Best Retail/Commercial Properties 10-06-08

1. Sports Authority in Wichita, KS: 52,259 SF Sports Authority store on 5.6 acres of land near Wichita State University in a stable city. 100% NNN leased. NOI $511K/yr with 10% rent bump every 5 yrs. $6.6M. 7.75% cap rate.
   >Completely renovated in 2002
   >Corp lease
   >Motivated seller.
2. Village Shops in Houston suburb, TX: 64,813 SF 32-units trophy shopping center on 4.78 acres corner parcel on a prime commercial district in a high income area with AHI over $73K/yr. 82% NNN leased. NOI $786K/yr. $8.785M. 9% cap.
   >Corner lot with 3 separate frontages
   >Heavy 70,000 vehicle per day
3. Rite Aid in Braintree, MA: 12,044 SF pharmacy on 1.1 acres corner lot in a high income (AHI $95K/yr) Boston suburban. 100% NNN leased. NOI $299K/yr. $3.985M. 7.5% cap.
4. Office building in Birmingham, AL: 26,000 SF class-a office building constructed in 2001 on 4 acres of land in a growing and high income (AHI over $88K/yr). 100% NNN leased. NOI $372K/yr. $4.8M. 7.75% cap.
5. Retail building in Marietta, GA: 20,000 SF 3-unit retail building in a growing and high income (AHI $89K/yr) Atlanta suburb. 80% NNN leased. NOI $211K/yr. $2.35M. 9% cap.
   >Below market rent ($1/SF/month) means upside potential
   >Only $117/SF means you buy it cheap at low construction costs.
6. Rare strip mall in Santa Clara, CA: 7200 SF totally renovated strip center on El Camino Real between Saint Thomas & Lawrence exprewways. 60% NNN leased. NOI $227K/yr. $3.799M. 6% cap.
7. Strip mall in Granite Bay, CA: 5916 SF 3-unit upscale strip built in 204 in a booming (30% since 2000) and affluent Sacramento metro with AHI over $108K/yr. 100% NNN leased by Taco Bell, Quiznos and Fosco Italian market. NOI $168K/yr. $2.795M. 6.04% cap.
8. Retail center in Mansfield, TX: 18,118 SF upscale retail center built in 2004 on 1.9 acres of land just in a fast growing (61% since 2000) and high income (AHI $86K/yr) Dallas suburb. 92% NNN leased. NOI $310K/yr. $4.1M. 7.57% cap.
9. Retail plaza in San Antonio, TX: 25,202 SF plaza on 1.83 acres lot. 83% NNN leased. NOI $184K/yr. $2.3M. 8% cap