Top 10 Properties 03-15-10

1. Starbucks Coffee in Lafayette, IN: 1650 SF recently constructed retail building on .37 acre lot at excellent signalized location with outstanding visibility along State Road-38. 100% NNN corp lease. 10% rent increases every 5-yerars. NOI $89K/yr. $1.117M. 8.05% Cap.
2. Retail Center in Henderson, NV: 7125 SF newly constructed retail center at corner location near I-215 fully leased to national credit tenants: Hertz, 7-Elevent and Heidi’s. 100% NNN leased with rent increases. NOI $217K/yr. $3M. 7.25% Cap. Buyer to assume $2.171M loan @5.50% interest rate.
3. Strip Mall in Colleyville, TX: 6800 SF strip mall on .69 acre lot with excellent visibility in wealthy Dallas suburbs (AHI $146K/yr). 100% leased. NOI $126K/yr. $1.4M. 9% Cap.
4. Professional Building in Auburn, CA: 12,779 SF 2-stories well-kept office building anchored by USDA situated between Hwy-49 and I-80. 95% leased. NOI $161K/yr. $1.499M. 10.90% Cap.
5. Shopping Center in Salt Lake City, UT: 49,433 SF shopping center built in 2005 on 5 acres of land in fast growing area shadow-anchored by Kohl’s. 100% NNN leased by 7 national tenants: Michaels, Petsmart, Wight Watchers, Starbucks, Quiznoz, Fantastice Sams and Sprints. NOI $754K/yr. $9.433M. 8% Cap. Buyer to assume $6.6M loan at 5.21% fixed rate till 2015.
6. Jiffy Lube in Spring, TX: 3136 SF single-tenant retail building constructed in 1997 across Kroger anchored shopping center. 15-years remaining on 20-years NNN lease. NOI $84K/yr. $1.018M. 8.25% Cap.
7. Strip Center in Albany, OR: 13,000 SF mature strip center next to new Petsmart at main thoroughfare. 100% NNN lease to 6-tenants. NOI $119K/yr. $1.7M. 7% Cap.
8. Strip Center in Peoria, AZ: 23,075 SF strip center adjacent to a power center anchored by Kohl’s, Michaels, Target, Ross, Petco, Office Max and Auto Zone. 90% NNN leased. Pro-forma NOI $705K/yr. $8.250M. 8.5% Cap.
9. Retail Building in Tucson, AZ: 3726 SF attractive 2-tenant retail building loated at highly visible location. 100% leased. NOI $74K/yr. $872K. 8.5% Cap.
10. Medical Building in Plano, TX: 14,992 SF beautiful multi-tenant medical building constructed in 2002 on over 1 acre lot near Presbyterian Hospital in fast growing & very affluent area in Dallas metro (AHI $162K/yr within 3 miles ring). 100% leased. NOI $207K/yr. $2.250M. 9.24% Cap.
    
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