Top 10 Commercial Properties 12-19-08

1. Retail Center in Des Moines, IA: 12,000 SF retail center built in 1997 on 1.48 acres pad site to Home Depot, Best Buy and more across Wal-Mart near Southridge Regional Mall. 100% NNN leased. NOI $235K/yr. $2.775M. 8.5% Cap.
2. Shopping Center in Warren, MI: 29,700 SF attractive shopping center on 1.9 acres of lot with stable tenants. 96% Occupancy. NOI $195K/yr. $2.3M. 8.5% Cap.
3. Community Center in Clovis, CA: 32,613 SF stable retail center on 3.12 acres of land with great visibility close to Sierra Vista Mall near I-168. 96% NNN leased. NOI $469K/yr. $5.9M. 8% Cap.
4. Jiffy Lube in Bakersfield, CA: 2,000 SF Jiffy Lube retail building with superb visibility to I-178 near East Hills Mall. 100% NNN leased with annual rent bump. NOI $79K/yr. $1.1M. 7% Cap.
5. Shopping Center in Rockford, IL: 75,302 SF shopping center on 5 acres of land with good national/regional tenant mix. 82% NNN leased. NOI $374K/yr. $4.275M. 8.75% Cap.
   -Upside potential when fully leased.
6. Strip Center in Macon, GA: 12,000 SF all brick strip center on 2 acres of land across new Mall near I-75 in growing southeast Atlanta. 100% NNN leased. NOI $230K/yr. $2.3M. 10% Cap.
7. Chuy’s Restaurant in Tucson, AZ: 6165 SF Chuy’s Restaurant on .83 acre lot renovated in 2008 in densely populated area. 100% NNN leased with rent boost. NOI $136K/yr. $1.820M. 7.5% Cap.
   -Corp/personal guaranty by strong operator currently with 33 restaurants.
8. Office/retail building in Brownsville, TX: 9041 SF good-looking mix-used building on .83 acre lot just South of Sunrise Mall. 73% NNN leased. NOI $142K/yr. $1.4M. 10.18% Cap.
   -Great potential
9. Strip Center in Wichita, KS: 9588 SF very nice strip center on .98 acre lot across Target Store. 95% NNN leased. NOI $178K/yr. $2.550M. 7% Cap.
10. Office Building in Orland Park, IL: 11,560 SF office building on 1.62 acres of parcel on prime commercial corridor. Long NNN leased with stable tenant. NOI $149K/yr. $1.680M. 8.9% Cap.
    
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