Top 9 Retail Properties of 03-10-09

1. Shopping Center in Pomona, CA: 34,597 SF eye-catching shopping center on 2.38 acres of land built in 1990 under recent major upgrades. On busy thoroughfare with easy access to Fwy-71/60. 97% leased. NOI $620K/yr. $8.950M. 7% Cap.
2. Jiffy Lube in Pearland, TX: brand new 4155 SF retail building on 1.53 acres of parcel in booming Houston suburbs. 100% NNN leased by 3rd largest franchisee currently operating 112+ stores. NOI $151K/yr. $1.896M. 8% Cap.
3. Medical Office in Redding, CA: beautiful 5320 SF medical office built in 2007 at intersection across DMV. NOI $81K/yr. $1.250M. 6.5% Cap. Sale price is subject to Short Sale approval.
4. Advance Auto Parts in Birmingham, AL: 6,000 SF retail building on 1.61 acres of land next to Publix supermarket anchored center situated at intersection near I-459/65. 100% absolute NNN copr lease. NOI $138K/yr. $1.826M. 7.6% Cap.
5. Retail Center in Gilbert, AZ: 7,500 SF upscale retail building recently constructed across Safeway at a highly visible location. NNN. NOI $210K/yr. $2.8M. 7.5% Cap.
6. Lone Star Steakhouse in Dayton, OH: 6792 SF free standing restaurant along I-75. 100% NNN leased with corp guarantee plus 2% annual rent boost. NOI $460K/yr. $4.605M. 10% Cap.
7. Strip Center in North Palm Beach, FL: 15,888 SF stable shopping center on 1.68 acres of land along boulevard near US-1. 100% NNN leased. NOI $224K/yr. $2.999M. 7.50% Cap.
8. Dollar General in Houston, TX: 9,014 SF retail building built in 2007 close to Fwy-45 in fast growing city. 100% NNN corp lease. NOI $82K/yr. $1.029M. 8% Cap.
9. Applebee’s Restaurant in Chanhassen, MN: 5463 SF restaurant on 1.23 acres of land built in 1999 next to Walgreens off of Hwy-5 in affluent (AHI $121K/yr) Minneapolis suburbs. NOI $178K/yr. $2.230M. 8% Cap.
   
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