Best Retail Properties Among 360+ on 01-14-09

1. Office building In Houston Clearlake, TX: 21,418 SF office building on 1.25 acres parcel in the Clear Lake NASA master-planned area. 96% leased. NOI $175K/yr. $2M. 9.5% cap.
2. Shopping Center in Euless, TX: 12,019 SF new upscale strip center on 1.46 acres outparcel to a 1 Million SF Lifestyle center anchored by Lowes, Staples, Ross, Marshall, Petsmart, LA Fitness, Bed, Bath & Beyond. Fast growing and affluent (AHI over $98K/yr) Dallas suburb. Great tenants. NOI $314K/yr. $4.215M. 7.47% cap.
3. Inline Retail center in Keller, TX: 21,787 SF inline retail center shadow anchored by Kroger Supermarket in a booming (80% growth since 2000) and affluent (AHI over $99K/yr) Dallas suburb.100% NNN leased by 8 brand name tenants: Papa John’s Pizza, Great Clips, BlockBuster, Leslie Pools, Palm Beach Tan, AT&T Wireless, & GNC. NOI $354K/yr. $4.425M. 8% cap.
4. Retail/Office building in Santee, CA: 20,518 SF 2-story 24-unit center on 1.2 acres parcel in San Diego metro. 92% leased with mostly below market rent. NOI $296K/yr. Price reduced to 3.895M. 7.6% cap.
5. Shopping Center in Escondido, CA: 22,140 SF 7-unit inline retail center between Albertson’s and 24-Hr fitness in San Diego metro. Proforma NOI $549K/yr. $6.875M. 8% cap.
6. Just Brakes in Tampa, FL: 3800 SF brand new Just Brakes car repair center on ½ acre lot with over 150 stores. 10 yrs absolute NNN lease with corp guaranty. NOI $102K/yr with 10% rent bump every 5 yrs. $1.28M. 8% cap.
7. Restaurant/Night Club in West Covina, CA: 17,500 SF restaurant on 2.4 acres lot adjacent to 1.2 Million SF 208 store Westfield Mall adjacent to I-10. 15 yrs NNN lease by Crazy Horse restaurant & Night Club which has been in the business for over 20 yrs. NOI $418K/yr. with 12% rent increase every 5 yrs.
   · Property under $1M renovation last year.
   · Price reduced from $5.95M to $4.6M. 9.2% cap!
   · Westfield is expanding to the lot next to the restaurant to provide space for Best Buy and 5 restaurants.
8. Shopping Plaza in Houston, TX: 17,500 Sf shopping center on 1.75 acres lot in SouthWest Houston. 93% NNN leased by 10 tenants. NOI $265K/yr. $2.795M. 9.5% cap.
9. Office Building in West Valley City, UT: 31,748 SF 3-story office building on 1.88 acres lot with easy access to I-215, I-15 and I-80 in Salt lake City metro. Anchored by UPS. 100% leased by 4 tenants. NOI $285K/yr. $3.15M. 9% cap.