Top 9 Properties 01-05-10

1. Office Depot in Charlotte, NC: 17,500 SF single-tenant retail building constructed in 2005 with excellent visibility near Fwy-485. 100% absolute NNN corp lease. NOI $241K/yr. $2.686M. 9% Cap.
2. Shopping Center in Munhall, PA: 37,720 SF recently constructed shopping center on 3.70 acres of land anchored by Big Lots in growing area. 100% NNN leased. NOI $280K/yr. $3.210M. 8.74% Cap.
3. Strip Center in Munhall, PA: 13,799 SF strip center built in 2004 on 1.34 acres of parcel along retail corridor in fast growing Pittsburgh suburbs. 100% NNN leased. NOI $123K/yr. $1.320M. 9.35% Cap.
4. Shopping Center in Erie, PA: 20,139 attractive shopping center on .89 acre pad located at major retail artery with over 15,000 VOD with excellent tenant mix. 88% NNN leased. NOI $106K/yr. $1.118M. 9.5% Cap.
   Upside potential when fully leased
5. Childcare center in McKinney, TX: 8068 SF brand new childcare center on 1.44 acres lot in a wealthy Dallas metro with AHI over $119K/yr. Adjacent to a Wal-mart anchored shopping center. New 15 yrs NN leased by the Goddard School. NOI $220K/yr. with 10% rent bump each 5 yrs. $2.445M. 9% cap.
6. Jiffy Lube in Omaha, NE: 3113 SF Jiffy Lube built in 2008 on 1/3 acres lot in a stable city. New 20 yrs NNN lease by an operator with over 400 locations. NOI $74K/yr. $926K. 8% cap.
7. Walgreens in Tucson, AZ: 13,905 SF drug store built in 1998 on 21.7 acres corner lot across from Northwest medical center. Growing area. 100% NNN lease. NOI $325K/yr. $3.95M. 8.23% cap.
8. Buffalo Wild Wing in Albuquerque, NM: 8018 SF franchised restaurant built in 2008 on 1.6 acres lot across from Super Target, and Michaels. New 15 yrs absolute NNN lease with no landlord responsibilities. NOI $226K/yr. $2.668M. 8.5% cap.
9. Apartments in Dallas, TX: 150-unit apartments complex on 5.68 acres of land. 93% occupied with gross income over $1M. $2.95M. 8.75% cap.
   
   Sales activities:

1. Fresh and Easy market in Henderson, NV: 7.14% cap. Closed escrow.
2. AppleBees in Goodyear, AZ: 8.25% cap. Closed escrow.
3. AppleBees in Peoria, AZ: 8.25% cap. Closed escrow.
4. Apartments in Spokane Valley, WA: 427 units, 6.63% cap. Closed escrow.
5. Apartments in Orlando, FL: 23 units. Closed escrow.

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