Top 8 properties 12-10-09

1. Macaroni Grill Italian restaurant in Tulsa, OK: 7164 SF beautiful Italian restaurant built in 1992 on 1.37 acres outparcel to Wal-Mart next to 1.2 million SF 165-store Woodland Hills Mall. 20 yrs absolute NNN lease with corp guaranty . NOI $161K/yr with 2% annual rent increase. Tenant has been at this location since 1992. $1.898M. 8.5% cap. Property is qualified for American Indian Lands tax credits which generates additional cash flow
2. 2-Story Multifamily Buildings in Dallas, TX: 61-units consisting of 6 brick buildings on 1.37 acres of land about ½ the units have recent upgrades conveniently located near Downtown Dallas. 81% leased. NOI $167K/yr. $1.675M. 10% Proforma Cap.
   New development in the area
   Upside Appreciation
3. Shopping Center in Payson, AZ: 32,157 SF attractive shopping center shadow anchored by Safeway grocery store at busy intersection of Hwy-87/260. NOI $471K/yr. $5M. 9.42% Cap.
4. Holiday Inn Express & Suites in Plano, TX: 137-room hotel renovated in 2004 on 3 acres of land with numerous amenities near Collin Creek Mall and next to I-75. Average Occupancy 48%. $6.5M.
5. Rite Aid Pharmacy in Columbia, SC: 14,560 SF newly constructed pharmacy on 1.73 acres of land at active thoroughfare in growing area. Long NNN corp lease with rent increases. NOI $340K/yr. $4.030M. 8.45% Cap.
6. Retail Building in San Jose, CA: 2862 SF single-tenant retail building at high traffic corner location and high income Blossom Hills area. 100% NNN lease. NOI $95K/yr. $1.2M. 8% Cap.
7. Popeye’s Chicken in Gresham, OR: brand new 2893 SF free-standing retail building across from Safeway at signalized intersection in Portland metro. 20-years absolute NNN leased by strong franchisee currently operating 130 restaurants in 4-states. NOI $114K/yr. Price reduced to $1.471M. 7.75% Cap.
8. Strip Center in San Jose, CA: 12,000 SF eye-catching strip center constructed in 1995 on .92 acre lot on White road. Anchored by a medical clinic. 100% leased. NOI $295K/yr. Price reduced to $3.7M. 8% Cap.
   
   
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