Top 8 Properties 03-30-09

1. Big O Tires in phoenix, AZ: 5100 SF single tenant retail center built in 2004 on .70 acre lot. Shadow-anchored by Walgreens at a dominant retail intersection in a fast growing area. Long absolute NNN corp lease with 3% annual rent increases. NOI $144K/yr. $1.9M. 7.25% Cap.
2. Strip Center in Pacoima, CA: 15,498 SF strip center built in 2003 on .81 acre lot at a signalized intersection on main retail corridor. NNN leased by ten tenants. NOI $341K/yr. $4.880M. 7% Cap.
3. Retail Center in Winder, GA: 10,500 SF attractive retail center built in 2006 on 1.14 acres of land & surrounded by national tenants. 100% NNN leased. NOI $193K/yr. $2.395M. 8.09% Cap. Buyer to assume $1.860M at 5.99% interest rate.
4. Strip Center in Phoenix, AZ: 22,750 SF stable strip center on 1.38 acres of parcel with good tenants mix near Fwy-51. 100% leased. NOI $195K/yr. $2.5M. 7.8% Cap.
5. Family Dollar in Conyers, GA: 9750 SF good-looking retail building on one acre lot near I-20 in fast growing Atlanta suburbs. 100% NNN lease. NOI $89K/yr. $1.120M. 8% Cap. Recession insensitive tenant.
6. Retail building in Roseville, CA: 15,112 SF retail center on 1.19 acres of land between Kaiser Permanente and I-80. 100% NNN leased by 2 tenants. NOI $323K/yr. $3.995M. 8.10% Cap.
7. Retail Center in Las Vegas, NV: brand new 8600 SF attractive retail building on 1 acre lot in fast growing area. 100% leased by three tenants: Tire Works, Restaurant & Beauty Shop. NOI $316K/yr. $3.611M. 8.75% Cap.
8. Medical Office in Desoto, TX: 4200 SF medical office built in 2006 conveniently lactated between Methodist Charlton Hospital and Fwy-67/I-20 near Southwest Center Mall in fast growing Dallas suburbs. 100% leased by 2 tenants. NOI $80K/yr. $975K. 8.26% Cap. Great for 1st time investors.
   
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