Top 10 Properties 07-27-10

1. Sports Authority in Moreno Valley, CA: 40,000 SF single-tenant retail building adjacent to Moreno Valley Mall just off Fwy-60. Long NNN leased by credit tenant till 2020. NOI $670K/yr. $8.375M. 8% Cap.
2. Barns & Noble & Sports Authority in Boise, ID: 80,900 SF two-tenants retail building constructed in 2001 on 6.90 acres of land across from Home Depot at signalized intersection. 100% NNN leased. NOI $976K/yr. $11.156M. 8.75% Cap.
3. Apartments in San Antonio, TX: 129-units recently renovated apartment complex close to transportation and shopping centers. 91% leased. NOI $368K/yr. $4.520M. 8.16% Cap.
4. Office Building in Santa Ana, CA: 13,404 SF multiple-tenants office building close to Western Medical Center with easy access to both I-5 & Hwy 55. Densely populated area with over 640K residents within 5 miles ring.  93% NNN leased by three tenants. NOI $176K/yr. $2.2M. 8% Cap.
5. Shopping Center in Mableton, GA: 51,254 SF shopping center anchored by Dollar General in growing Atlanta suburbs. 100% leased. NOI $268K/yr. $2.753M. 9.75% Cap.
6. Apartments in Lubbock, TX: 118-untis recently remodeled multifamily building on 4 acres of parcel with excellent unit mix close to Lubbock Christian University. 94% leased. NOI $345K/yr. $3.250M. 10.61% Proforma Cap.
7. Day Care Center in Peoria, AZ: 15,309 SF newly constructed free-standing day care facility South of the Planned Peoria Regional Medical Center. Long absolute NNN corp lease with 12% increases every 5-years. NOI $360K/yr. $4.365M. 8.25% Cap.
8. Shopping Center in Montgomery, AL: 61,073 SF shopping center conveniently located at hard corner on main thoroughfare. 95% leased. NOI $464K/yr. $5.8M. 8% Cap.
9. Christian Brothers Automotive in Murphy, TX: 4921 SF free-standing Christian Brothers Automotive center in densely retail corridor in fast growing (156.84%) affluent (AHI $110K/yr) Plano metro. 15-years absolute NNN corp lease. 1½% annual rent escalations. NOI $159K/yr. $1.876M. 8.5% Cap.
10. Christian Brothers Automotive in Little Rock, AR: brand new 4921 SF retail building on .76 acre lot along main retail corridor. New 15-years absolute NNN corp lease. 1½% annual rent increases. NOI $162K/yr. $1.916M. 8.5% Cap.

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