Top 9 retail properties 11-18-08

1. Shopping Center in Chattanooga, TN: 12,500 SF strip center built in 2006 on 1.75 acres outparcel to Home Depot/Lowes. Across from Hamilton Place Mall near I-75. 100% NNN leased. NOI $223K/yr. $2.650M. 8.42% Cap.
2. Jack in the Box Restaurant in Houston, TX: 3355 SF Restaurant on a major thoroughfare with excellent visibility from Hwy-59. Long corp NNN lease. NOI $90K/yr. $1.210M. 7.5% Cap.
   Restaurant has been in this location since the mid-1960s.
3. Coal Mine Shops in Littleton, CO: 7559 SF strip center on 1.31 acres of lot built in 2000 with national tenants in a well-off (AHI $92K/yr within 1 mile radius) Denver suburb. 100% NNN leased. NOI $179K/yr. $2.150M. 8.36% Cap.
   Adjacent to Walgreens/across from Kroger Center
   Center always 100% leased.
4. Medical Retail Building in Cypress, TX: 9230 SF multi-tenant medical building next to Walgreens built in 2005. 100% NNN leased. NOI $166K/yr. $2.130M. 7.8% Cap.
   Stable tenants: Cy-Fair Medical Partners, totally owned by subsidiary of Tenet Healthcare corp. and FastBraces, Orthodontics Practice with currently 15+ practices.
5. Shopping Center in Lancaster, CA: 32,662 SF shopping center on 2.37 acres parcel constructed in 2005 & anchored by Dollar Tree on major signalized intersection. 100% NNN leased. NOI $378K/yr. $5.658M. 6.69% Cap.
6. Beautiful Shopping Center in Frisco, TX: 22,028 SF attractive 10 yrs old shopping center on 2.69 acres lot in an affluent (AHI $110K/yr within 1 mile radius) area. 91% Occupancy. NNN. NOI $368K/yr. $4.5M. 8.19% Cap.
   Good tenant mix: Auto Zone, Pizza, Nail Salon, Pro Cuts, Orthodontist, Tanning salon, and more.
7. Shopping Center in Houston, TX: 7848 SF beautiful shopping center built in 2005 with monument sign for extra tenants visibility. 100% NNN leased. NOI $226K/yr. $3.015M. 7.50% Cap.
8. Strip Center in Port St Lucie, FL: 8140 SF strip center constructed in 2007 with national tenants. Actual NOI $174K/yr. $2.150M. 8.12% Cap.
   Upside potential when vacant unit is leased
9. Shops at Woodland Hills in Cordova, TN: 20,400 SF shopping center on 2.39 acres of land built in 2005 just off of Hwy-193 along major retail corridor. 100% NNN leased. NOI $306K/yr. $4M. 7.66% Cap.
   
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