Top 10 Properties 05-26-10

1. Shopping Center in Glendale, AZ: 15,483 SF attractive multi-tenant shopping center on 1.63 acres of land located across from Super Wal-Mart/Lowe’s center with ample parking. 87% leased. NOI $157K/yr. $1.410M. 11.19% Cap.
2. Shopping Center in Phoenix, AZ: 39,505 SF shopping center anchored by Frazee Paints just blocks from Loop-101 in fast growing area. 82% leased. NOI $339K/yr. $4.244M. 8% cap.
3. Medical Office in Las Vegas, NV: 14,225 SF two-stories medical building anchored by Fresenius Medical Care.  Close to Sunrise Hospital & Medical Center. 100% leased. Mostly NNN leases. NOI $339K/yr. $4.850M. 7% Cap.
4. Shopping Center in Omaha, NE: 64,373 SF nice-looking shopping center built in 1999/2004 on 7.20 acres of land across from new grocery anchored center. 95% NNN leased with good tenant mix. Assumable non-recourse loan at 5.1% interest. NOI $871K/yr. $9.950M. 8.75% Cap.
5. Winn Dixie in Fort Myers, FL: 59,435 SF Winn Dixie Supermarket along main retail thoroughfare with two access points. 100% NNN leased. NOI $348K/yr. $4.470M. 7.8% Cap.
6. Denny’s Restaurant in Palmdale, CA: 4149 SF nice-looking Denny’s Restaurant built in 2002 shadow-anchored by Lowes and Wal-Mart Supercenter in fast growing (14.72%) middle-class (AHI $65K/yr within 1-mile radius) area. 100% absolute NNN leased. NOI $138K/yr. $1.970M. 7.66% Cap.
7. Shopping Center in Lakeside, CA: 40,812 SF shopping center on 3.45 acres of land shadow-anchored by Albertson’s, Rite Aid, Chase Bank and Kragen Auto Parts leased by strong tenants. 96% leased. NOI $651K/yr. $7.8M. 8.36% Cap. Loan assumable with 5.91% interest rate.
8. Walgreen’s Pharmacy in Austin, TX: 13,650 SF single-tenant Walgreen’s Pharmacy constructed in 2004 on over 2 acres of parcel located in fast growing area at busy signalized intersection. Long absolute NNN lease. NOI $404K/yr. $5.480M. 7.37% Cap. Buyer to assume $3.608M at 5.56% interest rate.  
9. Office Building in Cedar Park TX: 9472 SF upscale office building in growing (49.75%) well-off (MHI $94K/yr within 1 mile radius) Austin suburbs. 100% NNN leased by 4 tenants. NOI $156K/yr. $1.950M. 8% Cap.
10. Apartments in Hurst, TX: 36-units apartment complex between elementary school/park conveniently located near North East Mall and several freeways. 100% leased. NOI $84K/yr. $975K. 9% Cap.

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