Top 10 Properties Among 395+ 07/20/09

1. Shopping Center in Orland Park, IL: 15,171 SF recently constructed shopping center shadow-anchored by Aldy/Chase Bank at signalized intersection. 100% NNN leased. NOI $391K/yr. $4.875M. 8.04% Cap.
2. Shopping Center in Fort Worth, TX: 9161 SF shopping center built in 2007 on 1 acre lot across from Burlington Northern National Headquarters with over 5000 employees. 80% NNN leased by Nails Salon, Max Tan, Buffalo Wings and Rings. NOI $177K/yr. $1.875M. 9.45% Cap. Upside potential when fully leased.
3. Strip Center in Salina, KS: 2-years old 6400 SF strip center on .51 acres lot at city’s dominant retail area near I-135. 100% NNN leased to national tenants. NOI $126K/yr. $1.150M. 11% Cap.
4. Firestone Retail Building in Mchenry, IL: 7575 SF one-year old retail building on 1.52 acres of land in growing middle-class Chicago suburbs. Long NNN leased by national tenant. NOI $221K/yr. $2.773M. 8% Cap.
5. Walgreen’s Pharmacy in Fernandina Beach, FL: 13,905 SF well located drive-thru pharmacy built in 1998 on 1.72 acres of parcel across from Food Lion in growing/well-off (AHI $101K/yr within 1-mile radius) area. 100% NNN leased by resistant-recession tenant. NOI $202K/yr. $2.407M. Unusually high 8.40% Cap.
6. EZ Lube in Glendale, CA: 2579 SF aye-catching retail building constructed in 2002 on .35 acre lot near New Americana Mall at major artery. 100% NNN leased. NOI $137K/yr. $1.804M. 7.65% Cap.
7. Days Inn in Palmdale, CA: 89-room well maintained 2 two-story motel with excellent freeway visibility/access near new Regional Hospital. $5.650M.
8. Apartments in Gilroy, CA: 8-units apartments at quiet neighborhood on large corner lot. 100% leased. NOI $69K/yr. $1.350M. 5.18% Cap.
9. Del Taco Restaurant in West Valley, UT: 2800 SF recently constructed retail building on .80 acre lot near new Super Wal-Mart. Long absolute NNN leased by #1 franchisee with more than 510 restaurants in 16 states. NOI $125K/yr. $1.680M. 7.5% Cap.
10. Storage and Office Suites in Morgan Hill, CA: 61,720 SF 2-story Spanish Style storage and office suites on over 2 acres of land in close proximity to Hwy-101. NOI $388K/yr. $3.995M. 9.73 % Proforma Cap.
    
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