Top 7 Properties of Feb 13, 2009

1. Strip Center in Bartlett, TN: 13,940 SF strip center on almost 3 acres of land built in 2004 near Wolfchase Gallerial Mall in dominant retail area in Memphis metro. NNN leases. NOI $228K/yr. $2.450M. 9.34% Cap.
2. Strip Center in Mansfield, OH: 13,400 SF two-tenants strip center on 1.25 acres of land in major retail corridor near Wal-Mart Supercenter. 100% NNN leased. NOI $292K/yr. $3.630M. 8.04% Cap. Buyer to assume $2.350M loan at 5.56%.
3. Shopping Center in Tucson, AZ: 79,121 SF attractive center on 5.68 acres of parcel renovated in 02/08 shadow anchored by Save-A-Lot Grocery. 87% NNN leased. ACTUAL NOI $462K/yr. $5.725M. 8.10% Cap.
   Upside potential when fully leased
4. Arby’s Restaurant in American Fork, UT: 3700 SF Restaurant on over 1 acre lot in growing area surrounded by many national tenants. 100% absolute NNN corp lease. NOI $114K/yr. $1.350M. 8.5% Cap.
5. Joe’s Crab Shack Restaurant in Houston, TX: 8,500 SF Restaurant beautifully landscaped on Hwy-6 close to West Oaks Mall. 100% absolute NNN corp lease with 10% increases ever 5-yrs. NOI $259K/yr. $3.054M. 8.5% Cap.
6. Macaroni Grill Restaurant in Grapevine, TX: 7,876 SF restaurant on 1.84 acres of land built in 1992 with great visibility to Hwy-114/121. New 20-yrs absolute NNN corp lease with 2% annual increases. NOI $223K/yr. $2.787M. 8% Cap.
7. Retail Center in Hattiesburg, MS: 13,500 SF retail center recently built on 1.17 acres of parcel adjacent to Wal-Mart Sepercenter. 100% NNN leased. NOI $221K/yr. $2.845M. 7.8% Cap.
   
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