Top 8 Properties 02-03-10

1. Strip Center in Humble, TX: 10,510 SF newly-constructed attractive strip center on over one acre lot in fast growing middle-class Houston suburbs. Across from a Supermarket. 100% leased by 9 tenants: State Farm, Goodwill Industries, Jackson Hewitt, Verizon Wireless, dental office, Nail salon, hair salon, Optometry and Baskin Robbins. NOI $239K/yr. $2.815M. 8.5% Cap.
2. Surgical Center in Bedford, TX: one-year old 15,332 SF single-tenant best-in-class surgical center on 1.5 acres of land adjacent to a 30-acre healthcare facility in Dallas metro. 15-yrs absolute NNN corp lease by the Brown Hand Center, the industry leader in treating carpel tunnel syndrome. NOI $605K/yr with 1.5% annual rent increases. $6.923M. 8.75% cap.
3. Tuffy Auto in Omaha, NE: 3900 SF recently constructed retail building on .63 acre pad across from Wal-Mart Supercenter. 20-years corp lease with rent escalations. Tenant operates 235 locations. NOI $111K/yr. $1.369M. 8.15% Cap.
4. Office Building in Woodridge, IL: 51,579 SF Class-A office building constructed in 2000 on 3.76 acres of parcel in well off area in Chicago metro (AHI $93K/yr) with easy access to I-355. 91% leased with one vacant unit. NOI $589K/yr. $6.150M. 9.58% Cap.
5. Shopping Center in Houston, TX: 58,460 SF eye-catching shopping center built in 2002 with I-45 frontage in high-growth area. 74% leased with great tenant mix: Budget Rent-A-Car, Slick Willies Family Pool Hall, Wings N More and Tokyohana. NOI $824K/yr. $9.1M. 9.06% Cap.
6. Apartments in Garland, TX: 59-units fully renovated 5-buildings 2-story apartment complex on 2.30 acres of land across from new rec center in Dallas metro. 93% leased. NOI $193K/yr. $1.960M. 9.87% Cap.
7. Medical Office in Snellville, GA: 10,000 SF beautiful multi-tenant medical building on 1.44 acres of land adjacent to 188-bed acute care Emory Eastside Medical Center in an affluent Atlanta metro with AHI over $106K/yr. 100% NNN leased by 4 medical tenants. NOI $152K/yr. $1.790M. 8.5% Cap.
8. Apartments in Vacaville, CA: 6-units newly constructed apartment building on ¼ ac lot in high income area. 100% leased. NOI $61K/yr. $825K. 7.38% Cap.
   
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