Top 9 retail properties 11-17-08

1. Shopping center in Fresno, CA: 36,501 SF retail center built in 1990 on a prime commercial corridor on West Shaw ave with easy access to hwy 99. 91% NNN leased by 10 tenants. Actual NOI $465K/yr. $5.819M. 8% cap.
2. Childtime Learning Center in Oceanside, CA: 8820 SF retail building on over 1 acre lot built in 2001. 100% absolute NNN lease with CPI increases. NOI $222K/yr. $3.068M. 7.25% Cap.
   - Corporate guarantee with 1,100 facilities nationwide
   - Located in wealthy neighborhood: AHI $80K/yr within 1 mile radius
3. Advance Auto Parts in San Antonio, TX: 7000 SF one year old Advance Auto Parts retail building on .97 acre lot situated on hard corner near I-35. 15-year NNN corporate guarantee. NOI $129K/yr. $1.682M. 7.68% Cap.
4. Retail Center in Hutto, TX: 19,287 SF nice-looking strip center on 1.69 acres of land build in 2004 with excellent visibility from Hwy-79 in fast growing area. NOI $270K/yr. $3.220M. 8.39% Cap. Buyer to assume $1.5M at 6.15% interest rate.
5. Strip Center in Sacramento, CA: 20,253 SF stable retail center on 1.28 acres of parcel on 1.28 acres with good tenant mix. 100% NNN leased. NOI $303K/yr. $3.536M. 8.57% Cap. Buyer to assume $2.350M. at 6% interest rate.
6. Shopping Center across Six Flags in Gurnee, IL: 19,865 SF shopping center on 1.38 acres of land constructed in 1986 across Six Flags Great America. 100% Occupancy. NOI $325K/yr. $3.616M. 9% Cap.
7. Shopping Center in Mission, TX: 13600 SF shopping center on 1.25 acres of land recently constructed anchored by Home Depot in growing/middle-class (AHI $58K/yr) area near I-83. 100% NNN leased. NOI $281K/yr. $3.633M. 7.75% Cap.
8. Retail Center in Cape Coral, FL: brand new 7,257 SF retail center on .74 acre lot anchored by Super Wal-Mart at signalized intersection. 100% NNN leased. NOI $223K/yr. $2.975M. 7.5% Cap.
9. Strip Center in Houston, TX: brand new 9,288 SF strip center in growing/middle-class (AHI $73K/yr. within 1 mile) neighborhood. 100% NNN leased. NOI $116K/yr. $1.5M. 7.79% Cap.
   
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