Top 6 properties 01-15-10

1. Shopping Center in Greenwood, IN: 41,901 SF shopping center renovated in 2006 on over 4 acres of land along dense commercial corridor. NOI $282K/yr. $3.5M. 8.07% Cap.
2. Apartments in Houston, TX: attractive Class-B 117-units apartment complex on 4.42 acres of parcel near Beltway-8/Hwy-59. NOI $494K/yr. $4.8M. 10.31% Cap.
3. Advance Auto Parts in Jacksonville, FL: 7000 SF single-tenant retail building constructed in 2007 on 1.44 acres of land about one mile from I-295. 11-years remaining on NNN lease with public company. NOI $123K/yr. $1.550M. 7.94% Cap.
4. Burger King in San Fernando, CA: 2792 SF Burger King along busy thoroughfare just minutes from Freeway-210. New 20-years NNN leased by experienced franchisee currently operating 33 restaurants. NOI $144K/yr. $2.057M. 7% Cap.
5. Jack in the Box in Chandler, AZ: 3200 SF free-standing recently remodeled restaurant on .61 acre lot outparcel to East Valley Mall at high traffic location. Rare long absolute NNN corp ground-lease with CPI rent increases every 5-years. Buyer owns the land. NOI $70K/yr. $1M. 7.05% Cap.
6. Community Center in Daytona Beach, FL: 158,667 SF shopping center on 14.59 acres of land with huge monument sign close to Halifax Medical Center. 91% leased. NOI $811K/yr. $8.9M. 9.12% Cap.
   --Upside potential as current rents are below market rent.
   
   Sales activities:

1. MRI medical building in Conyers, GA: $972K. 8.25% cap. In contract.
2. Jack In the Box in Perris, CA: $2.262M. 6.25% cap. In contract.
3. CVS Pharmacy (building only, no land) in Las Vegas, NV: $2.56M. 8.25% cap. In contract.
4. Jack In the Box, Dallas TX: closed escrow.
5. Earl Scheib Auto Paint & body in Long Beach, CA: closed escrow.
6. Public storage in Denton, TX: 1.9M. 9.77% cap. In contract.
7. Walgreens in Louisville, KY: closed escrow.
8. Retail center in Colleyville, TX: closed escrow
9. Retail center in Chicago, IL: closed escrow.
10. McDonald in Fort Worth, TX: $1.5M ground lease (land sale), 6% cap. Closed escrow.

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