Top 5 retail properties of 02-05-09

1. Strip Center in Irving, TX: 2-years old 14,415 SF strip center on over 3 acres of land across I-635 in dominant affluent Dallas suburb. 100% NNN leased. NOI $314K/yr. $3.3M. 9.54% Cap.
2. Walgreen’s Pharmacy in Olympia Fields, IL: 14,490 SF Walgreen’s Pharmacy on 1.42 acres of parcel built in 2004 at a signalized intersection in a wealthy Chicago suburb. Long absolute NNN lease. NOI $349K/yr. $4.861M. 7.2% Cap.
3. Rite Aid Pharmacy in Las Vegas, NV: 16,709 SF Rite Aid Pharmacy in growing middle-class (AHI $70K/yr within 1 mile radius) area. Long NNN corp lease. NOI $366K/yr. $4.575M. 8% Cap.
4. Shopping Center in Richmond, TX: 16,195 SF shopping center built in 2007 on 1.88 acres of land. 100% leased by local/regional tenants. NOI $343K/yr. $3.8M. 9.04% cap.
5. Shopping Center in Houston, TX: mature 14,459 SF well-maintained retail center on 1.44 acres of parcel in fast growing area. 89% NNN leased. NOI $147K/yr. 8.4% Actual Cap.
   Upside potential: additional income when fully leased.
   
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