Best Retail Properties of Jan 30, 2009

1. Cottonwood Crossing Center in Irving, TX: 57,571 SF recently renovated shopping center on 5.78 acres of land ideally situated between Hwy-161/183 in Dallas metro. 96.2% NNN leased. NOI $689K/yr. 8.5M. 8.22% Cap.
2. Strip Center in Holland, OH: 17,500 SF nice-looking strip center on 3.62 acres of parcel built in 2005 on busy thoroughfare near I-475. NOI $247K/yr. $2.750M. 9% Cap.
3. AUCTION-- Office Building in Spartanburg, SC: 10,989 SF office building on .79 acre lot near Mary Block Hospital. 100% NNN leased by Mary Black Health Systems. NOI $140K/yr. $1.6M. 8.75% Cap.
4. Strip Center in Alcoa, TN: 19,325 SF strip center on 1.56 acres built in 2006 in growing area at signalized intersection close to I-129 in Memphis suburb. 100% leased. NOI $369K/yr. $4.1M 9% Cap.
5. Childtime Childcare in Chula Vista, CA: 8280 SF day care center on .96 acre lot built in 2000 surrounded by luxurious new housing development near I-805. Long NNN corp lease by a national childcare provider. NOI $203K/yr. $2.548M. 8% Cap.
6. Auto Zone in Moreno Valley, CA: 7,400 SF recently constructed Auto Zone retail building on .73 acre lot across Home Depot. New 20 years NNN corp lease with 10% boost every 5-years. NOI $159K/yr. $2.650M. 6% Cap.
7. Neighborhood Center in Escondido, CA: 22,140 SF beautiful shopping center on 1.42 acres of land shadow anchored by Albertsons Supermarket with only one small unit vacant. NOI $549K/yr. $6.460M. 8.5% Cap.
8. Retail Building in Corona, CA: 21,000 SF mature retail building on over 1 acre lot. New 5-years NNN lease. NOI $234K/yr. $2.1M. 10% Cap.
   
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