Top 7 Properties Among 300+ on 07/28/09

1. Strip center in Los Angeles, CA: 6452 SF strip center at a corner lot in a densely-populated area with over 460,000 residents within 3 miles radius. 100% leased by 6 tenants. NOI $137K/yr. $1.695M. 8.1% cap.
2. Shopping Center in Stockton, CA: 73,463 SF 19-unit shopping center on 4.5 acres lot on a major thoroughfare with easy access to I-5. Anchored by Marshalls and surrounded national tenants. Potential NOI $691K/yr. with 95% occupancy. $8M. 8.64% potential cap.
3. Single Tenant Retail in Cary, NC: 40,000 SF single-tenant big box built in 1995 on 4.42 acres parcel directly adjacent to Cary Towne Center Mall in a middle-class Durham suburb. 100% NNN leased by Barnes & Noble. NOI $552K/yr. $6.5M. 8.5% cap.
4. Retail Center in Lakewood, CO: 22,118 SF retail center in Denver metro. 100% leased by Napa Auto Parts and a Thrift Store: both recession insensitive tenants. NOI $144K/yr. $1.8M. 8% cap.
5. Strip Mall in Orland Park, IL: 12,0000 SF strip mall in a middle-class Chicago metro with AHI over $87K/yr. 100% NNN leased by 5 tenants. NOI $139K/yr. $1.639M. 8.5% cap.
6. Auto Spa in Brea, CA: 4914 SF Auto Spa on 2/3 acres corner lot on a major artery in a high income city in Orange county. 30 yrs NNN ground lease with 15 yrs remaining (you own the land and tenant owns the improvements). NOI $130K/yr. with 7% rent bump in 2011. $1.8M. 7.24% cap.
7. Greenhouses in San Martin, CA: 97,200 SF greenhouses with 3600 SF butler building on 10 acres flat rectangle lot in an upper middle class Silicon Valley suburb with AHI over $138K/yr. In the direction of growing path with easy access to hwy 101 and just 20 miles South of San Jose. Long-term potential. $1.16M.
   
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