Top 10 Properties 04-08-10

1. Jiffy Lube in Hurst, TX: 2170 SF Jiffy lube on .45 acres corner lot at a busy intersection in a Dallas metro. 20 yrs absolute NNN lease with 15 yrs remaining.  NOI $80K/yr with 7.7%m rent bump in 6 months.  $975K.  8.25% cap.
2. Medical Office Building in Gilbert, AZ: 29,827 SF attractive 9-yrs old medical building on 3 acres of land with great tenant mix: Gilbert Surgery Center, SimonMed Imaging and Apothecary Shop of Gilbert. 100% leased. NOI $697K/yr. $7.750M. 9% Cap. Buyer to assume $4.465M at 5.5% interest rate.
3. Strip Center in Phoenix, AZ: 4760 SF multi-tenant strip center built in 2005 on .71 acre pad at hard corner location in growing densely populated area. 100% leased. NOI $97.395K/yr. $1.010M. 9.64% Cap.
4. Apartments in Tucson, AZ: 61-unit well-kept apartments complex consisting of four building on 1.67 acres of land with good unit mix: one studio, 33-one BR, 18-two BR and 6-three BR. NOI $140K/yr. $1.8M. 7.78% Cap.
5. Strip Center in Aurora, CO: 4900 SF recently constructed strip center shadow-anchored by Lowe’s with excellent visibility in Denver metro. 100% NNN leased by national credit tenants: FedEx/Kinkos and T-Mobile. NOI $132K/yr. $1.625M. 8.16% Cap.
6. Shopping Center in West Palm Beach, FL: 62,850 SF well-located shopping center on 6.89 acres of land located along active retail corridor. NOI $676K/yr. $8.2M. 8.25% Cap.
7. Strip Center in Streamwood, IL: 17,562 SF 2-years old attractive strip center shadow-anchored by Target and Marshalls in fast growing Chicago suburbs. 92.4% leased. NOI $404K/yr. $4.150M. 9.75% Cap.
8. Retail Center in Snellville, GA: 7689 SF well-located retail center anchored by Porter Paints at high visible location. 86% NNN leased. NOI $81K/yr. $925K. 8.78% Cap.
9. Retail Center in Chico, CA: 6972 SF recently constructed retail building on .96 acre pad at signalized intersection. NOI $117K/yr. $1.356M. 8.65% Proforma Cap.
10. Shopping Center in Joliet, IL: 12,000 SF well-maintained shopping center on 2.57 acres of land at signalized intersection near I-55. NOI $161K/yr. $2.3M. 7% Cap.

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