Best Retail Properties 12-31-08

1. Muli-Tenant Shopping Center in Temecula, CA: 11,461 SF beautiful shopping center on 18.11 acres of land anchored by Albertsons Supermarket with eight national/credit tenants. 100% NNN leased. NOI $381K/yr. $5.650M. 6.76% Cap. Buyer to assume $2.880M at attractive 5.74% rate.
2. Advance Auto Parts in Nederland, TX: 7000 SF Advance Auto Parts retail building on .94 acre of land built in 2003 in growing Houston suburb. 100% NNN leased. NOI $84K/yr. $1.139M. 7.4% Cap.
3. Strip Center in Chicago, IL: 6,715 SF strip center with well established tenants on busy thoroughfare near St. Francis Hospital. 100% NNN leased. NOI $153K/yr. $1.7M. 9% Cap.
4. Office Building in Tulare, CA: 5016 SF attractive office building in fast growing area near I-99. 100% NNN leased. $1.285M. 7.5% Cap.
5. Shopping Center in Alpharetta, GA: 23,765 SF shopping center on 2.87 acres of parcel built in 1999 in a desirable area of Metro Atlanta. 100% NNN leased. $6.033M.
6. Taco John’s in Kennewick, WA: 1768 SF Taco John’s Restaurant recently renovated leased by experienced operator. 20-years NNN lease with rent increases. NOI $59K/yr. $857K. 7% Cap.
7. Office Building in Las Vegas, NV: 15,972 SF upscale office building on 1.25 acres of land built in 2005 near US-95. 100% NNN leased. NOI $325K/yr. $ 4.6M. 7.75% Cap.
8. Retail Building in Las Vegas, NV: 4,000 SF single tenant building on .39 acre lot built in 1992 across Wal-Mart on busy thoroughfare. 100% NNN lease. NOI $90K/yr. $1.175M. 7.7% Cap.
   
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