Best picks of 09-17-08

AHI: Avg Household Income
NOI: Net Operating Income

1. Shopping Center in Peachtree City, GA: 18,467 SF shopping center on 2.22 acres of land built in 2001 with 59% national tenants. 91% NNN leased. NOI $351K/yr. $4.535M. 7.75% Cap.
   - Good tenant mix: Waffle House, Dominos, AT&T, Chinese Restaurant and more
   - Located on Hwy-54
   - Upscale area: AHI $112K/yr within 1 mile radius
2. McAlister’s Deli in Waco, TX: 3900 SF McAlister’s Restaurant on .94 acre lot constructed in 2000. Long absolute NNN lease till 2021 with rent increases. NOI $96K/yr. $1.255M. 7.65% Cap.
   - Located in growing city South of Dallas
   - Experienced operator: currently operating 18 restaurant
   - Strong revenue (Over $1.45M) means business is profitable and you will get the rent
3. Strip Center in Dallas, TX: 10,429 SF strip center on .86 acre lot built in 2005 anchored by Wal-Mart and Sam’s Club with excellent visibility to Fwy-30 near Big Town mall. 100% NNN leased. NOI $210K/yr. $2.850M. 7.4% Cap.
4. Retail Center in Tulsa, OK: 20,300 SF stable retail center built in 1995 with good tenant mix located on intersection just off of I-44. 100% Occupancy. NOI $173K/yr. $1.8M. Strong 9.70% Cap.
5. Office building in Longwood, FL: 6560 SF attractive medical office with excellent exposure in fast growing area Orlando suburb. 75% Occupancy. NOI $138K/yr. $1.380M. 10% Cap. Great potential when last unit is occupied.
6. Taco Mayo in Wichita Falls, TX: One year old Taco Mayo Restaurant on .52 acre lot situated at busy intersection near I-82 in middle-class (AHI $58K/yr) area. 10 years NNN lease. NOI $92K/yr. $1.086M. 8.5% Cap.
   
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