NNN Net Leased Featured Properties

> Absolute NNN (no responsibilities)
> Minimum 10 year term
> Reasonable price per square foot
> No leaseholds or ground leases 		>Minimum 6.0% cap rate
> Rental increases during initial term
> Corporate/strong company credit
> Minimum 10 store franchisee
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%Equity% Int Rate (IO)
(Click header titles to resort)  
 Property Name City ST Type Price Size/SF $/SF Cap Equity Yield Yrs Ste Crp V
 Boston Market    Holland MI Rest $992,685 3,350 $296 7.00% $992,685 7.00% 19 Site Corp
 Newer corp lease, 554 locs in 28 states, strong brand recognition, (3) 7 yr optn, 2X CPI up to 2%/yr, avg HH income $64K, built in 1994
 Lifestyle Family Fitness    Indianapolis IN Ftns $8,787,500 37,000 $238 8.50% $8,787,500 8.50% 15 Site Corp
 New 15 yr lease, 10% every 5 yrs, strategic loc near major hwys & malls, top 25 fastest growing co. by IHRSA, on 3.77 acres, built 2008
 Marsh Plaza    Shelbyville IN Grocry $7,200,000 62,777 $115 9.00% $7,200,000 9.00% 10 Site Corp
 Marsh Supermarkets over 100 stores, multi tenant stabilized credit grocery anchored center, 10 years lease, suburb of Indianapolis
 CVS    Atlanta GA Drug $6,680,700 13,013 $513 6.35% $6,680,700 6.35% 23 Site Corp
 Marietta loc, high growth & income area, corp guarantee, built in 2006, strong traffic count of 44K cars/day, $96K+/yr avg HH, (6) 5 yr optn
 Walgreens    Parker CO Drug $6,587,067 14,490 $455 6.00% $6,587,067 6.00% 25 Site Corp
 Walgreens 5700 stores, new NNN 25 year lease 08/06, good retail market, 20 miles from Denver, lease renewal options 10 x 5 year options
 Rite Aid    Vancouver WA Drug $5,730,000 17,272 $332 7.60% $5,730,000 7.60% 19 Site Corp
 Newer construction, built 2006, (6) 5 yr optns, high residential density of 90K 3 mi radius, corp w/ 5K+ stores nationwide, hard corner loc
 Petsmart & Hallmark    Cincinnati OH Retail $5,050,000 33,579 $150 8.00% $5,050,000 8.00% 6 Site Corp
 WalMart anchored multi tenant strip, 100% leased, Petsmart occupies 79% of total sf, (5) 5 yr optn, Hallmark store/storage, (1) 5 yr optn
 Rite Aid    Ranson WV Drug $5,000,000 14,564 $343 7.50% $5,000,000 7.50% 20 Site
 Corp Rite Aid guarantee, new 20 year lease, 10% increase in year 11, brand new 1.5 million retail development The Potomac Towne Center
 Smart & Final    Long Beach CA Groc $4,833,000 17,079 $283 7.25% $4,833,000 7.25% 9 Site Corp
 Rare opportunity in so. CA w/ low price/sq ft, corp operates 280+ loc w/ $2.16B revenues in 2006, dense demogrphc, 45K+ vehicles/day
 La-Z-Boy    Lombard IL Furn $4,800,000 24,000 $200 8.00% $4,800,000 8.00% 7 Site Corp
 Chicago suburb, great frontage, 44K+ vehicles/day, renov. in 2004, 12%/3yrs incr at yr 3, (2) 5 yr optn, corp guarantee, med HH inc $70K+
 Jared's Jewelry    Charlotte NC Jwlry $4,676,000 5,996 $780 6.25% $4,676,000 6.25% 18 Site Corp
 Outlot of 1,072K sf super regional mall, corp guarantee, 135 Jared's stores nationwide, avg HH inc $67K+, (4) 5 yr optns, 10% every 5 yrs
 Office Depot    Canon City CO Office $4,389,000 20,686 $212 6.50% $4,389,000 6.50% 15 Site Corp
 Brand new construction, built 2007, new 15 year lease with increases, guaranteed by Office Depot Inc, well located in main retail corridor
 Rite Aid    Las Vegas NV Drug $4,352,000 17,105 $254 6.25% $4,352,000 6.25% 11 Site Corp
 Las Vegas location, rent increases at option, Rite Aid has 3350 stores in 28 states, near high density residential
 Toyota Service Center    Long Beach CA Auto $4,239,000 21,500 $197 7.00% $4,239,000 7.00% 9 Site Corp
 Toyota Motor Corp reported revenue of $202.86B in 2007, S&P rating of AAA, high traffic loc w/ limited future competition, CPI every 3 yrs
 Golden Corral    Rogers AR Rest $4,100,000 11,087 $370 7.30% $4,100,000 7.30% 15 Site Corp
 Adjacent to Super Walmart, master-planned development w/ 350+ acres, 60K daily traffic count, 2008 built, corp sale of $1.53B in 2007
 Applebee's    Riverview FL Rest $3,999,999 5,008 $799 7.00% $3,999,999 7.00% 20 Site Corp
 New 20 year lease, 2006 built, Casual Restaurant Concepts operates 31 Applebee's in FL, on 51K sq ft lot, (2) 5 yrs optn, 7.5% every 5 yrs
 CVS    Houston TX Drug $3,984,933 8,144 $819 6.25% $3,984,933 6.25% 24 Site Corp
 Downtown Houston, only ground level pharmacy in downtown, 4 x 5 year options, located street level of high-rise, 2 million population
 Jared Jewelry    Grand Chute WI Jwlry $3,952,257 5,780 $684 7.00% $3,952,257 7.00% 13 Site Corp
 High traffic loc in Appleton, by 2nd largest mall in WI, corp guarantor w/ 1,300 stores & $1.28B sales, (6) 5 yr optns, 10% every 5 yrs
 Rite Aid    Flushing MI Drug $3,925,000 11,180 $351 7.41% $3,925,000 7.41% 16 Site Corp
 Rite Aid is 3rd largest retail drugstore chain in US, with 3,300 drug stores in 27 states, subject next to Kroger's Grocery, solid location
 Renal Care Facility    Corpus Christi TX Med $3,919,355 8,950 $438 7.50% $3,919,355 7.50% 19 Site Corp
 3rd largest provider for outpatient kidney dialysis srvc, 12.5% bump at yr 10, 2.5% yr 11-20, (3) 5 yr optns, avg HH inc $50K, on 3/4 acres
 Seven Oaks Academy    Fort Collins CO Child $3,904,416 16,009 $244 6.50% $3,904,416 6.50% 18 Site Corp
 Bright Hoizons $1 bilion market cap is guarantor, newer building 2002, 2 acre site, growing market +12% in pop, HH Income over $65K
 Joe's Crab Shack    Stanford FL Rest $3,887,644 8,046 $483 6.75% $3,887,644 6.75% 20 Site Corp
 Lease guaranteed by LLC who owns 120 restaurants, prime location, almost 2 acres of land, solid sales performance and market demos
 Rite Aid    Farrell PA Drug $3,868,469 11,157 $347 7.25% $3,868,469 7.25% 20 Site Corp
 Brand New Rite Aid, 20 year corporate credit, strong PA/Ohio border metro area, population is 55M+ in 5 miles, high 7.25% cap rate
 Walgreens    Joliet IL Drug $3,838,262 13,905 $276 6.89% $3,838,262 6.89% 9 Site Corp
 Chicago area, well established loc, 87% growth in 1 mil radius, (8) 5 yr optns, on 1.42 acres, corp net worth of $12B in Feb 08, NN lease
 Fire Mountain Restaurant    St. Louis MO Rest $3,827,403 11,517 $332 7.00% $3,827,403 7.00% 20 Site Corp
 Fire Mountain owns and operates 310 buffet style restaurants, net worth of $300 million, 2%/yr increases, main artery St Louis location
 CareNow    Grapevive TX Med $3,750,000 7,703 $487 6.25% $3,750,000 6.25% 15 Site Corp
 Great looking building, 2 tenants occupy, good rental location, medical office, 1% rental increases per year, Dallas sub-market
 Renal Care Facility    Memphis TN Med $3,711,803 5,560 $668 7.75% $3,711,803 7.75% 19 Site Corp
 National leader in renal care w/ 109 clinics, high growth industry, 12.5% bump at yr 10, 2.5% bump yr 11-20, (3) 5 yr optns, built 2002
 Rite Aid    Petoskey MI Drug $3,695,000 17,272 $214 8.09% $3,695,000 8.09% 10 Site Corp
 Popular N. MI city, waterfront resort area, corp guarantee, (6) 5 yr optns, visible corner lot at US 131 & US 31 intersection next to hospital
 AutoZone    Brick NJ Auto $3,600,000 6,840 $526 6.25% $3,600,000 6.25% 24 Site Corp
 AutoZone, Inc. (AZO) BBB+ credit, #1 in US, over 3,600 US locations, new store, new 20 year lease, located on New Jersey State Highway
 Ace Hardware    Newnan GA Hrdwr $3,550,000 21,000 $169 8.25% $3,550,000 8.25% 11 Site
 Local Ace Hardware franchisee, solid location, srtrong demos, versatile building, 11 years on initial term, rent increases, near Atlanta
 7-11    Dallas TX Conv $3,486,000 2,940 $1,186 6.70% $3,486,000 6.70% 10 Site Corp
 7-11 does $12 billion annualy in sales, accelerated depreciation benefits due to fuel sales, strong brand name and sub-market demographic
 Ace Hardware    Powder Springs GA Hrdwr $3,450,000 17,500 $197 7.74% $3,450,000 7.74% 10 Site Corp
 Local Ace Hardware/True Value franchisee, 1.5% rental increases annually, solid multi-use location, strong demos, many entry barriers
 Rite Aid    Dayton OH Drug $3,450,000 11,385 $303 7.00% $3,450,000 7.00% 20 Site Corp
 National credit, Rite Aid has 5,000 stores in 31 states, rent increase in 2019, corner outlet retail, infill location, strong traffic counts
 Damon's Grill    Middleburg Heights OH Rest $3,400,000 7,846 $461 8.25% $3,400,000 8.25% 20 Site Corp
 Damon's (Alliance Dvpt) 120 locations, Cleveland suburb, site remodeled in 2002, strong retail market, pop 138M and HH inc $53K
 Ryan's Restaurant    White Settlement TX Rest $3,268,823 10,623 $308 7.00% $3,268,823 7.00% 20 Site Corp
 Ryan's largest buffet operator in US, guarantor has 310 stores, $300 million net worth, good suburban location near 2% increases/yr
 Ryan's Restaurant    Little Rock AR Rest $3,253,860 11,060 $294 7.00% $3,253,860 7.00% 20 Site Corp
 Ryan's Restaurant largest buffet chain in the US, guarantor w/$300 million, over 300 locations, good Little Rock locale, strong demos
 Johnny Carino's    Austin TX Rest $3,202,000 6,018 $532 6.50% $3,202,000 6.50% 13 Site Corp
 Voted 'Best Italian Restaurant' in several cities, newer 200 construction, 1% increases/year, large site in strong Austin retail market
 Ryans Restaurant    Athens GA Rest $3,112,663 11,017 $283 7.00% $3,112,663 7.00% 20 Site Corp
 310 Ryan’s/Fire Mountain buffet restaurants, increases 2%/yr, 20 year term, proven location near the Univ of Georgia, opened 1982
 CVS    Universal City TX Drug $3,103,506 10,908 $285 7.50% $3,103,506 7.50% 9 Site Corp
 CVS Corp guarantee, NNN, built 1998, 9 years initial term, 2% rent bump every 5 years, near dense retail, trophy location, high store sales
 Mini Skool    Dallas TX Child $3,020,000 13,041 $231 7.50% $3,020,000 7.50% 20 Site
 US childcare company 120 locations, 2% rental increases per year, absolute NNN, dense retail, Sachse suburb, reusable beautiful building
 Ryan's Restaurant    Shreveport LA Rest $2,973,031 11,122 $267 7.00% $2,973,031 7.00% 20 Site Corp
 310 Ryan’s and Fire Mountain buffet style restaurants, 2%/year, new 20 yr term, $300 million guarantor, proven location opened in 1989
 Old Chicago    Green Bay WI Food $2,899,352 6,700 $433 7.50% $2,899,352 7.50% 13 Site Corp
 Downtown mall great loc, high traffic 20K+ vehicles, CPI up to 2%/yr, corp guarantee by Rock Bottom w/ $306 M sale & 100+ restaurants
 CVS    Lafayette IN Drug $2,890,000 10,125 $285 7.05% $2,890,000 7.05% 10 Site Corp
 High profile outlot loc to Super Target, dense retail area near Lowes & Home Depot, interior renovated in 2007, (4) 5 yr optn, on 1.23 acre
 Advance Auto Parts    Chicago IL Auto $2,830,000 7,000 $404 7.25% $2,830,000 7.25% 15 Site Corp
 Advanced Auto Parts, 3,000 stores, 75 years of business, new store 2006, 10% increase in year 11, Madison Street in Chicago's west side
 Duckwall-Alco    Greenville IL Retail $2,812,000 25,614 $110 7.25% $2,812,000 7.25% 14 Site Corp
 Brand new building, discount store w/ 260 locs nationwide, $475M sale in 2007, 5% every 5 yrs, (5) 3 yrs optn, on 2.37 acres, 80 parkings
 New Horizon Child Care    Apple Valley MN Child $2,804,681 10,712 $262 7.25% $2,804,681 7.25% 11 Site Corp
 Minneapolis suburb, largest hrly child care provider w/ 58 locs, (3) 5 yr optns, 2004 built, residential loc near jr school, avg HH inc $90K
 Applebee's Grill & Bar    Fargo MD Rest $2,750,000 6,400 $430 7.00% $2,750,000 7.00% 18 Site Corp
 Newer 20 yr lease in largest city of ND, built 2006, experienced operator of 29 locs, 7.5%/5 yrs, (3) 5 yr optns, corp operates 1,800+ locs
 Pilot Bank    Tampa FL Bank $2,747,050 6,364 $432 6.95% $2,747,050 6.95% 15 Site Corp
 FDCI insured commercial bank w/ 7 offices in FL, new 15 yr lease, (4) 5 yr optn, reconstructed in 2006, 4 drive up lanes, on 1.36+ acres
 Applebee's    Tampa FL Rest $2,725,101 5,012 $2,725,101 7.00% $2,725,101 7.00% 20 Site Corp
 Operator headquarted in Tampa, 20 yr lease, (2) 5 yrs optn, 7.5% every 5 yrs, largest casual dining concept in rest units & market share
 Carino's Italian Grill    Alexandria LA Rest $2,670,000 6,069 $440 7.75% $2,670,000 7.75% 12 Site Corp
 Dense retail corridor, corp guarantee by Fired Up operating 160+ restaurants, 1% bumps/year, strong sales location next to regional mall
 Advance Auto    Snellville GA Auto $2,659,529 11,325 $235 7.85% $2,659,529 7.85% 9 Site Corp
 Primary lease guaranteed by Rite Aid Corp, fast growth area w/ high traffic count, (5) 5 yr optns, $1/SF increase, built 1997, on 1.6 acres
 AutoZone    Tampa FL Auto $2,640,000 6,825 $387 6.25% $2,640,000 6.25% 20 Site Corp
 Strong corporate guarantee, AutoZone (AZO) BBB+ credit, new 20 year term, solid suburban location, rent bump at option
 CVS    Stone Mountain GA Drug $2,602,000 10,125 $257 7.35% $2,602,000 7.35% 5 Site Corp
 CVS $56 billion market cap, solid corporate credit, great location, lease through 2012, with bumps every 5 years during option periods
 Baker's Square    Bolingbrook IL Rest $2,560,000 5,000 $512 7.40% $2,560,000 7.40% 14 Site Corp
 Corporate guaranteed, fastest growing Bolingbok sector, strong retail corridor, high traffic counts, near major highways I-55 & I-355
 TGI Friday's    Livonia MI Rest $2,519,000 7,961 $316 7.15% $2,519,000 7.15% 10 Site Corp
 Brand new freestanding TGIF in upscale community, corp guarantee, shadow anchored by Target & Costco, 10% every 5 yrs, (4) 5 yr optns
 CVS    Conway SC Drug $2,480,000 10,125 $245 8.00% $2,480,000 8.00% 10 Site Corp
 Corporate guarantee, hard corner location, percentage plus rental increases every 5 years, assume $1,375 loan at 6.78%, NN lease, built 1998
 Wendy's    Stone Mountain GA Rest $2,479,682 3,123 $794 7.25% $2,479,682 7.25% 20 Site Corp
 Wendy's franchisor BBB Service Company with 58 stores, 20 year term, 1.5% increases start yr 6, 16 miles from downtown Atlanta
 Advance Auto Parts    Kissimmee FL Auto $2,414,164 7,000 $345 6.75% $2,414,164 6.75% 14 Site Corp
 The #2 Auto chain in US, corporate guarantee 3,000 stores, $4.2 billion revenue, built new in 2006, 16 miles from downtown Orlando
 Circle K    Urbana IL Conv $2,411,111 4,000 $603 7.00% $2,411,111 7.00% 13 Site Corp
 Newer company store, built in 2004, rent increases every 5 years, Circle K owned by Alimentation Couche-Tard, solid BB+ credit rating
 Taco Bell    Owensboro KY Rest $2,300,000 5,000 $941 7.40% $2,300,000 7.40% 15 Site Corp
 Southern Bells with 62 restaurants, 2% annual increases, new 15 year lease, 3rd largest city in KY, the MSA has 345,000 population
 Wendy's    Decatur GA Rest $2,284,783 2,926 $780 7.40% $2,284,783 7.40% 20 Site Corp
 Wendy's has 9,600 restaurants worldwide, BBB Service Company is guarantor with 58 stores, new 20 yr term, 1.5%/yr bumps start yr 6
 Burger King    Panama City FL Rest $2,256,168 3,590 $628 6.55% $2,256,168 6.55% 20 Site Corp
 Major Burger King operator in 3 states is guarantor, Goldco Inc. with 55 stores, new 20 yr term, two Panama City locations available
 Arby's    Haltom City TX Rest $2,254,480 3,015 $748 7.00% $2,254,480 7.00% 19 Site Corp
 ARG Corp operates 1,000+ locs, built in 2007, (1) 10 yr optn & (2) 5 yr optns, directly across from Countrywide & Motorola headquarters
 Zaxby's Restaurant    Sherwood AR Rest $2,168,963 3,495 $621 8.00% $2,168,963 8.00% 20 Site Corp
 Zaxby's 350 fast-casual chicken restaurants, Southern states, founded 1990, LLC guarantor $5+ million, located in Little Rock metro area
 Arby's    Galax TX Rest $2,123,677 3,119 $631 7.30% $2,123,677 7.30% 19 Site
 Arby's has over 3500 US locations, subject is strong franchisee, 6% increases in year 5, solid demographics, Houston sub-market
 Denny's    Lincolnton NC Rest $2,028,571 4,796 $423 7.00% $2,028,571 7.00% 20 Site
 Wal-Mart outparcel, $1.5+ million store sales, good demos, 20 year, 1.5% annual bumps, 14 unit operator, corp and personal guarantee
 Verizon Wireless    Wilson NC Comm $2,006,370 4,500 $456 7.85% $2,006,370 7.85% 9 Site Corp
 New construction, leader in cell industry, sales $44B in 2007, 2 x 5 year options + increases, next to Home Depot, 52,000 pop/5 mile growing
 Burger King    Atlanta GA Rest $2,000,000 4,036 $496 7.10% $2,000,000 7.10% 11 Site Corp
 Metro Atlanta area, experienced tenant operates 12+ Burger King locs, adjacent to children oriented tenants, (4) 5 yr optns, on corner lot
 DaVita Medical    Garland TX Office $2,000,000 7,400 $270 7.00% $2,000,000 7.00% 10 Site Corp
 Major credit guarantee, NYSE: DVA, largest dialysis company in US, desireable medical office, Garland is the 10th largest city in Texas
 Taco Bell    Connersville IN Rest $1,897,846 2,057 $923 7.09% $1,897,846 7.09% 15 Site Corp
 Southern Bells is guarantor, assume 5 yr interest only financing provides buyer 7.30% cash-on-cash, LTV of 70% with equity of $569,354
 AT&T    Hartwell GA Comm $1,877,500 3,500 $536 7.00% $1,877,500 7.00% 10 Site Corp
 Largest telcomm co in US & worldwide, high visibility loc, outparcel to WalMart Supercenter, 10% every 6 yrs, (2) 5 yr optns w/ 10%/optn
 Arby's    Albert Lea MN Rest $1,812,207 3,500 $518 6.75% $1,812,207 6.75% 18 Site Corp
 RTM Restaurant Group, strong franchisee, percentage rent: 4% less gross rent, 20 year term started 02/05, dense retail location
 Golden Corral    San Angelo TX Rest $1,806,450 9,252 $195 7.75% $1,806,450 7.75% 10 Site Corp
 Operator with 470 locations, # One Grill Buffet for 9 years, solid retail location, near multiple restaurants, 180 miles NW of San Antonio
 Wendy's    Memphis TN Rest $1,806,081 3,040 $594 7.40% $1,806,081 7.40%