Top 8 Properties 12-17-09

1. Single-tenant property in Sacramento, CA: 7515 SF retail center built in 2007 on 2/3 acre. 10 yrs NNN lease by Aaron Rents (NYSE: RNT). NOI $108K/yr with rent bump every 5 yrs. $1.4M. 7.71% cap.
2. Starbucks Coffee in Texas City, TX: 1733 SF Starbucks built in 2008 on .46 ac lot at the intersection of 2 major arteries in suburban Houston. 10 yrs NNN lease. NOI $93K/yr with 10% rent bump every 5 yrs. $1.17M. 8% cap.
3. Medical Office Building in Irving, TX: 5563 SF class-A medical office building conveniently located near I-635 and George Bush turnpike in an affluent Dallas metro (AHI $106/yr within 3 mile ring). 100% NNN leased by Baylor Health's Our Children's House. Close to 100-bed acute care Las Colinas medical center. NOI $91K/yr. $1.18M. 7.75% cap.
4. Apartments in Los Angeles, CA: 31-unit 2br-2ba 4-yrs old 3-story apartments complex in a wealthy (AHI $120K/yr) w/ no rent control and densely-populated area with over 800K residents within 5 miles ring. Amenities include: elevator, gym, and telephone entry with gated parking. Gross rent of $698K/yr. $8.36M.
5. Jiffy Lube in Walnut Creek, CA: 2938 SF Jiffy Lube constructed in 1989 in a high traffic location. 10 yrs NNN corp lease with 9 yrs remaining. NOI $92K/yr. $1.324M. 7% cap.
6. Shopping Center in Santa Ana, CA: 11,360 SF inline shopping center on 1.47 acres lot. Shadow anchored by Burlington Factory. On a major North-South artery with easy access to I-405 and hwy-55. 100% NNN leased. Tenants Include Fantastic Sams, GameStop, Round Table Pizza and Subway. NOI $342K/yr. $4.89M. 7% cap.
7. Walgreens in Parker, CO: 14,450 SF 1-yr old pharmacy on 2.5 acres lot in a wealthy Denver metro (AHI $115K/yr). 25 yrs NNN lease. NOI $445K/yr. $5.934M. 7.5% cap.
8. Fourplex in Beverly Hills, CA: rare 4049 SF charming fourplex in a quiet and wealthy (AHI $166K/yr within 1 mile radius). 3 units rented and 1 being remodeled. $1.259M.
   
   Sales Activities:

1. Shopping center in Midlothian, VA: 8.25% cap. Closed escrow.
2. Retail center in Temecula, CA: $1.49M. in contract.
3. Shopping center in Paramount, CA: 6.76% cap. In contract.
4. Medical building in Houston, TX: $6.2M. In contract.
5. Shopping center in South Sioux City, NE: 40,760 SF. Closed escrow.
6. National Tire & Battery, League City TX: $2.546M. 7.5% cap. In contract
7. Shopping Plaza in Lake Elsinore: 34,850 SF; $4.89M. In contract.
8. Retail center in Costa Mesa, CA: $3.35M. 6.42% cap. In contract.

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