Top 8 Properties 06-28-10

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

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Strip Center in Spring, TX: 6080 SF attractive strip center constructed in 1999 at signalized hard corner location. 100% NNN leased by 3-tenatns. NOI $135K/yr. $1.5M. 9.04% Cap.
2. Shopping Center in Ontario, CA: 44,028 SF shopping center on 4.45 acres of land  anchored by Stater Bros Supermarket. 100% NNN leased. NOI $558K/yr. $7.984M. 7% Cap.
3. Arby’s Restaurant in Chandler, AZ: 3300 SF recently remodeled single-tenant retail building outparcel to a Target Center across from East Valley Mall. 100% NNN leased by largest franchisee in Arizona currently operating 56 restaurants. NOI $100K/yr. $1.350M. 7.41% Cap.
4. Carl’s Jr in McAllen, TX: brand-new 3000 SF free-standing restaurant next to New Wal-Mart Supercenter, Sam’s Club and Lowe’s at excellent corner location near I-83. 100% NNN leased.  NOI $136K/yr. $1.7M. 8% Cap.
5. Goodyear in Frisco, TX: 6864 SF single-tenant retail building constructed in 2005 on .89 acre lot in fast growing (1,410.31%) affluent (AHI $111K/yr) Dallas metro. Long NNN corp lease. NOI $149K/yr. $2.065M. 7.26% Cap.
6. Multifamily Building in San Diego, CA: 24-units fully landscaped multifamily complex at a quiet neighborhood conveniently located between Memorial Park/Recreation Center and Fwy-15. 100% leased. NOI $131K/yr. $1.728M. 7.6% Cap.
7. Apartments in Phoenix, AZ: 62-apartments complex consisting of four two-story buildings with pool on-site near to public transportation and freeways. NOI $106K/yr. $1.250M. 8.5% Cap.
8. Shopping Center in Mauldin, SC: 18,752 SF good-looking shopping center constructed in 2006 in close proximity to Fwy-385. 90% leased. NOI $216K/yr. $2.495M. 8.67% Cap.

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