Top 7 Properties 11-25-09

1. Strip Center in Jonesboro, GA: 16,554 SF strip center consisting on three buildings on 2.89 acres of land adjacent to Kroger at major thoroughfare in fast growing Atlanta suburbs. 100% leased by great tenant mix: Church Chicken, Tax Services, Metro PCS, Coin Laundry, The Herb Shop, Quality Cuts and Pizza Store. NOI $198K/yr. $2.344M. 8.49% Cap.
2. Shopping Center in Fort Lauderdale, FL: 25,678 SF well maintained shopping center on 1.53 acres of parcel along heavily traveled Hwy/US1. 92% NNN leased by stable local tenants. NOI $328K/yr. $4M. 8.21% Cap.
3. CVS Pharmacy in Homestead, FL: 14,579 SF architecturally distinguished retail building constructed in 2006 on 1.59 acres of land in growing Miami suburbs. Absolute NNN corp lease till 2026. NOI $360K/yr. $4.675M. 7.72% Cap.
4. Pier I Imports in Tucson, AZ: 11,287 SF retail building on 1.51 acres of land conveniently located across from Park Place Mall. 100% NNN corp lease. NOI $297K/yr. $3.569M. 8.35% Cap.
5. Jack in the Box in Dallas, TX: 2481 SF free-standing retail building located at hard corner with excellent visibility from I-35E. 100% NNN leased by national tenant. NOI $87K/yr. $1.095M. 8% cap.
6. Retail Center in Kissimmee, FL: 2-yrs old 7,200 SF attractive strip center at busy intersection next to Walgreens. 100% NNN leased. NOI $90K/yr. $1.3M. 7% Cap.
7. Family Dollar in Arlington, TX: 9,180 SF Family Dollar retail building constructed in 2005 on .96 acre lot in growing (31.46%) DFW metro. 100% NNN leased by recession resistant tenant. NOI $75K/yr. $860K. 8.83% Cap. Excellent for 1st time investor.
   
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