Commercial Properties 10-17-08

1. Jiffy Lube Retail Building in Morgan Hill, CA: brand new 3,478 SF Jiffy Lube Retail Building just off of Hwy-101. 20 years NNN lease with 10% rent increases every 5 years. NOI $165K/yr. $2.550M. 6.5% Cap.
2. Single Tenant Corporate Building in Pearland, TX: 6,922 SF Goodyear Retail Building on .96 acre parcel built in 2008 anchored by Pearland Town Center at signalized intersection of Hwy-288. Long NNN corp lease. NOI $183K/yr. $2.614M. 7% Cap.
3. Centennial Square Retail Center in High Point, NC: 9,750 SF strip center on over one acre lot with regional/local tenants in growing West of Greensboro. 100% NNN leased. NOI $128K/yr. $1.540M. 8.35% Cap.
   -New roof installed in 2006 with 10-year warranty
   -Across Oak Hollow Mall
   -In major commercial corridor close to I-311
4. Pizza Hut Restaurant in Forest Hill, TX: 3,090 SF Pizza Hut Restaurant on .76 acre lot in growing Dallas Fort Worth metropolitan. 100% Occupancy. NNN. NOI $90K/yr. $1.299M. 7% Cap.
   -Lease guaranteed by YUM! Brands, Inc.
5. Shopping Center in Oldsmar, FL: 3-years old 9,971 SF shopping center on over 1 acre lot anchored by Panera Bread/Starbucks. 100% NNN leased by six tenants. NOI $227K/yr. $3.027M. 7.5% Cap.
   -Good tenant mix: Italian Restaurant, Hair Salon, Fine Wines, Nail/Spa and China Star
6. Headland Delowe Shopping Center in East Point, GA: 96,814 SF mature shopping center on 11.50 acres of lot anchored by Wayfield Foods in a growing Atlanta suburb. 91% Occupancy. NNN. NOI $434K/yr. $4.8M. 9.1% Cap.
   -Experience numerous upgrades recently
   -Upside potential when fully leased

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