Best picks of 09-03-08

1. Lithia Oaks Business Center in Brandon, FL: 24,680 SF beautiful office building on 2.83 acres of land constructed in 2006. 96% Occupancy with 3%-4% annual increases. NOI $285K/yr. $3.350M. 8.53% Cap.
- Location: About .8 miles (3 minutes) from Brandon Regional Hospital, Tampa metro
- Near I-60
- Separate meters/entrances on all suites
2. La-Z-Boy in Morrow, GA: 17,930 SF La-Z-Boy Furniture retail building recently remodeled with about $400,000 in improvements. 100% NNN leased. NOI $310K/yr. $3.765M. 8.25% Cap.
- Outstanding location: Outparcel of South Lake Mall
- La-Z-Boy Corporate Lease
- 2008 Top performing store
3. Higley Marketplace in Gilbert, AZ: 13,635 SF upscale shopping center constructed in 2006 anchored by upscale fitness center. NNN leases. NOI $327K/yr. $4.679M. 7% Cap.
- Located across new Banner Gateway Medical Center
- Close to US-60
- Strong income neighborhood: AHI $94K/yr within 1 mile radius
4. Retail Center in Brentwood, CA: brand new 8,584 SF attractive Tuscan Architecture retail center on .87 acre lot. 100% NNN leased. NOI $265K/yr. $3.788M. 7% Cap.
- Adjacent to new Walgreens Drug Store
- Good tenant mix: It’s a Grind, Numero Uno, Cleaners, Nails and Diggers Diner
- Situated at signalized intersection with great access from three streets
- Growing (47.62%) high income area (AHI $93K/yr)
5. Pep Boys Supercenter in Stockton, CA: 20,923 SF Pep Boys Supercenter retail building on 1.43 acres of land. 100% NNN leased with 1.5% annual rent increases. NOI $230K/yr. $3.685M. 6.25% Cap.
- Corporate lease
- Pride of ownership
- Only $176 per sf
6. Applebee’s Restaurant in Victorville, CA: 5,086 SF Applebee’s Restaurant on 1.74 acre lot built in 2001. 100% absolute NNN lease. NOI $204K/yr. $3.4M. 6% Cap.
- Adjacent to Lowe’s and Kohls across from Regional Mall of Victor Valley
- Located in intersection of I-15 (Over 95,000 CPD)
- Leased till 2021 with 10% rent increase every 5-years+percentage rent clause
- Tenant is the 3rd largest restaurant franchisee
7. Strip center in Norcross, GA: 7,500 SF 3-tenant strip center on .94 acre lot built in 1994. $1.8M. 100% Occupancy. NNN leases. Good investment of 1st time investors. NOI not provided.
- Anchored by Kroger
- Long term leases
- Growing Atlanta suburb
8. Shopping Center in Phoenix, AZ: 28,363 SF well established shopping center. 97% Occupancy. $5.075M. Only $175 per sf. NOI not provided.
- Great potential: rent below market rent
- Near US-60

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