Best Properties Among 280+ 06/19/09

1. The Goddard School in McKinney, TX: 8068 SF one-year old day care center on 1.43 acres of land bordered by upscale residential homes in growing (903.72% increase from 2000-2008) affluent (AHI $120K/yr. within 3 mile radius) Dallas suburb. 15-years NN lease with credit tenant. 10% rent increases every 5-years. $2.589M. 8.5% Cap.
2. Days Inn Motel in Greeley, CO: 55-room 3-stories successful chained motel built in 1998 at a major artery in growing (35.56%) & well-off (AHI $83K/yr.) area. NOI $262K/yr. $2.6M. 10% Cap.
3. Shopping Center in McAllen, TX: 30,250 SF 3-yrs old shopping center on 4.4 acres parcel in a fast growing & high income city. 100% NNN leased by 3 brand name tenants: Old Navy, Dots Fashion, and Shoes Carnival. Shadow anchored by Best Buy, Target, Ross, Marshalls, Hobby Lobby, Bealls & PetSmart. Across from a 46-acre Plaza Del Norte Lifestyles shopping center. Adjacent to Home Depot, and HEB Supermarket. NOI $464K/yr. $5.5M. 8.45% Cap.
4. Apartments in Stone Mountain, GA: 180-unit bank-owned apartments renovated in 2000 on 15 acres of land with clubhouse, swimming pool, playground, picnic area and basketball court minutes from Atlanta metro. NOI $380K/yr. $5M. 8.5% Cap.
5. Apartments in Pine Lake, GA: 20-units apartments on over 1 acre lot in a very safe city in Atlanta suburbs. NOI $89K/yr. $890K. 10% Cap.
6. Magnolia Place Apartments in College Park, GA: 2-stories 46-units recently renovated apartment buildings near Woodward Academy (largest private school in the country). 90% Occupancy. $1.350M. 9.29% Cap.
7. Petsmart in Abingdon, MD: 20,087 SF newly constructed retail building on 2.28 acres of parcel shadow-anchored by Lowe’s on a highly visible location in affluent Baltimore suburbs near I-95. NOI $442K/yr. $5.3M. 8.35% Cap.
8. Strip Center in Durham, NC: 8,000 strip center on 1 acre lot located on busy artery with excellent visibility. 60% NNN leased. NOI $119K/yr. $1.450M. 8.27% Cap. Upside potential when fully leased.
9. Best Buy in Sugar Land, TX: 46,059 SF high-quality constructed Best Buy built in 1998 on 4.68 acres of land in prosperous (AHI $115K/yr.) Houston outskirts off of Fwy-59. Absolute NNN lease till 2018. $6.650M. 8.84% Cap.
10. Strip Center in Cathedral City, CA: 6600 SF strip center built in 1982 on .38 acre lot at hard corner location. 90% NNN leased. NOI $122K/yr. $1.299M. 10% Cap.
    
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