Top 6 Properties 03-30-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.
AHI: Avg. Household Income

1. Starbucks in Lafayette, IN: 1650 SF free-standing attractive retail building at active intersection of State Rd-38/Hwy-52 near Tippecanoe Mall. 100% NNN corp lease with 9-years remaining. NOI $89K/yr. $1.117M. 8.05% Cap.
2. Big 8 Food Store in El Paso, TX: 41,512 SF grocery-store in densely populated area near I-10. 100% absolute NNN corp lease. NOI $424K/yr. $4.825M. 8.8% Cap.
3. Strip Center in Park City, KS: 8840 SF recently constructed strip center on .96 acre lot less than ½ mile from I-35. 100% NNN leased with great tenant mix: Dentist, Chiropractic and Anytime Fitness. $950K. 10.30% Cap.
4. Dollar General Retail Building in Columbia, SC: brand new 9014 SF retail building on 1.75 acres of land close to I-26. Long NNN corp lease. NOI $99K/yr. $1.176M. 8.5% Cap.
5. Strip Center in Colton, CA: 6550 SF well-maintained retail center at busy signalized intersection with excellent long-term tenant mix: Hair Salon, Liquor Store and Restaurant. NOI $101K/yr. $1.270M. 6.5% Cap.
6. Apartments in Greenwood, IN: 50-units apartments complex conveniently located near Restaurants, The Greenwood Park Mall, Parks and more at quite neighborhood. 96% leased. NOI $240K/yr. $3M. 8% Cap.
   
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