Top 10 properties among 350+ of 12-04-08

1. Jack in the Box in Fresno, TX: 2036 SF nice-looking Jack in the Box Restaurant on .60 acre lot built in 2002 in growing Houston suburb on Hwy-6. Long absolute NNN corp guarantee lease with 8% rent increases every 5-yr. NOI $115K/yr. $1.577M. 7.3% Cap.
2. Advanced Auto Parts in Minneola, FL: brand new 7000 SF Advance Auto Parts retail building in a fast growing Orlando suburb area. New 15-yrs NNN corp guarantee lease. NOI $165K/yr. $2.205M. 7.5% Cap.
3. Rite Aid Pharmacy in New Bedford, MA: 11,198 SF Rite Aid Pharmacy built in 2001 located at signalized intersection close to St. John’s Hospital and many medical offices. New 20-yr absolute NNN lease with 10% rent increases every ten years. NOI $186K/yr. $2.4M. 7.75% Cap.
4. Pep Boys Auto in Sacramento, CA: 22,341 SF Pep Boys retail building on 2.35 acres of land located at busy thoroughfare close to Hwy-80. New 15-yr absolute NNN corp lease with 1.5% annual increases. NOI $244K/yr. $3.907M. 6.25% Cap.
5. Retail center in Harvey, IL: 8930 SF attractive retail center on .60 acre lot anchored by Community Dialysis of Harvey. 100% NNN leased. NOI $149K/yr. $1.995M. 7.5% Cap.
6. Shopping Center in Gatesville, TX: 22,100 SF one year old shopping center on 2.90 acres outparcel to a center anchored by Wal-Mart with good tenants mix. 100% NNN. NOI $378K/yr. $4.245M. 8.91% Cap.
7. Rite Aid Pharmacy in Carrollton, GA: 11,296 SF Rite Aid Pharmacy in growing area. New 20 years absolute NNN lease with 10% increases every 10 years. NOI $232K/yr. $2.997M. 7.75% Cap. Recession-resistant tenant.
8. Family Dollar Retail Building in Rockford, IL: brand new 9180 SF Family Dollar distinctive looking store on .83 acre lot. New 10 years NN lease with corp guarantee. NOI $80K/yr. $1M. 8% Cap. Recession-resistant tenant.
9. Shopping Center in Austin, TX: 41,248 SF mature shopping center on 3.4 acres of lot conveniently located on Hwy-183 in growing area. NNN leases. $5.950M.
10. New Family Dollar Store in Rex, GA: brand new Family Dollar retail store on .92 acre lot anchored by Food Depot at signalized intersection near I-675 in booming Atlanta suburb. Long NNN lease. NOI $120K/yr. $1.606M. 7.5% Cap.
    
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