Best 9 Properties 11-02-09

AHI: Avg Household Income
NOI: Net Oper Income

1. Office Building in Glendale, CA: 16,763 SF well maintained office building conveniently located off of Fwy-134. 100% leased. NOI $266K/yr. $3.3M. 8.08% Cap.
2. Best Buy in Quincy, IL: 20,000 SF retail building constructed in 2007 on 3.40 acres of land in fast growing area off of Fwy-172. Long NNN leased by national tenant. NOI $270K/yr. $3.176M. 8.5% Cap.
3. Family Dollar Store in Colorado Springs, CO: 10,000 SF all-brick retail building on 2.45 acres of parcel along strong retail corridor. 100% NNN leased by stable tenant. NOI $86K/yr. $1.020M. 8.5% Cap.
4. Apartments in Houston, TX: 32-units apartment complex freshly painted & minutes from Downtown. 95% Occupancy. NOI $133K/yr. $1.5M. 8.93% Cap.
5. Apartments in Irving, TX: 94-unit two-story apartment complex built in 1980 on 2.75 acres lot in a good area in Dallas metro. NOI $307K/yr. Price reduced to $3.2M. 8.70% cap.
6. Rite Aid Pharmacy in Stockbridge, GA: 10,908 SF drug store built in 1997 on 1.5 aces corner lot close to I-75 in fast growing Atlanta suburb. Surrounded by more than 945,000 SF of retail space: Wal-Mart, Publix, Walgreen, CVS, Dollar General, Wachovia, Suntrust Bank, RBC Centura Bank, Starbucks, Outback, Wendy's and more. 100% NNN leased. NOI $193K/yr. Price reduced to $1.760M. 11% cap.
7. Strip Center in Chicago, IL: 7200 SF strip center located at signalized intersection. 100% leased by two national tenants. NOI $109K/yr. $1.250M. 9% Cap.
8. Retail Center in Sauk Village, IL: 16,000 SF well located strip center anchored by Ace Hardware. 100% leased by good tenant mix. NOI $173K/yr. $1.950M. 8.70% Cap.
9. Medical Office in Las Vegas, NV: 4,500 SF two-tenant Class-B medical office built in 2005 at busy intersection minutes from Desert Springs Hospital. 100% NNN leased. Price reduced to $908K. 8.5% Cap.
   
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