Top Commercial Retail 10-31-08

1. Medical Office Building in Sunnyvale, CA: 20,000 SF medical office building on 1.45 acres parcel in the heart of Silicon Valley. 100% NNN leased by Camino Medical Group, a division of the Palo Alto Medical Foundation. Easy access to Hwy 101 and Central Expressway. NOI and pricing not avail. 8% cap.
2. Neighborhood Center in Oklahoma City, OK: 92,665 SF well-maintained center on 6.63 acres lot at a hard corner in the better NW Oklahoma City. 94% leased. Actual NOI $853K/yr. $9M. 9.5% cap.
3. Strip Center in Palmdale, CA: 9500 SF strip center on ¾ acres lot in a prime commercial corridor in the city where B1 & B2 bombers are made. Anchored by 7-11. 100% NNN leased by 8 good tenants. NOI $213K/yr. $3M. 7.1% cap.
4. Professional Building in Clear Lake City, TX: 23,112 SF 2-story office building on 1.25 acres lot in a growing Houston suburb. 95% occupied. NOI $175K/yr. $2.085M. 9.1% cap.
   · Near Nasa Johnson Space Center
   · High income & growing area
   · Only $90/SF
5. Rite Aid in Myrtle Beach, SC: 12,728 SF Rite Aid Pharmacy built in 2000 on 1.65 acres lot in a fast growing coastal town. 20 yrs absolute NNN lease with 12 yrs remaining. NOI $285K/yr. $3.567M. 8%cap. Buyer to assume $2.1M loan at low 6.11% interest due in 19 yrs.
6. Neighborhood Center in Hampton, GA: 77,336 SF beautiful shopping center built in 1995 on over 10 acres lot on a major artery South of Atlanta. 94% NNN leased. NOI $853K/yr. $11.65M. 7.3% cap.
   · Anchored by Publix Supermarkets & Blockbuster Video.
   · Fast growing city
   · $8M assumable loan at 5.76% interest thru 2014: over 12% return on the 1st yr.
7. Burger King in Sheffield Village, OH: 2915 SF Burger King on aver 1 acres parcel in a high income & growing Cleveland suburb. Long term absolute NNN lease by an operator with 36 restaurants. NOI $75K/yr. $898K. 8.4% cap.
8. Best Western Hotel in Norcross, GA: 129 room Best Western Hotel on 1.92 acres lot just off I-85 exit in a fast growing North Atlanta. Avg daily rate $65. Gross annual revenue over $1M. $3.68M.

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