Best picks of 09-16-08

AHI: Avg Household Income
NOI: Net Oper Income

1. Christian Brothers Automotive in Irving, TX: 4,921 SF Christian Brothers Automotive retail building on .63 acre lot built in 2007. New 15 years absolute NNN lease with 1½% annual rent increases starting in year 2. NOI $135K/yr. $1.742M. 7.75% Cap.
   - Corporate Guarantee
   - Growing (15.04% since 2000) and wealthy (AHI $106K/yr within 3-mile radius) neighborhood
   - Good location close to I-635
2. Smokey Bones Restaurant in Lithonia, GA: 6,028 SF Smokey Bones Restaurant on over 2 acres of lot outparcel to The Stonecrest Mall. 20 years absolute NNN lease. NOI $170K/yr. $2.069M. 8.25% Cap.
   - Lease is corp guaranteed from strong operator currently operating 74 locations
   - 1.75% annual rent increases
   - In front of The Mall of Stonecrest just off I-20
3. Smokey Bones Restaurant in Kennesaw, GA: 6,900 SF Smokey Bones Restaurant on 1.88 acres of lot. 20 years absolute NNN lease with 1.75% annual rent increases. NOI $158K/yr. $1.919M. 8.25% Cap.
   - Outstanding location: across the street from the Town Center Mall between I-75/575
   - Lease is corp guaranteed by a strong operator currently operating 74 locations
4. Great American Plaza in Phoenix, AZ: 14,531 SF beautiful shopping center on 1.76 acres of land constructed in 2007 next to Walgreen’s pharmacy. 100% NNN leased. NOI $370K/yr. $4.935M. 7.5% Cap.
   - Located across Fry’s Supermarkets
   - Good national/regional tenant mix: Checker Auto, Fletchers, Subway H&R Block, Cost Cutters, Wells Fargo, UPS, Curves, State Farms, Blockbuster and more.
   - Eight tenants to spread-out the risk
5. Main & Lindsay Center with KFC Restaurant in Mesa, AZ: 20,714 SF stable shopping center on 2.12 acres of land built in 1984 extensible remodeled in 2005. NNN leases. NOI $301K/yr. $4.1M. 7.34% Cap.
   - Densely populated area
   - Good ingress/egress
   - Signalized intersection
6. Applebee’s Restaurant in Modesto, CA: 5,300 SF Applebee’s Restaurant on 1.59 acres of parcel built in 1997. Absolute NNN lease till 2018 with 10% rent increases every five years. NOI $217K/yr. $3.350M. 6.5% Cap.
   - Excellent location anchored by Best Buy, Target, Borders and Petsmart
   - Just off Hwy-99 with has 113,000 CPD
   - Adjacent to Regional Mall with over 130 stores
7. The Shoppes at Barry Plaza in Kansas City, MO: 20,944 SF Shopping center constructed in 2005 on 2.5 acres of land anchored by CVS Pharmacy. 100% Occupancy. NNN. NOI $325K/yr. $4.2M. 7.75% Cap.
   - Close to I-152
   - Good tenant mix: Curves, Tanning, Fitness, Bank Kwall Paint and more
8. Roseland Retail Center in Chicago, IL: 19,919 SF attractive shopping center on 1.17 acres of land built in 1968 with recent renovation. 100% Occupancy. NNN. NOI $248K/yr. $3.250M. 7.64% Cap.
   - Located at signalized intersection
   - Across from Walgreen’s Pharmacy
   - Occupied by national tenants: AutoZone, Family Dollar and Washington Mutual
   
   © 2008 eFunding, Inc. All rights reserved.