Best Commercial Retail 10-09-08

1. Shopping Center in Oakdale, CA: 38,490 SF one year old anchored shopping center on 2.8 acre lot located in growing/middle-class (AHI $66K/yr.) North East of Modesto. 97% Occupancy. NNN. NOI $487K/yr. $6.290M. 7.75% Cap.
2. Rite Aid Pharmacy in Douglasville, GA: 11,275 SF Rite Aid Pharmacy on 1.92 acres of land in fast growing Atlanta suburb. New 20 years absolute NNN lease with rent increases. NOI $255K/yr. $3.402M. 7.5% Cap.
3. Office Building in Bedford, TX: 25,130 SF attractive office building constructed in 1984 conveniently located on Fwy 183 near DFW Airport. 100% Occupancy. NOI $173K/yr. $2M. 8.65% Cap.
4. Highland Pavilion Retail Center in Hiram, GA: 49,667 SF beautiful retail center built in 2005 on 4.93 acres of land at a signalized intersection. 94% Occupancy. NOI $704K/yr. $9.3M. 7.58% Cap.
   -Anchored Retail Center
   -Strong tenant mix
   -Growing Atlanta suburb
5. College Eye & Medical Center in Beaumont, TX: 22, 750 SF multi-tenant medical office building across Memorial Hermann Baptist Hospital. 80% Occupancy. NOI $212K/yr. $2.5M. 8.5% Actual Cap. More income/higher cap rate when 100% leased.
6. Retail Center in Carrolton, TX: 9,204 SF 3-retail buildings on 1.8 acre lot in the suburb of Dallas. 100% Occupancy. NOI $197K/yr. $2.4M. 8.32% Cap. Buyer to assume $1.206M. at 5.15%
   -Stable tenants: same tenants have been there since 2002
   -Good tenant mix
7. Family Dollar in Birmingham, AL: 12,035 SF one year old Family Dollar retail building on .95 acre lot at signalized intersection near I-20. 100% Occupancy. NNN. NOI $96K/yr. $1.175M. 8.25% Cap. Recession-resistant business.
8. Family Dollar in San Antonio, TX: 9,180 SF brand new Family Dollar building on .78 acre parcel. 10 years NN corp lease. NOI $84K/yr. $1.058M. 8% Cap. Recession-resistant business.
   
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