Top 7 Properties 08-06-10

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.

NNN-: Triple net lease with landlord responsible for roof and structure.  Note this is a convention created & only used by Transmercial.

1. Retail/Office Building in Tucson, AZ: 18,000 SF newly constructed mix-used retail building on 1.50 acre lot in fast growing area. 100% NNN leased. NOI $387K/yr. $4.843M. 8% Cap.
2. Shopping Center in Odessa, TX: 66,797 SF shopping center on over 6 acres of land next to University of Texas in growing West of Dallas. 94% NNN leased with excellent tenant mix. NOI $544K/yr. $6.8M. 8% Cap.
3. Starbucks Coffee in Hickory, NC: 1870 SF free-standing retail building constructed in 2008 just ½ mile from Valley Hills Mall at primary retail corridor. 100% NNN- corp lease with no kickout clause. NOI $89K/yr. $1.080M. 8.31% Cap.
4. Apartments in Los Angeles, CA: 43-units recently renovated two-story apartment complex with new internal camera surveillance system close to Fwy-10 in densely populated area. 94% leased. NOI $134K/yr. $1.819M. 7.40% Cap.
5. Retail Center in Paramount, CA: 3337 SF well-maintained retail center anchored by Market Store conveniently located at signalized intersection. 100% leased by 4 tenants. NOI $44K/yr. $1M. 6.66% Cap.
6. Shopping Center in Lake Oswego, OR: 19,265 SF attractive newer brick shopping center with excellent visibility along busy corridor with good tenant mix: Tanning Salon, Bank, Café, Big Town Hero, The Ritz Salon, Soccer Store, Sushi Restaurant and cleaners. 91% NNN leased. NOI $ 311K/yr. $4.150M. 7.5% Cap.
7. Strip Center in Rancho Cucamonga, CA: 11,670 SF recently constructed strip center anchored by Starbucks surrounded by many national tenants at hard corner location off of Fwy-210. 100% NNN leased. NOI $393K/yr. $5.830M. 6.75% Cap.

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