Top 10 Properties Among 300+ on 7/24/09

1. Applebee’s Restaurant in Lewisville, TX: 5911 SF restaurant built in 2005 on 1.14 acres of land across from Vista Ridge Mall just one block from I-35E in a high income Dallas suburb. Long NNN leased with 2% annual rent increases by strong franchisee. NOI $244K/yr. $2.880M. 8.5% Cap.
2. Strip Center in Palm Desert, CA: 5880 SF recently constructed strip center anchored by Starbucks Coffee in fast growing 7 high income area with great access to I-10. 100% NNN leased by recognized tenants: Starbucks Coffee, Quiznos and Verizon Wireless. NOI $218K/yr. $2.655M. 8.23% potential Cap.
3. Shopping Center in McAllen, TX: 30,250 SF shopping center built in 2006 on 4.40 acres of parcel shadow anchored by Target across shopping center anchored by Walgreen’s, Petco, Michael’s and more. 100% NNN leased by credit tenants. NOI $464K/yr. $5.2M. 8.94% Cap.
4. Shopping Center in Hattiesburg, MS: 32,720 SF stable shopping center on 2.72 acres of land anchored by Winn Dixie grocery store at busy intersection. 100% NNN leased. NOI $225K/yr. $2.378M. 9.46% Cap.
5. 1st Choice Storage in Naples, FL: 111,716 SF attractive storage facility on 9.50 acres of land conveniently located near I-75. NOI $337K/yr. $4.8M. 7.04% Cap.
6. Office Building in Lawndale, CA: 3050 SF eye-catching multi-tenant two-story office building constructed in 2005 positioned at highly visible location near the wealthy Manhattan Beach. 100% NNN leased. NOI $462K/yr. $750K. 6.16% Cap.
7. Apartments in San Jose, CA: 15-units attractive apartments on .39 acre lot near Westgate Mall in well off neighborhood. NOI $161K/yr. $2.588M. 6.24% Cap.
8. Retail Center in Los Angeles, CA: 12,500 SF retail center at busy thoroughfare with great long term tenant mix: Coin Laundry, Restaurant, Market and Beauty Salon. NOI $170K/yr. $2.275M. 7.5% Cap.
9. Shopping Center in Fort Worth, TX: 42,400 SF mature shopping center on 4.61 acres of land anchored by Bally’s Fitness Center off of I-30. 83% Leased. NOI $221K/yr. $2.3M. 9.63% Cap. Upside potential when fully leased.
10. Strip Center in Wilmington, CA: 6500 SF recently renovated strip center on .43 acre lot at major signalized intersection. 80% NNN leased. NOI $187K/yr. $2.495M. 7.5% proforma Cap. Upside potential.
    
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