Top 9 Properties Among 340+ on 06/15/09

1. Shops in Iris Plaza in Moreno Valley, CA: one year old 14,623 SF shopping center on 2.21 acres of land across from Home Depot. Surrounded by strong national tenants: Walgreen’s, Fresh & Easy KFC, Arby’s, Auto Zone and more. 92% NNN leased. NOI $368K/yr. $4.6M. 8% Cap.
2. 2-Tenant Strip Center in Palmdale, CA: 36,031 SF retail center built in 2000 shadow-anchored by Target/Lowes in growing middle-class area. 100% NNN leased by Staples and Party City. NOI $499K/yr. $6.890M. 7.25% Cap.
3. Staples in Woodbury, MN: brand new 20,053 SF high quality constructed retail building on over 2 acres of land at prominent retail location in wealthy (AHI $110K/yr) St Paul suburbs near I-94. 10-yrs NNN lease with rent increase. NOI $320K/yr. $4M. 8% Cap.
4. Strip Center in San Antonio, TX: 22,000 SF strip center between St Luke’s Baptist Hospital and I-10. 100% NNN leased. NOI $247K/yr. $2.750M. 8.20% Cap.
   Upside potential: tenant paying below market rent
5. Shopping Center in Irving, TX: 67,426 SF mature L-shaped shopping center on 6.25 acres of land with tremendous visibility to Airport Freeway. 87% leased. NOI $591K/yr. $7.2M. 8.22% Actual Cap.
   Upside potential when fully leased
6. Cost Plus World Market in Wichita, KS: 18,252 SF beautiful retail building adjacent to Target in fast growing area. 100% NNN leased by a public company. NOI $237K/yr. $2.565M. 9.25% Cap.
7. Old Chicago Restaurant in Mesa, AZ: 5804 SF retail building on 1.50 acres of parcel across Home Depot near regional mall/US 60 Fwy. 100% NNN corp lease. NOI $243K/yr. $1.975M. 12.50% Cap.
8. Applebee’s in Austin, TX: 5015 SF restaurant built in 1995 on over 1 acre lot outparcel to Best Buy/Sam’s Club located at intersection of Hwy-290 and State Hwy-1. Long absolute NNN leased by 22-store franchisee. NOI $198K/yr. with 2% annual rent increases. $2.340M. 8.50% Cap.
9. Medical Building in Huntington Beach, CA: 56,280 SF attractive Class-A medical building across Bella Terra Mall in well-off area with good visibility to I-405. 78% leased. NOI $760K/yr. $10.600M. 7.17% Cap.
   
   © Copyright Transmercial 2009. All rights reserved.