Top 10 properties among 375 on 07/14/09

1. Shopping Center in Spokane, WA: 51,614 SF shopping center anchored by Rite Aid, Jo-Ann’s fabrics and Petco in a stable and strong income area. 94% leased. NOI $630K/yr. $7M. 9% cap
2. Shopping center in Harvey, IL: 75,000 SF shopping center on 5.2 acres lot with great frontage and visibility in Chicago metro. Anchored by Harvey Fresh Grocery, Dollar General, Foot Locker, Jackson Hewitt, and Murray’s Auto. 100% leased. NOI $590K/yr. $6.65M. 8.87% cap.
3. Albertson’s Grocery Store in Fort Worth, TX: 64,843 SF grocery store on over 6.3 acres parcel in a fast growing (30%) and high income (AHI $87K/yr) area. 20 yrs NNN lease. NOI $429K/yr with 10% rent bump every 5 yrs. $5.54M. 7.75% cap.
4. Arby’s restaurant in Peoria, AZ: 3100 SF fast-food restaurant built in 2001 on .72 acre pad site to Home Depot and Sears in a fast growing Phoenix metro. 100% NNN leased till 2021 with corp guaranty. NOI $131K/yr. $1.749M. 7.5% cap.
5. Dollar Tree store in Twenty-nine Palms, CA: 15,506 SF single-tenant dollar store built in 2008 on 1.53 acres lot adjacent to Stater Bros. Grocery anchored shopping center. 10 yrs NNN corp lease. NOI $190K/yr. $2.235M. 8.5% cap. Recession resistant tenant.
6. Office building in Campbell, CA: 10,500 SF office building on the busy Bascom Ave. in a high-income (AHI $115K/yr) Silicon Valley metro. Just 1 mile from Good Sam hospital. 95% leased. NOI $239K/yr. $3.195M. 7.5% cap.
7. Strip Mall in Green Bay, WI: 3810 SF strip center on ½ acre lot at a highly visible heavy traffic hard corner. 100% NNN leased by Starbucks and Fedex. NOI $140K/yr. $1.761M. 8% cap.
8. Medical Office building in Lake Forrest, CA: 19,569 SF medical office building on 1.2 acres lot in a affluent are with AHI over $106K/yr. 85% leased. NOI $271K/yr. $3.6M. 7.5% cap.
9. Jiffy Lube in Pearland, TX: 4155 SF Jiffy Lube built in 2008 on 2 acres lot in a fast growing middle-class Houston suburb. 20 yrs absolute NNN lease by the 3rd largest Jiffy Lube franchisee with over 110 locations. NOI $151K/yr with 10% rent bump every 5 yrs. Price reduced to $1.784M. 8.5% cap.
10. Davita Dialysis center in Marriott Slaterville, UT: 5000 SF dialysis center built in 2008 in Salt Lake city metro. 100% NNN leased by DaVita, a national tenant. NOI $88K/yr. $1.054M. 8% cap.
    
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