Top 8 Properties of 11/18/09

1. Shopping Center in Elgin, IL: stable 41,875 SF shopping center consisting of two building on 3 acres of land anchored by Village Discount Outlet in a stable and strong income town in Chicago metro. 100% NNN leased by stable tenants. NOI $379K/yr. $3.950M. 9.5% Cap.
2. Amscot Retail Building in Orlando, FL: 3,200 SF retail building constructed in 2006 on .57 acres lot located at busy signalized intersection. 100% NNN leased with 6% rent increases every 5-years. Regional tenants with more than 70 locations in FL. NOI $159K/yr. Price reduced to $1.590M. 10% Cap.
3. Medical Office in Lancaster, CA: 19,793 SF 2-story medical building across from Antelope Valley Hospital and just off Fwy-14. 90% leased. NOI $256K/yr. 3.2M. 8% Cap.
   · Seller financing available
4. CVS Pharmacy in Bonita Springs, FL: 10,514 SF CVS retail building constructed in 1995 on .98 acre lot on a major artery in a wealthy Fort Myers metro with AHI over $122K/yr. Across street from K-mart and Publix Supermarkets. 100% absolute NNN lease corp lease. Strong Store Sales. NOI $205K/yr. $2.45M. 8.38% cap. Store with strong sales of over $380/SF.
5. Advance Auto Parts in Thornton, CO: one-year old 7,000 SF retail building on over one acre lot situated at hard corner location in densely populated Denver metro. Long NNN corp lease. NOI $140K/yr. $1.809M. 7.75% Cap. Recession insensitive tenant.
6. Pacific Inn in Sunnyvale, CA: 104-room well-kept motel conveniently located between two (El Camino Real and Central Expressway) main thoroughfares and Caltrain Station. $5.995M. Only $57,644 per room.
7. Michaels Store in Mountain View, CA: 21,579 SF retail building completely renovated in 2007. On 1.41 acres of land across from Best Buy/Bath Bath and Beyond anchored shopping center just1 block from Fwy-101 and in the heart of high-income Silicon Valley city with AHI $138K/yr. 100% NNN leased till 2018. NOI $513K/yr. $6.950M. 7.38% Cap. Buyer to assume $5.310M. at 6.5% interest rate.
8. CVS Pharmacy in Kennesaw, GA: 12,608 SF CVS Pharmacy built in 1994 on 1.37 acres lot in a fast growing (28%) and high income (AHI $89K/yr) Atlanta suburb. NOI $174K/yr. Store with very low rent/revenue ratio of 3.8%. 100% NNN lease with 6 yrs left. Lease options with rent increases. $2.05M. 8.52% cap.
   
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