Top 10 Properties 01-22-10

1. Retail center in Fort Worth, TX: 9244 SF inline retail center built in 2004 on 1.38 acres lot in growing and high income area. Shadow anchored by Albertsons supermarkets. 100% NNN leased by 6 tenants and BofA ATM. NOI $170K/yr. $1.763M. 9.66% cap.
2. Oil Changers in San Jose, CA: 3100 SF franchised Oil Changers with car wash built in 1989 on .45 ac corner slot on busy Monterey road. Tenant has been here for 20 yrs. 100% NNN lease expires on July 2010 (will let you know on Monday if tenant renews lease.) NOI $131K/yr. $1.19M. 11% cap.
3. Shopping Center in Katy, TX: 24,285 SF eye-catching shopping center constructed in 2004 on 1.39 acres of land in growing Houston suburbs with excellent tenant mix: Pizza, Insurance, Curves, Hair Salon, Plaster Funhouse, Dentist, Cleaners, Casual Patio, Katy Tile, Medusa Lounge and Nails Salon. 100% NNN leased. NOI $378K/yr. $3.950M. 9.59% Cap.
4. Retail Center in Austin, TX: 15,438 SF recently constructed retail center on over 2 acres of land with excellent visibility off of Hwy-290. 100% NNN leased. NOI $304K/yr. $3.5M. 8.6% Cap.
5. Dollar General in Jacksonville, FL: brand-new 8998 SF single-tenant retail building on 1.20 acres of land at signalized intersection in close proximity to I-23. Unusual 15-years absolute NNN corp lease. NOI $118K/yr. $1.390M. 8.5% Cap.
6. Strip Center in San Ysidro, CA: 30,625 SF strip center anchored by Factory 2-U with excellent exposure to I-5. 100% NNN leased in the last 10+ yrs. NOI $448K/yr. $4.850M. 9.25% Cap.
7. Jiffy Lube in Gilbert, AZ: 1504 SF free-standing retail building across from Albertsons at high traffic location in growing & well-off (AHI $94K/yr) Phoenix outskirts. 100% absolute NNN leased by strong operator. 3% annual rent increases. NOI $107K/yr. $1.130M. 9.50% Cap.
8. Medical Office in Huntington Beach, CA: 58,518 SF 40-unit well-kept four-story medical office building on 2.60 acres of parcel on Beach Blvd. Ideally located next to Huntington Beach Hospital. Excellent demographics with AHI over $110K/yr. 95% leased. NOI $864K/yr. $10.875M. 7.95% Cap.
9. Family Dollar in Colorado Springs, CO: 10,000 SF all brick retail building on 2.45 acres of land along Bus-24. 100% NNN leased by recession-resistant credit tenant. NOI $86K/yr. $1.020M. 8.5% Cap.
10. Apartments in Houston, TX: two-story 212-apartment complex on 7.50 acres of land with recent upgrades: new roofs, exterior pain and landscape. 94% occupied. Proforma NOI $448K/yr. $4.250M. 9.59% Cap.
    
    Sales Activities:

1. Apartments in Dallas, TX: 63-unit, $2.35M. In contract.
2. Rite Aid in Concord, NC: $2.119M. 10.75% cap. In contract.
3. Rite Aid in Raleigh, NC: $2.647M. 10.75% cap. In contract.
4. Family Dollar in Deltona, FL: $1.466M. 8.75% cap. In contract.
5. Family Dollar in Arlington, TX: $820K. 9.26% cap. In contract.

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