Best Retail Properties Among 264 05/21/09

1. Ross Dress for Less in San Juan Capistrano, CA: 29,000 SF well located retail store built in 1972 on 2 acres of land co-anchored by Big Lots at signalized active intersection in affluent (AHI $135K/yr.) South Orange County. Long NNN lease. NOI $308K/yr. $5.125M. 6.75% Cap.
   -Upside potential as tenant pays only $0.89 per sf.
2. Advance Auto Parts in Parker, CO: 7000 SF high quality construction building constructed in 2004 on over one acre lot shadow anchored by King Soopers in growing Colorado suburbs. NNN corp lease expiring 2019. NOI $129K/yr. $1.8M. 7.17% Cap.
3. Strip Center in Irving, TX: 14,415 SF beautiful strip center built in 2007 on over 3 acres of land across from Wal-Mart Supercenter in close proximity to I-635. 100% NNN leased by good tenant mix. NOI $314K/yr. $3.3M. 9.54% Cap.
4. Smokey Bones Barbeque & Grill in Boca Raton, FL: 6900 SF restaurant built in 1994 on .75 acre lot across West Boca Medical Center in high income neighborhood along I-7. Long absolute NNN corp lease with 1.75% annual rent increases. NOI $236K/yr. $2.623M. 9% Cap.
5. Smokey Bones Barbeque & Grill in Charlotte, NC: 7500 SF restaurant built in 1998 on 1 acre lot across from Carolinas Medical Center surrounded by many national tenants such as Wal-Mart, Best Buy, Holiday Inn, Hilton and more. 20-years absolute NNN corp lease with 1.75% annual increases. NOI $144K/yr. $1.6M. 9% Cap.
6. Next Care Urgent Care in Charlotte, NC: 3493 SF medical office built in 2002 next to CVS Pharmacy in fast growing area. 100% NNN leased till 2015 with 2.5% annual rent increases. NOI $99K/yr. $1.108M. 9% Cap
   
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