Top 10 Properties Among 380+ 7/01/09

1. Michaels in Beaumont, TX: 25,725 SF retail building in growing/middle-class area bordered by many national tenants near I-10 & East of Houston. 100% NNN leased by public tenant. NOI $228K/yr. $2.950M. 7.75% Cap.
2. Shopping Center in Princeton, NJ: 21,905 SF shopping center on 1.45 acres of land along highly traveled commuter corridor in affluent neighborhood (AHI $168K/yr within 5-mile radius) about ½ mile from the prestigious Princeton University. 100% leased with long term tenants. NOI $385K/yr. $4.7M. 8.20% Cap.
3. Office Building in The Woodlands, TX: 15,000 SF beautiful office building on 1.88 acres of land in close proximity to Woodlands Mall. Fast growing & affluent Houston suburb with AHI over $119K/yr. 95% leased. NOI $323K/yr. $3.650M. 8.87% Cap.
4. Sonic in Beaumont, TX: 1538 SF restaurant built in 2000 located at hard corner location. 20 yrs absolute NNN leased by strong franchisee currently operating over 20 locations. NOI $108K/yr. $1.128M. 9.59% Cap.
5. Office Building in Santa Ana, CA: 20,539 SF mature office building on .78 acre lot currently 42 suites which houses numerous small to mid size businesses. Densely populated with over 620K residents within 5 miles. 90% leased. $2.050M. Less than $100/SF!
6. Retail Building in Houston, TX: 6116 SF attractive retail building renovated in 2000 with good visibility in downtown location with great demographics (AHI over $103K/yr). NOI $103K/yr. $1.3M. 8% Cap.
7. Taco Bell in Cedar Rapids, IA: 3000 SF fast-food restaurant constructed in 2001 on .90 acre lot shadow-anchored by Wal-Mart Supercenter. Brand new 15-yrs absolute NNN lease with 8% rent increases every 5-yrs. NOI $98K/yr. $1.225M. 8% Cap.
8. El Pollo Loco in Atlanta, GA: 3,210 SF restaurant built in 2007 situated as signalized intersection in fast growing area. Long NNN ground leased (you own the land) by experienced franchisee. NOI $85K/yr. $1.134M. 7.5% Cap.
9. Burger King in Dallas, TX: 2696 SF retail building constructed in 2002 on .86 acre lot off of Loop-12. Long 20-yrs NNN leased with 2% annual rent increases. $2.088M. 7.90% Cap.
10. Strip Center in Lyons, IL: 5450 SF strip center shadow-anchored by Walgreens at signalized intersection. 100% NNN leased by Starbucks, Jimmy Johns, T-Mobile and Alternative Medi-Spa. NOI $171K/yr. $2.199M. 7.82% Cap.
    
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