Top 8 Properties Of 10-27-09

1. Shopping center in Plainfield, IN: 26,807 SF upscale constructed multi-tenant center built in 2000 on 2.63 acres of land at major intersection adjacent to Super Target, Kohl’s, T.J. Maxx and more. 95% NNN leased. NOI $438K/yr. $5.1M. 8.60% Cap.
2. Apartments in Benicia, CA: well-maintained 13-unit apartments complex near Hwy 780/680. 100% leased. NOI $98K/yr. $1.4M. 7% Cap.
3. Neighborhood Center in Thornton, CO: 19,319 SF attractive shopping center near Super Wal-mart just off of I-25 in growing Denver suburbs. 91% NNN leased. NOI $404K/yr. $4.9M. 8.26% Cap.
4. Strip Center in Katy, TX: 12,578 SF 3-years old strip center on over 1 acre corner lot at major thoroughfare location. 100% NNN leased: Charming Charlie, Verizon Wireless and Vibrancy Salon and Day Spa. NOI $307K/yr. $3.350M. 9.17% Cap.
5. Shopping Center in Aurora, CO: 23,960 SF multi-tenant shopping center in Denver metro with good tenant mix: Men’s Wear, Furniture, Women’s Wear, Carniceria, Kid’s Wear, Bag’s & Cosmetics, Jewelry and Shoe store. 97% leased. NOI $341K/yr. $3.8M. 8.97% Cap.
6. SafeGuard Self Storage in Victorville, CA: 95,530 SF storage facility constructed in 2005 on 4.74 acres of parcel with individual door alarms, electronic gate and 24-hour video surveillance. NOI $238K/yr. $3.5M. 6.82% Cap.
7. Retail Center in McDonough, GA: 24,000 SF bank-owned eye-catching retail center constructed in 2002 on 2.51 acres of land with big monument sign located along Hwy-81 in Atlanta metro. 75% leased by nine tenants. Actual NOI $232K/yr. $2.750M. 8.45% Cap. Upside potential when fully leased.
8. Strip Center in Forest Park, GA: 9600 SF bank-owned brick constructed strip center on .70 acre lot in fast growing Atlanta suburbs. 64% leased. Actual NOI $83K/yr. $875K. 9.49% Cap. Excellent for 1st time investor.
   
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