Top 10 Properties Among 375 May 28, 09

1. Shopping Center in Largo, FL: 18,500 SF chopping center on 2 acres parcel in Tampa metro. NOI $207K/yr. $2.595M. 8% cap.
2. Strip Center in San Antonio, TX: 4200 SF mature strip center conveniently located just off Loop 410. 100% NNN leased by 3 tenants. NOI $56K/yr. $700K. 8.03% Cap. Great for 1st time investors!
3. Jack in the Box in Magnolia, TX: 2867 SF restaurant on .97 acre lot across from Target shadow-anchored retail center in a booming Dallas metro. 100% NNN corp lease with 10.5 years remaining on original lease. NOI $131K/yr. $1.7M. 7.75% Cap.
4. Walgreen’s Pharmacy in Aurora, IL: 14,820 SF well located pharmacy built in 2008 shadow-anchored by new Wal-Mart at signalized intersection in Chicago metro. Long NNN lease. NOI $350K/yr. $5M. 7% Cap.
5. Dollar General in Lakeland, FL: 9014 SF dollar store on 1.12 acres lot in Tampa metro. 100% corp lease with 5 yrs remaining. NOI $70K/yr. Only $833K. 8.5% cap. Recession-insensitive tenant.
6. Oakridge Professional Center in San Jose, CA: 32,337 SF well located medical office building constructed in 1974 within walking distance from Westfield Oakridge near Fwy-85. 95% NNN leased by 20 well-established tenants. NOI $583K/yr. $8.375M. 7% Cap.
7. Shopping Center in Stillwater, MN: 83,153 SF shopping center renovated in 2003/2004 conveniently located on hard corner off of Hwy-36 in fast growing Minneapolis suburbs. 91% NNN leased with great tenant mix. NOI $703K/yr. $7.9M. 8.91% Cap.
8. Albertsons Supermarket in Keller, TX: 64,843 SF grocery store on over 7 acres of land in an explosive-growing/high income Dallas metro. New 20-years corp lease with 10% rent increase every 5 yrs. NOI $451K/yr. $5.829M. 7.75% Cap.
9. Albertsons Supermarket in Fort Worth, TX: 64,843 SF grocery store on over 6 acres of land located in fast growing/high income area at signalized intersection. New 20-years corp lease with 10% rent increase every 5 yrs. NOI $429K/yr. $5.540M. 7.75% Cap.
10. Strip Center in Houston, TX: 18,592 SF strip center built in 2005 on 1.96 acres parcel mix in a growing area. 91% NNN leased with long term and good tenants. NOI $188K/yr. $2.350M. 8.04% Cap.
    
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