Top 8 Retail Properties of 08-26-09

1. Retail center in Irving, TX: 14,415 SF retail center built in 2006 on over 3 acres of land in a high growth (29% since 2000) high income (AHI $105K/yr) Dallas suburb. 100% NNN leased by 5 tenant with 3 tenant signing 10/15 yrs leases. Popular lunch destination. NOI $317K/yr. $3.2M. 9.9% cap
2. Starbucks center in Roseville, CA: 4855 SF strip center in an explosive growth (120%) and high income (AHI $84K/yr) Sacramento suburb with easy access to hwy 65. 100% NNN leased by Starbucks, Deli and an Indian restaurant. NOI $160K/yr. $1.994M. 8% cap.
3. Strip center in Moreno Valley, CA: 6240 SF new strip mall as part of a shopping center anchored by Fresh & Easy Grocery, Walgreens, and Autozone. 100% NNN leased by 3 tenants. NOI $167K/yr. $2.23M. 7.5% cap.
4. Joe’s Crab Shacks in Duluth, GA: 9160 SF franchised restaurant built in 1994 on 2 acres parcel near I-85 exit in a high income Atlanta metro. 100% absolute NNN lease with over 10 yrs remaining. Corp guaranty from a corp with over 120 stores. NOI $158K/yr. $1.89M. 8.35% cap.
5. Buffalo Wild Wing, in Keller, TX: 5000 SF restaurant on 1.34 acres lot in a fast growing (47%) and high income (AHI $88K/yr) Dallas suburb. 100% NNN lease with over 10 yrs remaining from a public corp. NOI $186K/yr. $2.067M. 9% cap.
6. Shopping Plaza in Phoenix, AZ: 19,818 SF inline retail center built in 1998 on 2.21 acres lot. Shadow anchored by Albertsons supermarket. 89% NNN leased. Actual NOI $334K/yr. $3.35M. 10% actual cap. Upside potential when 100% leased.
7. Office Depot in Aurora, CO: 20,927 SF 3-yrs old single-tenant retail building as part of a 1.7 million SF life-style center anchored by Wal-Mart, Sam' s Club, JC Penney, Best Buy, Bed, Bath & Beyond, Sports Authority, TJ Maxx, Ross Dress for Less, PETCO, Barnes & Noble, Ulta, Cost Plus World Market and Kerasotes Stadium 16 Theater. Fast growing and wealthy Denver suburb (AHI $105K/yr). NOI $292K/yr with low $14/SF rent. 12% rent bump in 2012. $3.66M. 8% cap.
8. Retail Strip in Phoenix, AZ: 7534 SF retail center built in 2005 on 1 ac lot immediately adjacent to Walgreens and Autozone. 100% NNN leased by 6 tenants. NOI $161K/yr. $1.888M. 8.55% cap.
   
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