Top 10 properties among 350+ 02/06/09

AHI: Avg Household Income

1. Rite Aid in Douglasville, GA: 11,275 SF pharmacy on 2 acres parcel in a growing and high income town in Atlanta suburb. New 20 yrs absolute NNN lease. NOI $255K/yr. with 10% rent bump every 10 yrs. $3.292M. 7.75% cap.
2. Medical Office Building in Port Jefferson, NY: 12,477 SF 2-story office building on .62 acres parcel across from John Mather Memorial Hospital in a high income town (AHI $111K/yr) in the suburb of New York City. 100% NNN leased. NOI $331K/yr. $3.95M. 8.4% cap.
3. Shopping Center in Norcross, GA: 103,402 SF shopping center on 9.87 acres corner parcel in Atlanta metro with 4 points of ingress/egress. Anchored by Food Depot Grocery 100% NNN leased. NOI $792K/yr. $9.9M. 8% cap.
4. Strip Mall in Orange Park, FL: 13,800 SF strip center on 1.25 acres lot near Orange Park Mall in a growing Jacksonville metro. 91% NNN leased. NOI $137K/yr. $1.725M. 7.95% cap.
5. Family Dollar Store in Tampa, FL: 10,000 SF Family Dollar store on 1.75 acres lot in a stable area. 100% NNN corp lease. NOI $75K/yr. Only $882K. 8.5% cap.
6. Shopping Center in Romeoville, IL: 11,167 SF retail center built in 2004 on 1.44 acres lot near I-55 in a booming and high income Chicago suburb (95% growth since 2000). 100% NNN leased. NOI $157K/yr. $1.9M. 8.29% cap. Only $170/SF!
7. Shopping Center in Corpus Christi, TX: 23,175 SF shopping center developed in 2007 on 3.47 acres lot at a signalized intersection in a growing and strong income area. 100% NNN leased. NOI $429K/yr. 5.4M. 8% cap.
· High-quality construction
· Excellent visibility
8. Starbucks in Fort Myers, FL: 1750 SF brand new Starbucks Coffee shop just off I-75 exit in a wealthy (AHI $159K/yr) area. 10 yrs NNN corp lease. NOI $150K/yr. $2.04M. 7.35% cap.
9. Rite Aid in Clemson, NC: 14,547 SF drug store on 1.68 acres lot in a growing and high income Winston-Salem metro. 20 yrs NNN lease with 10% rent bump every 10 yrs. $2.662M. 8% cap.
10. Jiffy Lube in Pearland, TX: 4155 SF new Jiffy Lube on 1.5 acres parcel in a booming (81% growth) middle class (AHI $86K/yr) Houston suburb. 20 yrs absolute NNN lease by an experienced franchisee with 112 stores. NOI $151K/yr with 10% rent increase each 5 yrs. $1.896M. 8% cap.

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