Top 7 Properties of 03-26-09

1. Strip Center in Long Beach, CA: 8737 SF strip center built in 2006 conveniently located at a busy intersection near Fwy-710/91. 100% NNN leased. NOI $284K/yr. $4.075M. 7% Cap.
2. Retail Center in Bellflower, CA: 7457 SF eye-catching retail center built in 2003 shadow anchored by Walgreens across from Food-4-Less with excellent tenants mix. 100% NNN leased. NOI $297K/yr. $4.2M. 7.09% Cap.
3. Strip Center in Northbridge, CA: 5686 SF strip center on .51 acre lot along major thoroughfare close to Fwy-405/118 & 101. NNN leases. NOI $141K/yr. $2.4M. 7.38% Cap. Buyer to assume $1.595M at 6.29% interest.
4. Retail Building in Chandler, AZ: 11,708 SF recently constructed retail center shadow anchored by La Petite Academy & close to Fwy-202 in fast growing (1,248.83%) Phoenix suburbs. NNN leases. NOI $313K/yr. $4.050M. 7.75% Cap.
5. Pep Boys in Greece, NY: 22,227 SF recently renovated retail building on 3.41 acres of land across from Sam’s Club. 15-years absolute NNN lease with 1.5% annual rent increases. NOI $206K/yr. $2.757M. 7.5% Cap.
6. Just Brakes in Knightdale, NC: 7600 SF retail building on .98 acre lot built in 2007 along Hwy-54 in fast growing Raleigh suburb. 100% NNN corp lease. NOI $197K/yr. $2.422M. 8.15% Cap.
7. Strip Center in Atlanta, GA: 13,264 SF strip center built in 2007 on over 2 acres of land adjacent to Walgreens near I-285. 100% leased. NOI $371K/yr. $4.5M. 8.25% Cap.
   
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