Top 10 Properties Among 333 on 6/30/09

1. Quality Inn in Salinas, CA: 32-room motel completely remodeled in 2007 on .60 ac lot near Hwy-101. NOI $236K/yr. $3.590M. 8% Cap.
2. Taco Bueno in Tulsa, OK: 2568 SF nice-looking restaurant constructed in 2007 on over 1 acre lot close to I-44. New 20-yrs NNN corp lease. NOI $78K/yr. $984K. 8% Cap.
3. Shopping Center in Henderson, NV: 212,000 SF upscale shopping center on 7.78 acres of land shadow-anchored by Super Kmart at premier location with two huge monument signs providing extra tenant exposure. 83% leased. NOI $1,180M. $13,115M. 9% Actual Cap. Huge potential when fully leased.
4. Shopping Center in Houston, TX: 11,242 SF nice-looking shopping center built in 2007 on 1.16 acres of parcel at signalized intersection with good tenant mix: PLS Check Cashers, L&Y Insurance, NYNY Mattress, Sprint, KJC Auto Loans, Cleaners and HealthReady. 100% NNN leased. NOI $215K/yr. $2.5M. 8.61% Cap.
5. Burger King in Lewisville, TX: 3756 SF retail building remodeled in 2000 on .59 acre lot with excellent throughway visibility near I-77. New 20-yrs absolute NNN leased by strong franchisee. 2% rent increases. NOI $132K/yr. $1,670M. 7.90% Cap.
6. Medical Building in Indianapolis, IN: brand new 9800 SF urgent care center on 1.50 acres of parcel on prime retail location. Long NNN leased by Concentra Heath Services. NOI $213K/yr. $2.5M. 8.53% Cap.
7. Taco Bell in Evergreen, CO: 2272 SF attractive retail building on 1.19 acres of land in prosperous (AHI $146K/year) Denver suburbs off of Hwy-74. Long absolute NNN lease. NOI $138K/yr. $1.386M. 10% Cap.
8. Apartments in Martinez, CA: 20-units recently renovated apartments on .75 acre lot near Fwy-680. 98% leased. NOI $191K/yr. $2.651M. 7.22% Cap.
9. Walgreens in Everett, WA: 15,120 SF Walgreen’s Pharmacy built in 2000 on 1.50 acres of parcel at highly visible location. Long NNN lease. NOI $589K/yr. Price reduced to $7.5M. 7.86% Cap.
10. Shopping Center in Greensboro, NC: 24,949 SF well located shopping center on 3.36 acres of land. Short Sale. NOI $250K/yr. $2.499M. 10% Cap.
    
    
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