Best picks of 09-15-08

1. Anchored Center in Sioux City, IA: 19,881 SF attractive strip center on 1.78 acres of land constructed in 2004 anchored by Wal-Mart. 100% NNN leased. NOI$219K/yr. $2.585M. 8.5% Cap.
   - National/local tenants: Sport Clip Haircuts, Cato, Sally Beauty Supply and Verizon Wireless Good access to busy Blvd
   - Near I-75
2. The Learning Experience in Independence, MI: brand new 12,500 SF The Learning Experience Day Care on 2.15 acres. 15 year NNN lease with 12% rent increases every five years. NOI $296K/yr. $3.3M. 9% Cap.
   - Corporate location
   - 5,000 SF fenced-in outdoor playground
   - Near I-75
   - Affluent area (AHI of $124K/yr)
3. The Learning Experience in Sterling Heights, MI: 11,025 SF The Learning Experience Day Care Center built in 2007. Long NNN lease with 12% rent increases every five (5) years. NOI $236K/yr. $2.703M. 8.75% Cap.
   - Corp guarantee
   - Growing/stable ($71K/yr) Detroit suburb
   - Just blocks from Lakeside Mall near I-53
4. Shopping Center in Whittier, CA: 22,028 SF shopping center on 1.27 acres of land built in 1985. 96% Occupancy. NNN leases except one unit. NOI $469K/yr. $6.350M. 7.4% Cap.
   - Location: Busy signalized intersection
   - National tenants: Coffee Bean and Tea Leas, Subway, H&R Block, ReMax and Supercuts
   $288.27 per SF.
5. Strip Center in Ridgeland, MS: 14, 872 SF nice-looking retail center on 1.71 acres constructed in 2005 anchored by Northpark Mall and Wal-Mart Supercenter. 83% Occupancy. NOI $237K/yr. 9.8% ACTUAL Cap.
6. Single tenant retail building in Atlanta, GA: 5683 SF single tenant retail building on .83 acre lot. NOI/Price not available. 10% Cap.
   - Great location just off of I-85
   - Adult Club/bar
   - Growing middle-class ($54K/yr) neighborhood
   
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