Top 10 Properties 07-26-10

1. Retail Plaza in Lynwood, CA: 10,446 SF well-maintained L-shaped retail plaza built in the 90’s with excellent tenant mix: El Botanitas Restaurant, E-Z Cash Advance, JWCH Women’s Institute, Nails Salon, Insurance, H&R Block, Subway and Lily’s Flowers. 100% leased. NOI $204K/yr. $2.8M. 7.32% Cap.
2. Double D Storage in Turlock, CA: 649-unit well-established storage facility constructed in 1999 on 5.32 acres of land just ½ mile from Hwy-99. 89% occupied. NOI $330K/yr. $4.550M. 7.26% Cap.
3. Shopping Center in Lake Saint Louis, MO: 52,081 SF recently constructed shopping center anchored by Sports Authority conveniently located between Wal-Mart and Lowe’s power center. Only one small 1550 SF unit available for lease. AHI over $91K/yr. NOI $576K/yr. $6.663M. 8.65% Cap.
4. Medical Office in Jacksonville, FL: 7764 SF newly constructed Class-B single-tenant medical office across from Regency Square Mall just off I-113. 100% NNN leased with 3% annual rent increases. NOI $117K/yr. $1.5M. 7.8% Cap.
5. Apartments in Salisbury, NC: 98-units well-kept apartment complex on 9.45 acres of parcel in growing area between Charlotte and Greensboro. 98% leased. NOI $277K/yr. $3.150M. 8.81% Cap.
6. Strip Center in Houston, TX: 15,039 SF mature strip center with excellent ingress/egress just minutes from 160-store Willowbrook Mall conveniently located between Hwy 249/290. NOI $123K/yr. $1.589M. 7.77% Cap.
7. Starbucks Coffee in Hickory, NC: 1870 SF free-standing retail building constructed in 2008 located at prime retail location. 100% NNN corp lease with 10% increases every 5-years. NO Kickout Clouse. NOI $89K/yr. $1.121M. 8% Cap.
8. Shopping Center in Lone Tree, CO: 34,749 SF attractive 18-unit shopping center built in 1999 on over 4 acres of land shadow-anchored by Safeway across from Super Target at busy retail corridor in upper-class Southern Denver suburbs (AHI $180K/yr within 1 mile radius). 85% leased. NOI $826K/yr. $11.100M. 7.5% Cap.
9. Retail Building in Issaquah, WA: 5500 SF two-tenants retail building anchored by O’Reilly Auto Parts near Costco Corporate Headquarters in growing (35%) affluent (AHI $118K/yr within 3-miles radius) Seattle metro. 100% NNN leased. NOI $92K/yr. $1.325M. 7% Cap.
10. Strip Center in Carrollton, TX: 15,450 SF strip center built in 2006 located at hard corner location about ½ mile from main thoroughfare in middleclass Dallas metro. 100% leased. NOI $279K/yr. $3.1M. 9% Cap.  

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