Top 8 Properties 10-29-09

1. Strip Center in Palm Desert, CA: 9875 SF recently constructed multi-tenant strip center on .93 acre lot shadow-anchored by Wal-Mart in a vibrant retail area. 74% NNN leased by nationally recognized tenants. Actual NOI $254K/yr. $3.279M. 7.75% Cap. Upside potential when fully leased.
2. Retail Center in Salina, KS: 6400 SF attractive retail center constructed in 2007 on .51 acre lot in fast growing area near I-135. 100% NNN leased by 3 national tenants. NOI $126K/yr. $1.1M. 10.92% Cap.
3. Shopping Center in Houston, TX: 84,162 SF nice-looking shopping center built in 1998 on 3.56 acre lot anchored by Conn’s Appliance (NASDAG: CONN) in densely populated area. 100% NNN leased. NOI $555K/yr. $5.7M. 9.75% Cap.
4. Shopping Center in Houston, TX: 41,731 SF 18-units shopping center constructed in 2002 on 4.10 acres of land at high traffic location conveniently located at signalized corner location. 95% NNN leased. NOI $573K/yr. $7.2M. 7.97% Cap.
5. Strip Center in Fort Worth, TX: 9244 SF all brick strip center built in 2004 on 1.38 acres of land shadow-anchored by Albertsons grocery store close to Hwy-377. 100% NNN leased. NOI $158K/yr. $1.763M. 9% Cap.
6. Shopping Center in Upland, CA: 29,833 SF well located “L” shaped shopping center on 2.57 acres of land anchored by Goodwill off of I-10. 75% NNN leased. Actual NOI $317K/yr. $4.3M. 7.37% Cap.
7. Smart & Final in Modesto, CA: 16,125 SF Smart & Final retail building on .80 acre lot at corner location near I-108/33. 100% NNN leased. NOI $163K/yr. $2.336M. 7% Cap.
8. Office Building in Keller, TX: 4360 SF beautiful Class-A office building constructed in 2004 at corner location in fast growing (44.93%) affluent (AHI $149K/yr) Dallas metro.100% NNN leased by Health First Chiropractic and Wellness Center. NOI $74K/yr. $761K. 9.75% Cap.
   
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