Top 10 Properties Among 321 05/27/09

1. Advance Auto Parts in Memphis, TN: a portfolio of 2 auto parts stores built in 1997. 100% NNN corp lease. NOI $130K/yr. $1.444M. 9% cap. Recession-insensitive tenants.
2. Fresh & Easy Neighborhood Market in Riverside, CA: 14,500 SF grocery store in a middle-class (AHI $92K/yr) boom town (67% growth in the last 5 yrs). Surrounded by Kohl' s, Walgreens, Carl' s Jr., Chase, Chevron, AT&T, Coco' s, Pacific Dental, Pizza Hut and Wendy' s. 20 yrs NNN corp ground lease (investor owns the land and tenant owns the building). NOI $184K/yr. with 10% rent bump every 5 yrs. $2.64M. 7% cap.
3. Shopping center in Harvey, IL: 75,000 SF shopping center on over 5 acres of land near I-57 in Chicago metro. Anchored by a grocery store. 100% leased. NOI $590K/yr. Priced to sell at $6.925M. 8.52% cap.
4. Magnolia Plaza in El Cajon, CA: 43,480 SF 21-unit 6-building Magnolia Plaza built in 1991 on 3.55 acres parcel next to Hwy 67 exit in San Diego metro. Remodeled in 2005. 96% NNN leased. NOI $698K/yr. $9.3M. 7.51% cap. Only $213/SF in CA!
5. Copper Creek Plaza in Pleasant Hill, IA: 29,054 SF retail plaza on over 4 acres lot In Des Moines metro. 80% NNN leased. NOI $203K/yr. $2.325M. 8.73% cap.
6. Falcon Gateway center in Mesa, AZ: 14,691 SF strip center on 2.8 aces corner outparcel to a 200,000 SF Wal-Mart Super center in a wealthy part of Phoenix metro with AHI over $112K/yr. 100% NNN leased by 7 good tenants including: Chase, Starbucks, TMobile, HR Block, NextCare urgent care. NOI $492K/yr. $5.188M. 9.5% cap.
7. O’Reilly Auto Parts in Grapevine, TX: 7500 SF auto part store built in 1994 on 1.13 acres lot in a wealthy Dallas suburb with AHI over $126K/yr. 100% NNN leased with 6 yrs remaining on a 15 yrs lease. NOI $98K/yr. $1.289M. 7.76% cap.
8. Starbucks in Tucson, AZ: 1750 SF Starbucks on 2/3 acre lot near I-10 exit. 10 yrs NN lease with 9 yrs remaining. NOI $115K/yr. $1.396M. 8.25% cap.
9. Retail Center in Dallas, TX: 9100 SF retail center on .95 acre outparcel to a Walmart Supercenter. 100% NNN leased. NOI $209K/yr. $2.54M. 8.25% cap.
10. Rite Aid in Sugar Hill, GA: 13,824 SF drug store built in 2003 on 3 acres of land in the fast growing Gwinnett county in Atlanta metro. Easy access to I-985. 100% NNN leased till 2023 with no landlord responsibilities. NOI $314K/yr. $3.305M. 9.5% cap.
    
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