Top Commercial Properties 12-03-08

1. Strip center in Toledo, OH: 8,086 SF well located strip center anchored by Pizza Hut on .80 acre lot at busy intersection. 100% leased. NOI $88K/yr. $ 1.040. 8.52% Cap.
   -Strong tenant mix: Pizza Hut, Nails, Midland Food Services, Cash Advance and Tailor & Tuxedo in the Park.
   -Excellent location: Across Southwyck mall.
2. Shopping Center in Powell, OH: 33,070 SF nice-looking shopping center on 4.94 acres lot built in 1997 in a growing & affluent (AHI $136K/yr within 1 mile) north of Columbus suburb. 95% NNN leased. NOI $412K/yr. $5M. 8.25% Cap.
3. Medical Office in Layton, UT: 8733 SF newly constructed office building in Salt Lake City metro. Located in busy thoroughfare near I-15 just blocks from Davis Hospital and Medical Center. 100% NNN leased by 2 medical tenants. NOI $104K/yr. $1.275M. 8.23% Cap.
4. Retail Center in Belton, MO: 18,185 SF 5-yr old strip center on an outparcel to a power center anchored by Home Depot, Target, & Kohl’s near I-71. 100% NNN leased. NOI $240K/yr. $3M. 8% Cap.
5. Strip Center in Kingsburg, CA: 7552 SF attractive center built in 2007 on 1.13 acre of parcel anchored by Walgreen’s with national tenants off of Hwy-99. 100% NNN leased. NOI $176K/yr. $2.350M. 7.52% Cap.
6. Rite Aid Pharmacy in Douglasville, GA: 11,275 SF Rite Aid Pharmacy with drive-thru on 2 acres of land located in one of the fastest growing cities in Atlanta outskirts. Brand new 20-yr absolute NNN lease. NOI $255K/yr. with 10% rent increase every 10 yrs. $3.402M. 7.5% Cap.
7. Retail Center in Norcross, GA: 47,118 mature retail center on 4.94 acres of land at major intersection close to I-85. 97% Occupied. NOI $566K/yr. $7.950M. 7.13% Cap.
8. Restaurant in Lakewood, CA: 2106 SF restaurant on .22 acre lot on main road close to Veterans Memorial Stadium in a well-off (AHI $95K/yr) neighborhood. NOI $64K/yr. $990K. 6.5% Cap.
9. Jack in the Box restaurant in Lemoore, CA: 2693 SF fast food restaurant on .74 acre lot. Long absolute NNN lease with corp guarantee. NOI $99K/yr. $1.531M. 6.5% Cap.
10. Wendy’s Restaurant in Yucaipa, CA: 3260 SF 5-yr old Wendy’s restaurant on .68 acre lot conveniently located at busy intersection in a fast growing and prosperous (AHI $131K/yr within 1 mile radius) San Bernardino suburb. 100% absolute NNN ground lease with corp guarantee (you own the land, if lease not renewed the building is also yours). NOI $67K/yr. $1.1M. 6.11% Cap.
    
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