07-22-10 - La Petite Academy - Medical Office - Strip Centers - For sale

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. Shopping Center in Bedford, TX: 31,837 SF well maintained shopping center with big monument sign and outstanding freeway visibility.  Excellent tenant mix. 71% NNN leased. NOI $278K/yr. $3.250M. 8.57% actual Cap. Upside potential when fully leased.
2. Walgreen’s Pharmacy in High Point, NC: brand new 14,490 SF single-tenant retail building at busy signalized corner location in fast growing Greensboro suburbs. 100% absolute NNN corp lease. NOI $438K/yr. $5.801M. 7.55% Cap.
3. La Petite Academy in Diamond Bar, CA: 7536 SF free-standing retail building across from new Target and Chili’s with excellent visibility at signalized corner location just off Fwy-57 in high income area (AHI $99K/yr.) in Orange county. Long absolute NNN corp lease. Annual CPI rent increases. NOI $222K/yr. $2.785M. 8% Cap.
4. Shopping Center in Houston, TX: 20,140 SF attractive shopping center built in 2008 in 1.62 acres of land along busy corridor. 100% NNN leased. NOI 310K/yr. $3.4M. 9.12% Cap.
5. Retail Center in Houston, TX: 10,700 SF newly constructed retail center on 1 acre lot at major transit artery in densely populated area. 100% NNN leased with national credit tenants. NOI $110K/yr. $3.3M. 8.53% Cap.
6. Strip Center in Rancho Cucamonga, CA: 7200 SF eye-catching strip center anchored by Chipotle Mexican Grill and FedEx across from renowned Ontario Mill Mall in a high growth area (62% since 2000). Easy access to I-15.  100% NNN leased. NOI $279K/yr. $3.991M. 7% Cap.
7. Medical Office in Placerville, CA: 8640 SF medical office constructed in 2007 across from new Wal-Mart near Fwy-50. 100% NNN leased by four tenants. NOI $294K/yr. $3.520M. 8.35% Cap.

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