Top 5 Properties Among 330+ 07/31/09

1. Strip Mall in Mokena, IL: 7230 SF strip center in a fast growing (48% growth) middle-class Chicago suburb with AHI over $83K/yr. On a heavily-travelled road with excellent visibility. 100% NNN leased by 6 good tenants. NOI $138K/yr. $1.725M. 8% cap.
2. Shopping center in Calumet city, IL: 63,442 SF shopping center on 4.5 acres parcel in a prime retail corridor in southern Chicago suburb. Anchored by Sports Authority and 100% NNN leased by 5 tenants. NOI $614K/yr. $7.25M. 8.5% cap.
3. Church’s Chicken in Hermitage, TN: 2645 SF newly-renovated restaurant on .8 acre parcel in Nashville metro. New 15 yrs absolute NNN with corp guaranty. Surrounded by Home Depot, Lowe' s, Walgreens, Kohl' s, Target, Marshall's. NOI $60K/yr with 1.5% annual rent bump. $705K. 8.5% cap. Great for 1st time investors!
4. Gas Station in San Jose, CA: 76-branded gas station with 3 MPDs, convenience store and car wash. Prime location at I-280 and Mckee. Pumps 180,000 gallons/month, $27,000 gross/month conv store and $15,850/month from car wash . 15-yr fuel supply agreement included. $2.4M.
5. Power Center in Jackson, MS: 107,780 SF class-A power center built in 1997 just off I55 exit and in high income area. Anchored by Fred's, PetSmart, and Office Depot and shadow anchored by Target & Home Depot, 100% NNN leased. NOI $1.125M. $11.250. 10% cap.
   
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