| Representative Transactions |

7-Eleven: Single-Tenant C-Store
Las Vegas, NV
$805,000 | 6.26% CAP
4.5 Years Remaining on Lease; Corporate Guaranteed Lease
Absolute NNN Single-Tenant Investment; Signalized Hard Corner Location
Western Dental: Single-Tenant Retail
Banning, CA
$2,200,000 | 7.29% CAP | $550 PSF
12 Years Remaining on Primary Lease Term; 3% Annual Increases
2008 Construction; Mid-Block Location
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Storefront Retail Building
Laguna Beach, CA
$1,950,000
Owner/User Purchase; Hard Corner Location on Pacific Coast Highway
Storefront Retail w/ Mezzanine Space; Parking on Premises
7-Eleven: Single-Tenant C-Store & Gas Station
Upland, CA
$1,957,000 | 6.50% CAP
9 Years Remaining on Lease Term
Signalized Hard Corner Location; Secondary Trade Area
Walgreens: Single-Tenant Drug Store
Fullerton, CA
$5,265,000 | 7.58% CAP
Buyer Assumed Existing Financing with 2.5 Years Remaining
Rare North Orange County Location; 11 Years Remaining on NN Lease Term

US Bank Building: Two-Tenant Pad
La Quinta, CA
$3,300,000 | 5.42% CAP | $602 PSF
Located within Ralphs Anchored Center; Secondary Neighborhood Retail Location
10 Year US Bank Lease w/ 3% Annual Increases; 2011 Construction

Walgreens: Single-Tenant Drug Store
Garden Grove, CA
$6,750,000 | 6.69% CAP
Existing Financing Assumed by Buyer; 18 Years Remaining on Lease Term
Excellent In-Fill Location in Central Orange County; Ralphs Anchored Shopping Center

Burger King: Single-Tenant Fast Food
Temecula, CA
$1,920,000 | 6.25% CAP
Franchisee Tenant; New 20 Year Lease Extension
Located within Albertson's, Home Depot & Staples Anchored Center

Jerry's Famous Deli: Single-Tenant Storefront Restaurant
Los Angeles, CA
$6,750,000 | 6.74% CAP | $529 PSF
3 Year NNN Sale-Leaseback; Foreign Buyer
Outstanding Location in the Heart of Westwood Village; Adjacent to UCLA Campus

Burger King: Single-Tenant Fast Food
Newport Beach, CA
$2,000,000 | 5.03% CAP | $739 PSF
Franchisee Tenant; 1 Year Remaining on Lease
A+ Location Adjacent to 73 Freeway in John Wayne Airport Business District

Western & Crestwood: Strip Retail Center
Rancho Palos Verdes, CA
$2,195,000 | 7.07% CAP
Mom & Pop Tenants
Signlaized Intersection Location in Primary Retail Trade Area

Walgreens: Single-Tenant Drug Store
Los Angeles, CA
$10,710,000 | 6.68% CAP | $1,368 PSF
Development Pre-Sale; Non-Prototype Store (No Drive-Thru, Small Bldg. & Parcel)
Outstanding Hard-Corner Location at Highland Avenue & Santa Monica Boulevard

7-Eleven: Single-Tenant C-Store & Gas Station
San Diego, CA
$1,090,000 | 5.50% CAP
Excellent El Cajon Boulevard Location Near San Diego State University
New 10 Year Corporate Lease
Burger King: Single-Tenant Fast Food
Aliso Viejo, CA
$2,300,000
Freestanding Pad in Aliso Viejo Town Center (Ralphs, CVS, Staples, BofA, Chase)
Dominant Retail Center in South Orange County within Master-Planned Community
Gallatin Plaza: Supermarket Anchored Shopping Center
Downey, CA
7.20% CAP
Ralphs & McDonald's Anchored Neighborhood Shopping Center
Dense In-Fill Trade Area; Adjacent to 5 Freeway On/Off Ramps
Simply Fondue: Single-Tenant Restaurant
Mission Viejo, CA
$1,800,000 | 8.00% CAP | $450 PSF
10 Year NNN Lease with Annual Increases
Freestanding Pad in Vons & CVS Anchored Center
Jerry's Famous Deli: Single-Tenant Restaurant
Marina Del Rey, CA
$4,800,000 | 6.75% CAP | $524 PSF
New 15 Year Absolute NNN Sale-Leaseback
Freestanding Pad in Villa Marina Marketplace (Pavilions, CVS, AMC Theaters)
Jack in the Box: Single-Tenant Fast Food Ground Lease
Valencia, CA
$1,500,000 | 5.50% CAP
13 Years Remaining on Lease Term
Freestanding Pad to Home Depot Anchor
El Pollo Loco: Single-Tenant Fast Food
Glendora, CA
$1,690,333 | 5.03% CAP
9 Years Remaining on Lease Term
Located at Signalized Intersection on Busy Retail Corridor
Blockbuster Video: Single-Tenant
San Jose, CA
$1,955,000 | 5.94% CAP
3 1/2 Years Remaining on Lease Term; NN Lease
Freestanding Pad in Freeway Adjacent Retail Center
Guys & Dolls Lounge: Single-Tenant Special-Use Building
West Hollywood, CA
$2,250,000 | 5.49% CAP | $888 PSF
15 Year Absolute NNN Lease; 2008 Trophy Construction; A+ Location
Located Adjacent to Cedars Sinai Medical Center and The Beverly Center
Corner Retail Pad: Vacant Land
Huntington Beach, CA
$975,000 | $43 PSF
22,500 Square Foot Parcel; Property Contaminated from Previous Gas Station Use
Owner / User Purchase; Central Orange County Location
Jack in the Box: Single-Tenant Fast Food
Westminster, CA
$1,165,000 | 5.75% CAP
10 Years Remaining on Primary Lease Term
Central Orange County Location
Fresh & Easy: Single-Tenant Supermarket Ground Lease
Henderson, NV
$2,650,000 | 8.49% CAP
2008 Construction; 20 Year Lease Term
Purchased by Fresh & Easy; Part of The Coronado Canyons Shopping Center
Walgreens: Single-Tenant Drug Store
Murietta, CA
$5,750,000 | 7.25% CAP
Brand New Construction; Flat Rent for Full Lease Term
Part of The Orchard - Stone Creek Center Anchored by Super Target
McDonald's: Single-Tenant Fast Food Ground Lease
Las Vegas, NV
$2,470,000
Development Pre-Sale
Transaction Closed in 1 Week Start to Finish
Santa Ana Square: Two-Tenant Pad
Santa Ana, CA
$1,524,000 | 7.25% CAP | $464 PSF
Central Orange County Location
GameStop & WaBa Grill
ConocoPhillips (Union 76): Single-Tenant Ground Lease
Costa Mesa, CA
$860,000 | 3.97% CAP
Outstanding Location on Best Thoroughfare In Trade Area
Arranged Private Party Financing for Buyer
McDonald's: Single-Tenant Fast Food Ground Lease
Lake Havasu City, AZ
$1,787,500 | 5.68% CAP
Development Pre-Sale
Located Adjacent to New Wal-Mart Supercenter
Santa Ana Square: 3-Tenant Retail Center
Santa Ana, CA
$2,500,000 | 6.46% CAP
Central Orange County Location
Denny's, GameStop, WaBa Grill
Office / Retail Building
Tustin, CA
$1,350,000 | $509 PSF
Central Orange County Location
Owner / User Purchase
Wendy's: Single-Tenant Fast Food
Sunnyvale, CA
$2,400,000 | 5.38% CAP | $915 PSF
Excellent Silicon Valley Location; Franchisee Tenant
New 5 Year Lease Extension; Annual Rental Increases
Las Vegas Outlet Center III: Multi-Tenant Pad
Las Vegas, NV
$6,455,000 | 6.84% CAP | $637 PSF
Excellent Las Vegas Boulevard Location
Buffalo Wild Wings, Dunkin' Donuts, Dickey's BBQ Pit
IHOP: Single-Tenant Restaurant
Santa Ana, CA
$1,910,000 | 4.90% CAP | $519 PSF
Franchisee Tenant
Excellent Bristol Street Location in South Coast Metro Trade Area
Walgreens / Fresh & Easy: Two-Tenant Anchor Building
Fountain Valley, CA
$11,025,000 | 6.56% CAP
Two Week Close
Excellent Harbor Boulevard Location
Raising Cane's: Single-Tenant Fast Food
Natchitoches, LA
$1,924,500 | 7.32% CAP | $740 PSF
Development Pre-Sale
Located Adjacent to State University
Denny's: Single-Tenant Restaurant
Foothill Ranch, CA
$4,175,000 | 5.75% CAP | $759 PSF
Franchisee Tenant
Located in Power Center within Master Planned Community
Abalone Point: Multi-Tenant Pad
Torrance, CA
$2,450,000 | 5.88% CAP
Freestanding Pad to Ralph's Supermarket in Excellent In-Fill Location
Radio Shack, Supercuts & Quiznos
Chris & Pitts: Vacant Single-Tenant Restaurant
Fountain Valley, CA
$2,500,000 | $521 PSF
Owner/User Purchase
Operator Vacating Due to Declining Sales; Secondary Location
Circle K: Single-Tenant C-Store & Gas Station
Tucson, AZ
$2,014,000 | 6.10% CAP
Excellent Location Across from the University of Arizona
Absolute NNN Lease
Circle K: Single-Tenant C-Store & Gas Station
Surprise, AZ
$2,800,000 | 6.22% CAP | $800 PSF
Secondary Location
Absolute NNN Lease
Las Vegas Outlet Center II: Multi-Tenant Pad
Las Vegas, NV
$6,125,000 | 6.00% CAP | $583 PSF
Excellent Las Vegas Boulevard Location; Development Pre-Sale
Tropical Smoothie, Embarq, UPS Store, Mom & Pop
Original Tommy's: Single-Tenant Fast Food
Henderson, NV
$2,700,000 | 5.78% CAP | $1,083 PSF
Master Planned Community Location
Development Pre-Sale
Las Vegas Outlet Center I: Multi-Tenant Pad
Las Vegas, NV
$4,750,000 | 6.18% CAP | $568 PSF
Excellent Las Vegas Boulevard Location; Development Pre-Sale
Wienerschnitzel, T-Mobile, Carvel Ice Cream, Quiznos, Koster's Cash Loans
Jiffy Lube: Single-Tenant
Camarillo, CA
$2,075,000 | 5.49% CAP | $485 PSF
Single Location Franchisee Tenant; High Rent
Development Pre-Sale
Jack in the Box: Single-Tenant Fast Food
Montebello, CA
$1,410,000 | 5.50% CAP | $606 PSF
Older Building
Secondary Intersection Location
Raising Cane's: Single-Tenant Fast Food
Las Vegas, NV
$2,970,000 | 6.06% CAP | $983 PSF
Franchisee Tenant; Development Pre-Sale
Excellent Las Vegas Boulevard Location
Oceanside Square: Strip Retail Center
Oceanside, CA
$7,400,000 | 6.44% CAP
Mom & Pop Tenants
Secondary "Neighborhood" Location
Spirit Gas Station: Single-Tenant Ground Lease
Norco, CA
$1,310,000 | 5.50% CAP
Leased Fee Interest; Secondary Location
Franchisee Tenant
Valley Plaza: Strip Retail Center
Garden Grove, CA
$1,870,000
Significant Dry Cleaner Contamination
Problematic Mom & Pop Tenants
Scripps Trident Plaza: Multi-Tenant Pad
Poway, CA
$2,725,000 | 5.03% CAP | $485 PSF
Mom & Pop Tenants
End-Cap Tenant Vacating Shortly After Close
Goodyear Tires: Single-Tenant
Riverside, CA
$1,550,000 | 5.49% CAP
Franchisee Tenant
Secondary Mid-Block Location
Alessandro Plaza: Mixed-Use Retail & Office
Palm Desert, CA
$4,525,000 | 6.80% CAP
2-Story Building; Secondary Location
World Savings, Press-Enterprise, NationsBuilders Insurance, Aussie Nad's Corp.
Stater Bros. Shops: Strip Retail Center
Norco, CA
$1,550,000
15% Vacant at COE
Mom & Pop Tenants; Redevelopment Opportunity
Goodyear Tires: Single-Tenant
La Quinta, CA
$3,000,000 | 5.80% CAP | $508 PSF
Franchisee Tenant
Development Pre-Sale
Big 5 Sporting Goods: Single-Tenant
Torrance, CA
$2,315,000 | 5.50% CAP
Short Lease Term Remaining
Mid-Block Location
Plaza del Sol & Former Shell Station: Strip Retail Center
Whittier, CA
$2,260,000
Redevelopment Opportunity
Secondary 'Neighborhood' Location; Mom & Pop Tenants
Goodyear Tires & Jiffy Lube: Two-Tenant Retail Center
Norco, CA
$2,300,000 | 6.31% CAP
Franchisee Tenants; Secondary Location
Development Pre-Sale
Arby's: Single-Tenant Fast Food
Norco, CA
$1,900,000 | 5.47% CAP | $774 PSF
Franchisee Tenant
Freeway Visible Building Adjacent to On/Off Ramp
Union 76 Gas Station: Single-Tenant Ground Lease
Seal Beach, CA
$2,000,000 | 6.00% CAP
Leased Fee Interest
Short Lease Term Remaining
Washington Mutual Bank: Single-Tenant Bank
Lake Elsinore, CA
$2,890,000 | 5.50% CAP | $578 PSF
First Building Developed in Office Park
Development Pre-Sale
Retail Pad: Vacant Land
Murietta, CA
$1,320,000
43,992 Square Food Land Pad
Outparcel to Lowe's & Kohl's Anchored Center
Corner Retail Pad: Vacant Land
Carlsbad, CA
$915,000
30,056 Square Food Land Pad
Outparcel to Sav-on Anchored Center
Washington Mutual Bank: Single-Tenant Bank
San Marcos, CA
$3,350,000 | 5.12% CAP | $657 PSF
Outparcel to Ralph's & Long's Drugs Anchored Center
Non-Drive-Thru Location; Across from Cal State University San Marcos
Sizzler: Single-Tenant Restaurant
Oceanside, CA
$1,872,000 | 7.00% CAP
Franchisee Tenant
Albertson's Vacating Center
Starbucks & Banco Popular: Two-Tenant Pad
Bell, CA
$2,100,000 | 6.43% CAP | $695 PSF
Excellent Signalized Corner Location
Rent Significantly Above Market
Weinerschnitzel: Single-Tenant Fast Food
Bakersfield, CA
$600,000 | 6.50% CAP
Low Rent; Outlying "Oildale" Location
Low Tenant Sales Volume
Scripps Trident Plaza: Strip Retail Center
Poway, CA
$8,600,000
Outlying "Edge-of-Trade-Area" Location
US Bank, Chevron, Carl's Jr., Domino's, Postal Annex, Mom & Pop
Norco Town Center Shops: Strip Retail Center
Norco, CA
$2,850,000 | 8.09% CAP
Excellent Freeway Adjacent Corner Location
Rubio's, Hong Kong Express, Cingular, Papa John's, Quiznos, Fantastic Sams
2 Hutton Center: Strip Retail Center
Santa Ana, CA
$5,747,000
Trophy Property; In-Fill Hutton Center Location on MacArthur Boulevard
Starbucks, Rubio's, Daphne's, Sbarro, Togo's
Union 76 C-Store/Gas Station/Car Wash: Single-Tenant Ground Lease
Riverside, CA
$1,625,000
Franchisee Tenant; Leased Fee Interest
Minimal Rental Increases
Vista Palomar Park: Strip Retail Center
Vista, CA
$9,600,000 | 8.30% CAP
Excellent Vista/Carlsbad Location
Wells Fargo, Jack in the Box, Taco Bell, Submarina, Postal Annex, State Farm
McDonald's: Single-Tenant Fast Food Ground Lease
Riverside, CA
$1,072,000 | 7.00% CAP
Leased Fee Interest
Corporate Lease
Blockbuster Video & Carl's Jr.: Two-Tenant Retail Center
Alhambra, CA
$2,730,000
All Cash Buyer
Fee Simple Blockbuster and Carl's Jr. Ground Lease






























































