Top 4 Properties 04-16-09

1. Del Taco Restaurant in Las Vegas, CA: 2308 SF retail restaurant on .62 acre lot built in 1999 shadow anchored by Albertsons on a highly visible location. Long absolute NNN corp lease with increases every 5 years. NOI $142K/yr. $2.110M. 6.75% Cap. Top performing store: 5.5% increases in sales in 2008
2. Two tenant strip center in Menlo Park, CA: 2000 SF strip center located on busy street with excellent visibility in affluent (AHI $210K/yr.) neighborhood. NNN leased. $1.150M.
3. CVS Pharmacy in Thomasville, NC: 13,225 SF CVS Pharmacy on 1.46 acres of land built in 2008 in prime commercial corridor near I-85. 25-year absolute NNN lease. NOI $279K/yr. $3.777M. 7.4% Cap.
4. Strip Center in Kennesaw, GA: 14,600 SF consisting of two retail buildings on over 2 acres of land recently constructed across from Wall-Mart with great access from US-41. Leased by regional/local tenants. NOI $176K/yr. $2.2M. 7% Cap.
   
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