Best 6 Retail Properties 01-28-09

1. Office Building in La Quinta, CA: 5,051 Spanish-style professional office building close to Hwy-111 in a growing/affluent (AHI $145K/yr within 1 mile radius) neighborhood. 100% leased. NOI $134K/yr. $1.495M. 9% Cap.
2. Goddard School in Allen, TX: brand new 10,000 SF day care facility surrounded by middle-class housing. New 15-years NNN lease with 3% annual rent increases. NOI $257K/yr. $3,083M. 8.35% Cap.
3. Retail Pad in Las Vegas, NV: 4110 SF retail pad on .48 acre lot built in 2004. 100% NNN leased. NOI $121K/yr. $1.425M. 8.52% Cap.
4. Office Building in Charlotte, NC: 11,025 SF brick office building on .56 acre lot. New 10-years NNN lease with 3% annual rent increases. $979K. 9% Cap.
5. Shopping Center in Duluth, GA: 15,300 SF shopping center on 1.47 acres of land adjacent to Gwinnett Place Mall. 66% Occupancy. Actual NOI $273K/yr. $3.3M. 8.3% Cap. *Upside Potential when 100% leased
   *Appraised at $3.6M in 2008
6. Rite Aid Pharmacy in Brockton, MA: 13,402 SF Rite Aid Pharmacy on 3.33 acres parcel across from Brockton Hospital. New 20-years absolute NNN lease with 10% increases every 10 years. NOI $281K/yr. $3.3M. 8.5% Cap.
   
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