Commercial Retail Properties 10-14-08

1. Office Building in Phoenix, AZ: 12,643 SF well maintained five-tenant office building on .93 acre lot built in 1974 close to I-10/51 in growing/middle-class neighborhood. 100% Occupancy. NNN. NOI $177K/yr. $2.285M. 7.75% Cap.
   *Corp guarantee by stable tenants
2. Arby’s Restaurant in Greenwood, IN: 3074 SF Arby’s Restaurant on .67 acre lot remodeled in 2000. Brand new 20-years absolute NNN lease with 10% increases every 5 years. NOI $72K/yr. $993K. 7.25% Cap.
   *Heartland Beef, Inc. corp guarantee: 8th largest Arby’s franchisee currently operating 38 restaurants
3. Rite Aid Pharmacy in Aurora, CO: 14,962 SF Rite Aid Pharmacy on 1.54 acres of lot built in 1999 at signalized intersection. 100% Occupancy. 10 years left on NNN corp lease. NOI $259K/yr. $3.420M. 8.04% Cap.
   *In addition to the Rite Aid rent, landlord collects $15K/yr. from Cingular Wireless cell phone tower located at the property.
4. Class-A Medical Office and Ambulatory Surgery Center in Pasadena, TX: 51,317 SF 8-years old Medical Office on 4.68 acres of land. 67% Occupancy. NOI $616K/yr. $7.7M. 8% Actual Cap.
   *Anchored by Bayside Surgery Center
   *Situated in busy thoroughfare.
   *Significant upside when fully leased
5. Goodyear Tires & Rubber in Kyle, TX: 7260 SF Goodyear Tires & Rubber retail building on over 1 acre lot built in 2006 situated on IH-35. 100% Occupancy. NNN. NOI $172K/yr. $2.076M. 8.31% Cap.
   *Goodyear Tire & Rubber Corporate Guarantee
6. Office Building in Rocklin, CA (Sacramento suburb): 4540 SF nice looking office building constructed in 2007 near I-80. 100% NNN leased. NOI $142K/yr. $1.850M. 7.72% Cap.
7. Shopping Center in The Woodlands, TX: 27,940 SF well-maintained shopping center on 2.2 acres of lot in fast growing area. 100% NNN leased. NOI $476K/yr. $5.6M. 8.5% Cap.
   *Excellent visibility from I-45
   *Just 2-miles from the Woodlands Green Mall
8. Firestone Retail Center in Grayslake, IL: 9812 SF shopping center on .98 acre lot built in 2006 across Walgreens Pharmacy on signalized intersection. 100% Occupancy. NOI $197K/yr. $2.630M. 7.5% Cap.
   *Strong tenants: Firestone, Subway, Liquor Store, Cleaners and Café
   
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