Top 10 Retail Properties 03-06-09

1. Shopping Center in Richmond, TX: 16,195 SF recently constructed shopping center on 1.88 acres of land next to Walgreens. 100% leased by local/regional tenants. NOI $343K/yr. $3.8M. 9.04% Cap.
2. Strip center in Carol Stream, IL: 9655 SF attractive strip center built in 2006 on over 1 acre lot at signalized intersection in prime retail corridor. 100% NNN leased. NOI $128K/yr. $1.840M. 7% Cap.
3. Shopping Center in Lehigh Acres, FL: 31,770 SF shopping center on 3.36 acres of land built in 2005 shadow-anchored by Tax Collectors Office. 100% NNN leased. NOI $444K/yr. $5.282M. 8.5% Cap.
4. Strip Center in Las Vegas, NV: 4165 SF 2-tenants strip center on .46 acre lot across Walgreens in fast growing area. 100% NNN leased. NOI $150K/yr. $1.670M. 9% Cap.
5. Retail Center in Northglenn, CO: 7,048 SF retail center built in 1991 newly renovated near Hwy-25. 100% NNN leased by urgent care/coffee chain. NOI $178K/yr. $2.225M. 8% Cap.
6. Strip Center in Webster, TX: 18,250 SF mature strip center on 1.24 acres of land located on State Hwy-3 at signalized intersection. 95% NNN leased by seven tenants. NOI $178K/yr. $2.1M. 8.49% Cap.
7. Retail Center in San Bernardino, CA: 4874 SF good-looking retail center in densely populated area. 100% NNN leased by 4 stable tenants with 3.5% annual rent increase. NOI $142K/yr. $1.626M. 8.75% Cap.
8. Shopping Center in Elk Grove, CA: 26,074 SF mature shopping center on 2.33 acres of land on main commercial artery. 95% NNN leased. NOI $418K/yr. $5.575M. 7.5% Cap.
9. Popeye’s Restaurant in San Antonio, TX: 2940 SF Popeye’s Restaurant on .82 acres of lot built in 1997 near Central Park Mall. 100% NNN corp leased. NOI $93K/yr. $1.119M. 8.35% Cap.
10. Strip Center in Tulsa, OK: 14,550 SF nice looking strip center built in 2002 close to I-64 shadow-anchored by Stein Mart. 100% NNN leased. NOI $213K/yr. $2.850M. 7.5% Cap
    
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