Top 10 Properties Among 350+ 7/16/09

1. Shopping Center in San Bernardino, CA: 8608 SF shopping center built in 1980 on .53 acre lot at signalized intersection with excellent visibility. 100% NNN leased by 7 tenants with below market rent. NOI $122K/yr. $1.750M. 7% Cap.
2. Walgreen’s Pharmacy in Alexandria, VA: 14,460 SF pharmacy built in 2008 on 2 acres of parcel at premiere signalized corner location in wealthy (AHI $93K/yr) Washington D.C. metro. 25-years NNN lease. NOI $780K/yr. $10.400M. 7.5% Cap.
3. 18-Units Apartments in Los Angeles, CA: 2-stories apartment building recently renovated with solar panels/security cameras in filled city. NOI $83K/yr. $1,095M. 7.51% Cap.
4. Days Inn Motel/Retail in Stockton, CA: 70-room motel with 2 retail spaces anchored by Quiznos with ample parking, swimming pool and loge lobby ½ block from Fwy-5. Excellent for owner user. $4.3M.
5. Shopping Center in Houston, TX: 14.128 SF shopping center recently renovated on 1.70 acres of parcel across Kroger Supermarkets at heavily trafficked intersection. 100% leased. NOI $152K/yr. $1.8M. 8.5% Cap.
6. Tuffy Auto in Fort Myers Beach, FL: 7200 SF retail building constructed in 2001 in fast growing and high-income area. 100% NNN corp lease. NOI $141K/yr. $1.560M. 9.04% Cap. Recession insensitive business.
7. Neighborhood Center in Mansfield, TX: 31,184 SF unique shopping center built in 2001 on 3.28 acres of land in booming Dallas suburbs. 94% leased by excellent tenant mix: office and medical tenants. NOI $513K/yr. $6.422M. 8% Cap.
8. Retail Building in Watsonville, CA: 7400 SF attractive retail building on .47 acre pad in stable area. Long NNN leased by BMW Yamaha of Santa Cruz County. NOI $167K/yr. $1.950M. 8.61% Cap.
9. Strip Center in Sacramento, CA: 4100 SF 3-tenants strip center near Hwy-50. 100% leased by Seoul Restaurant, Lee’s Hair & Beauty Hour. $899K.
10. Rite Aid in Raleigh, NC: 10,908 SF Rite Aid Pharmacy built in 2001 ideally located at hard corner location along US-401 in a fast growing and high income area. Long NNN lease. NOI $284K/yr. $2.647M. 10.75% Cap.
    
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