Top 8 Properties 01-20-10

AHI: Avg Household Income
NOI: Net Oper Income

1. Shopping Center in Austin, TX: 17,811 SF unique multi-tenant center built in 1995 on over 3 acres of land at signalized intersection with excellent mix of medical/retail/office tenants. 100% leased. NOI $552K/yr. $6.9M. 8% Cap.
2. Apartments in Macon, GA: 108 two-story well-kept multi-family complex with numerous amenities: swimming pool, fitness center, laundry facility in a growing well-off (AHI $92K/yr) city South of Atlanta. 93% leased. Proforma NOI $441K/yr. $5.5M. 8.04% Cap.
3. Michaels Retail Building in Beaumont, TX: 25,725 SF retail building constructed in 1999 on 1.70 acres of parcel across from Wal-Mart at busy retail corridor. 100% NNN leased by national credit tenant. NOI $288K/yr. $2.4M. 9.52% Cap.
4. Rite Aid Pharmacy in Apple Valley, CA: 3-years old 17,340 SF high quality construction retail building on 1.62 acres of land across from Best Buy/Bed Bath & Beyond at signalized intersection. 20-years absolute NNN corp lease. NOI $483K/yr. $5.690M. 8.5% Cap.
5. Jiffy Lube in Omaha, NE: 3113 SF two-years old single-tenant retail building on .32 acre pad with excellent visibility. New 20-years absolute NNN lease with 10% rental increases every 5-years. NOI $74K/yr. $926K. 8% Cap. Excellent for 1st time investor.
6. Tuffy Auto Care Center in Omaha, NE: 3900 SF retail building constructed In 2007 on .63 acre pad across from Wal-Mart near newly constructed Super Target, Office Max, Hobby Lobby and Sports Authority. New 20-years NNN corp lease. NOI $111K/yr. $1.369M. 8.15% Cap.
7. Walgreens Pharmacy in Boise, ID: 13-905 free-standing retail building with excellent visibility at active signalized intersection. Long NNN lease. NOI $406K/yr. $5K. 8.13% Cap.
8. Motel in Wichita, KS: 85-rooms two-story attractive motel conveniently located along main retail corridor across from Towne East Square Mall. $1.990M.
   
   Sales activities:

1. Medical building in mesa, AZ: 5200 SF. 10 yrs NNN lease. Price increased from $1.85M to $1.982M. 7% cap.
2. Portfolio of 3 retail centers in Seattle, WA: 42,052 SF, 7.02% cap. Closed escrow.

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