Top 10 Properties Among 280+ 06/17/09

1. Strip Center in Los Angeles, CA: 4768 SF well maintained strip center at hard corner in busy Korean town. 100% leased by six long/stable tenants. NOI $146K/yr. $1.8M. 8.12% Cap. $100K Price Reduction
2. Sticky Fingers in North Myrtle Beach, SC: one-year old 7790 SF retail building on 1.22 acres of land shadow-anchored by Walgreens in upscale (AHI $93K/yr.) coastal town. 14-yrs. remaining on original NNN corp ground lease (you own the land and tenant owns the building) with rent increases every 5-yrs. NOI $95K/yr. $1.188M. 8% Cap.
3. Shopping Center in Lubbock, TX: 29,868 SF newly renovated shopping center on 2.51 acres of land across South Plains Mall at major retail corridor. 100% NNN leased. NOI $480K/yr. $5.6M. 8.58% Cap. Buyer to assume $3.739M. @ 6.28% interest rate.
4. Shopping Center in Fairview Heights, IL: brand new 47,386 SF shopping center on 5.98 acres of land near I-64 anchored by Jo-Ann Fabrics at major retail corridor. 100% NNN leased by national/regional tenant mix NOI $472K/yr. $5.245M. 9.01% Cap.
5. Fresenius Medical Care Center in Knoxville, TN: brand new single-tenant 10,951 SF medical building on 1.44 acres of parcel ½ mile from St. Mary’s Medical Center. Long term NNN lease by a national tenant. NOI $208K/yr. $2.6M. 8% Cap.
6. Rite Aid in Stockbridge, GA: 10,908 SF Rite Aid Pharmacy on 1.52 acres of land in growing Atlanta metro close proximity to I-75. 100% NNN corp lease. NOI $193K/yr. Price reduced to $1.918M. 10.10% Cap!
7. Retail Building in Roseville, CA: 15,122 SF retail building on 1.19 acres of parcel at busy thoroughfare between Kaiser Permanente and I-80 in growing Sacramento suburb. 100% NNN leased by 4 tenants. NOI $323K/yr. Price reduced to $3.799M. 8.10% Cap in California!
8. Shopping Center in Loganville, GA: 43,463 SF center built in 2000 in fast growing Atlanta suburb. 92% leased. NOI $492K/yr. $4.2M. 11.74% Cap.
9. Starbucks Coffee in Humble, TX: 1850 SF retail building constructed in 2008 on ..63 acre lot across Kroger anchored shopping center. 10-yrs NNN corp lease with 10% rent increases after year 5. NOI $68K/yr. Only $855K. 8% Cap. (Attached brochure)
10. Carenow Urgent Care Center in Frisco, TX: 4893 SF single-tenant medical building constructed in 2008 on .84 acre lot in high-growth/affluent area. NNN corp lease till 2023 by a medical provider with 22 urgent care center. NOI $245K/yr. with 8% rent increases every 5-yrs. $3.075M. 8% Cap.
    
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