Top 10 Properties Among 450+ 07/06/09

1. Apartments in Houston, TX: 16-units nice-looking apartments constructed in 2005 near Texas Southern University in downtown location. 70% leased. NOI $64K/yr. $800K. 8% Cap.
2. Office Building in Fresno, CA: 40,000 SF well-maintained office building on 3.32 acres of land close to Fwy-41/168. 80% occupied by long term tenants.
   Upside potential as tenants are paying below market rents. NOI $344K/yr. $4.2M. 8.20% Cap.
3. Office building in Ontario, CA: 4062 SF mature office building at hard corner location fully occupied by doctors and attorneys. NOI $52K/yr. $745K. 6% Cap.
4. Jiffy Lube in Omaha, NE: 3113 SF retail building constructed in 2008 on .32 acre lot at high traffic location. New 20-yrs absolute NNN lease with 10% increases every 5-yrs. NOI $74K/yr. $926K. 8% Cap.
5. Shopping Center in Charlotte, NC: 46,692 SF well located shopping center built in 1996 on 5 acres of land in fast growing area. 100% NNN leased by 10 tenants anchored by several national tenants: Food Lion supermarket, CVS Pharmacy and US Post Office. NOI $352K/yr. $4.4M. 8% Cap.
6. Retail Building in Weymouth, MA: 17,262 SF retail building on 2.60 acres of parcel anchored by CVS pharmacy with excellent visibility in middle-class (AHI $84K/yr) Boston suburb. NOI $361K/yr. $4.666M. 7.75% Cap.
7. Office Depot in Eugene, OR: 24,978 SF attractive retail building constructed in 1994 on 2.31 acres of land near I-5. 10-yr absolute NNN corp lease. 10% rental increases. NOI $355K/yr. $4.425M. 8.04% Cap.
8. Strip Center in Alameda, CA: 6132 SF eye-catching inline retail center built in 1992 on .62 acre lot shadow-anchored by Lucky supermarket/CVS Pharmacy. 100% NNN leased by Chase, Quiznos Subs and Hair Salon. NOI $212K/yr. $3.1M. 6.83% Cap.
9. Burger King in Valdosta, GA: 2859 SF retail building on .52 acre lot near Valdosta Mall off of I-75. Long NNN corp lease. NOI $87K/yr. $1.173M. 7.5% Cap. Recession-resistant tenant.
10. Strip Center in Duluth, GA: 23,532 SF two-story strip center on 3 acres of land surrounded by upscale residential properties. 100% NNN leased by 13 tenants. NOI $416K/yr. $5.2M. 8% Cap.
    
    
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