Top 10 Properties 12-18-09

NOI: Net Oper Income
AHI: Avg Household Income

1. Retail Center in Romeoville, IL: 11,167 attractive retail center constructed in 2004 on 1.44 acres of land in fast growing (95.94%) Chicago suburbs with AHI over $83K/yr. Good visibility and 3 points of access to the center. 100% leased. NOI $192K/yr. $1.9M. 10.13% Cap. Seller motivated.
2. Strip Center in Parker, CO: 1917 SF two-tenants retail building built in 2000 on .99 acre corner lot in affluent (AHI $105K/yr) Denver outskirts. 100% NNN leased. By Chipotle Mexican Grill and an Indian restaurants. NOI $108K/yr. $1.350M. 8% Cap.
3. Shopping Center in Fort Worth, TX: 15,000 SF eye-catching 10-tenant shopping center built in 1999 on 1.79 acres of parcel conveniently located along main retail corridor near I-30. 100% leased by good tenants mix. NOI $245K/yr. $3.332M. 7.40% Cap.
4. Strip Center in Colleyville, TX: 6800 SF well located strip center on .69 acre pad at hard corner location in prosperous (AHI $147K/yr) DFW metro. 100% leased. NOI $135K/yr. $1.5M. 9% Cap.
5. Neighborhood Center in Braselton, GA: 2-years old 28,670 stunning shopping center on 2.64 acres of land in booming (88% growth since 2000) Atlanta suburbs with tremendous visibility to Hwy-211. 86% NNN leased. 3% rent increases in all leases. NOI $525K/yr. $5.950M. 8.83% Cap.
6. Joe’s Grab Shack in Fairview Heights, IL: 7076 SF single-tenant restaurant on .82 acre lot surrounded by many national retailers off of I-64. Long NNN corp lease. NOI $117K/yr. $1.178M. 10% Cap.
7. Apartments in Lewisville, TX: 10-units apartments complex built in 2008 on .62 acres lot near Vista Ridge Mall off of I-35. 90% occupied. Large units between 2115 SF to 2335 SF. NOI $161K/yr. $1.7M. 9.5% Cap.
8. Jiffy Lube in Austin, TX: 2346 SF free-standing retail building remodeled in 2007, on a pad in front of Target Superstore off of I-183. Long NNN lease. NOI $98K/yr. $1.150M. 8.57% Cap.
9. Strip Center in Aurora, CO: 8000 SF recently constructed strip center adjacent to Applebee’s, Hyatt Place Hotel, and Marriott Hotel off of I-70. 100% NNN leased. NOI $174K/yr. $2.075M. 8.40% Cap.
   National tenants: Ted’s Montana Grill and Einstein Brother’s Bagels.
   Strong corp leases.
10. Medical Office in Jacksonville, FL: 11,114 SF medical imaging center across from 528-bed St. Vincent’s Medical center with great access to I-90/10. NOI $168K/yr. $2.1M. 8.02% Cap. Recession-proof tenants.
    
    Sales Activities:

1. Apartments in Los Angeles, CA: in contract.
2. Shopping center in Jacksonville, FL: 11,880 SF; 8.73% cap. Closed escrow.
3. Retail center in Merrillville, IN: closed escrow.
4. Retail property in Dickinson, TX: closed escrow.
5. Retail center in Orem, UT: Closed escrow.
6. Walgreens in San Antonio, TX: $6M; 7.25% cap. In contract.
7. Majestic Fine Wine in Hebron, TX: 3.354M. In contract.
8. Shopping center in Tustin, CA: $3.584M; 7.14% cap. In contract.
9. Family Dollar in Dover, FL: $1.849M. In contract.
10. Lifeway Christian Store in Mesquite, TX: in contract.
11. Burger King in Gardena, CA: $1.457M; 7% cap. In contract.

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