Top 6 Properties of 04-20-09

1. Office Building in Chandler, AZ: 9300 SF 2-story office building on .6 acre lot on a major blvd in Phoenix metro. NOI $60K/yr. Only $750K. 8.1% cap.
   Office Building in Santa Rosa, CA: 4400 SF single-tenant office building in Northern CA renovated by the tenant in 2003. NNN leased by a law firm with 5 yrs left. NOI $97K/yr. $1.32M. 7.36% cap.
2. Medical Building in Houston, TX: 12,000 SF 1-yr old medical building on 1.25 acres lot with I-45 frontage with 250,000 car/day. 85% NNN leased by 4 medical/dental tenants with 1 small unit available. Actual NOI $216K/yr. $2.55M. 8.5% actual cap. Upside potential when 100% leased.
3. Days Inn in San Antonio, TX: 120-unit motel with I-35 frontage. Renovated in 2008. NOI $540K/yr. $4.5M. 12% cap.
4. O’Reilly Auto Parts in Laplace, LA: 7000 SF franchised auto parts store built in 2008 in a high-ground growing New Orleans suburb. 20 yrs NNN lease by a national tenant. Rent bump in 11-th year. NOI $91K/yr. $1.138M. 8% cap. Recession resistant tenant.
5. Strip mall in Pearland, TX: 10,400 SF strip center on over 1 acre outparcel in front of Wal-mart supercenter on a major artery in a fast growing Houston suburb. 92% NNN leased by national tenants: Payless shoes, Verizon Wireless, Sally Beauty supplies. Actual NOI $182K/yr. $2.15M. 8.5% cap. Upside potential when 100% leased.
   
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