s Restaurant in Muskegon, MI: 2771 SF Wendy’s Restaurant on 2 acres of parcel across from Mall. New 20 years absolute NNN lease. NOI $99K/yr. $1.299M. 7.65% Cap.
   -Lease guaranteed by Wendy’s of Michigan a 49 restaurant operator

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