Top 9 Properties 02-16-10

1. Shopping center in Granite City, IL: 106,791 SF neighborhood center on 9.8 acres lot in St. Louis metro. Anchored by several national and regional tenants: Regions Bank, Save-A-Lot Grocery, Glik's Fashion, Dollar General and Advanced Auto Parts. 99% leased. NOI $535K/yr. $5.35M. 10% cap.
2. Shopping Center in Riverdale, GA: 69,480 SF shopping center on 9.66 acres corner lot in a fast growing (39%) middle class (AHI $70K/yr) Atlanta metro. 98% leased. NOI $534K/yr. $5.35M. 10% cap.
3. Walgreens in Douglasville, GA: 13,965 SF new drug store on 1.87 acres lot adjacent to Kroger Grocery Anchored Center in a high-growth (47%) high income (AHI $86K/yr) Atlanta suburbs. 100% NNN lease. NOI $400K/yr. $5.553M. 7.5% cap.
4. Walgreens in Surprise, AZ: 13,905 SF drug store built in 1999 on 2 acres corner lot in a booming (89%) and good income (AHI $69K/yr) Phoenix metro. 100% NN lease with 9 yrs remaining. NOI $264K/yr. $3.206M. 8.25% cap.
5. Apartments in Sacramento, CA: 14 2-br-unit bank-owned apartments in a desirable area. 79% occupied. $999K.
6. Walgreens in Mesa, AZ: 13,905 SF pharmacy built in 1998 on 1.92 acres corner lot in a stable middle class Phoenix suburb (AHI $85K/yr) with over 250K residents within 5 miles ring. 100% NN lease with 8 yrs remaining. NOI $254K/yr. $2.994M. 8.5% cap.
7. Childcare center in Flossmoor, IL: 10,000 SF brand new childcare center on 1.75 acres lot in an affluent (AHI $115K/yr) Chicago suburb. 15 yrs NN lease from Children of America, a regional childcare provider with 32 schools in 8 states. NOI $240K/yr with 1.25% annual rent bump from 6-th yr. $2.8M. 8.5% cap. Seller will provide $2.1M financing.
8. Restaurant in Atlanta, GA: 3372 SF trendy & popular Holy Taco restaurant. 100% NNN lease with 6 yrs remaining. NOI $82K/yr. $919K. 9% cap.
9. Apartments in Highland, CA: 24-unit bank-owned 3-br townhouse apartments with large 1182 SF units in Southern CA. $1.65M.
   
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