Friday, May 22, 2009

Top 5 Properties Among 278 5/15/08

  1. Shopping Center in South Sioux City, NE: 40,760 SF attractive shopping center on 5 acres of land shadow-anchored by a new Wal-Mart Supercenter along I-77. 96% NNN leased by national/regional tenants: Dollar Tree, CATO, Payless Shoesource, Ameri-Cash, Rent-a-Center, Tan World, Green Tea Salon, GameStop, Snap Fitness, Nail Salon, Cell Phone, Chinese Buffet and Air Purification Store. NOI $406K/yr. $4.710M. 8.64% Cap.
  2. Shopping Center in Moreno Valley, CA: 14,623 SF Class-A shopping center built in 2008 on 2.21 acres of land shadow-anchored by Walgreen’s Pharmacy at main retail blvd. Surrounded by strong national tenants in fast growing Southern-CA area. 91% NNN leased. NOI $368K/yr. $4.6M. 8% Cap.
  3. Shopping Center in San Antonio, TX: 2-years old 32,626 SF upscale shopping center on 3 acres of parcel conveniently located at hard corner with strong visibility to Loop-1604. 92% NNN leased. NOI $575K/yr. $6.5M. 8.86% Cap.
  4. Strip Center in Desoto, TX: 6259 SF strip center shadow-anchored by Albertsons & across from CVS Pharmacy in a fast growing (213.48%) & well-off (AHI $93K/yr within 1-mile radius) Dallas suburbs. $1.099M. 8.89% Cap.
  5. Burger King in Rialto, CA: 3558 SF well located modern restaurant on ..97 acre lot shadow-anchored by Wal-Mart at a high traffic location off of I-10. 100% NNN leased by successful franchisee with 36 restaurants including Coco’s & Denny’s. NOI $114K/yr. $1.750M. 6.57% Cap.

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