Top 5 retail properties of 11-24-08

1. Shopping center in Katy, TX: 41,232 SF shopping center on 3.5 acres of land built in 1984 near I-10 in fast growing Houston suburb. 92% NNN leased with strong tenant mix. NOI $339K/yr. $3.750M. 9.07% Cap.
   Strong national/local tenants mix: Subway, Hair Salon, VIP Liquor, Dollar General, Dental, Meat Market, The Academy and Taqueria.
2. Avalon Plaza in Carson, CA: 15,577 SF mature shopping center on .95 acre lot at signalized intersection with easy access to Fwy-405. Across from South Bay Pavilion Mall in densely populated Los Angeles county. 100% NNN leased. NOI $437K/yr. $6.2M. 7.06% Cap.
3. Fast food restaurant in Paramount, CA: 2978 SF Jack in the Box Restaurant on .47 acre lot. Long absolute NNN lease. NOI $110K/yr. $1.732M. 6.35% Cap.
   Restaurant has occupied location since December 1980
   Corporate guarantee (BB+)
   Outparcel to a 94.841 SF shopping center
4. Medical Office in Folsom, CA: 8000 SF beautiful medical office built in 1998 located in prosperous (AHI $103K/yr. within 1 mile radius) neighborhood. NOI $167K/yr. $2.775M. 7% proforma Cap.
   100% NNN leased to doctors who specialize in Family Practice, Sports Medicine, Maternity, Dermatology, Laser Surgery and Laser Cosmetics.
5. Shopping center in Anaheim, CA: 8,050 shopping center on a major artery close to I-5 and Hwy 91. 100% Occupancy. NOI $95K/yr. $1.8M. 5.31% Cap.
   Strong upside potential when converting leases from gross to NNN.
   Just $225/SF.