Best picks of 09-04-08

1. Childcare Retail Building in Independence Township, MI: 12,500 SF The Learning Experience childcare retail building recently constructed. New 15 years NNN lease. NOI $297K/yr. $3.3M. 9% Cap.
   - Close to I-75/M-15
   - Prosperous neighborhood (AHI $124K/yr. within 1 mile radius) Detroit suburb
   - Across Pine Knob Golf Course
2. Day Care Center in Las Vegas, NV: brand new 11,417 SF Tutor Time day care center on .92 acre lot. 15 years NNN lease. NOI $319K/yr. $4.560M. 7% Cap.
   - 2nd largest child care in the US
   - Stable residential area
   - Close to Hwy-215
3. Vantage Point Office Building in Colorado Springs, CO: 30,995 SF well maintained two brick buildings on 2.14 acres of land. 79% Occupancy. NNN. $2.475M. 8.41% proforma Cap. - Located at busy intersection near Hwy-83/I-25
   - Growing middle-class (AHI $67K/yr) neighborhood
   - On main thoroughfare
4. Fast Food Restaurant in Huntington Beach, CA: 2781 SF mature Carl’s Jr. Restaurant recently remodeled. NNN lease till 2020 with rent increases. NOI $50K/yr. and increase to $72K/yr in 2015 $920K. 5.5% Cap now and 7.8% in 2015.
   - Stable location: occupying building since 1974
   - Located in hard corner in a affluent Orange county
   - Anchored by a busy shopping center
5. Retail center in Stockton, CA: 5963 SF four tenant attractive strip center built in 2004 anchored by Food 4 Less across Save Mart, TJ Max, Toys R Us & Longs Drugs. 100% Occupancy. NOI $219K/yr. $3.130M. 7% proforma Cap.
   - Prime retail location at signalized intersection
   - Stable brand name tenants: Starbucks, Game Stop (Corp guarantee) T-Mobile & Cleaners
   - Close to I-5 and Hwy 99
6. Arden Howe Plaza in Sacramento, CA: 59,082 SF stable neighborhood shopping center on 5.68 acres of land. 96% Occupancy. NOI $953K/yr. $11.9M. 8% Cap.
   - Less that 1 mile from I-80
   - Blocks from Arden Fall Mall
   - Growing middle-class neighborhood (AHI $58K/yr)
7. Attractive Retail Center in Saginaw, TX: 10,500 SF well located strip center adjacent to O’ Reilly’s on 1 acre lot built in 2007. 90% Occupancy. NNN leases. NOI $171K/yr. $2.138M. 8% Cap.
   - Great frontage to Saginaw Blvd (US-81) near I-820
   - Good tenant mix: Little Ceasar’s, MetroPCS, EZ Money, Subway, Cleaners & Dental Office
   - Growing Fort Worth Texas suburb
8. Jiffy Lube in Arlington, TX: 1590 SF Jiffy Lube retail building on .45 acre lot constructed in 1987 surrounded by many national retailers. 20-years NNN lease with 1.5% annual rent increases. NOI $90K/yr. $1.1M. 8.18% Cap.
   - 3rd largest Jiffy Lube Franchisee currently operating over 112 stores
   - Located just off I-20 in growing Dallas/Fort Worth metro
   - Unusual corp lease guaranteed for first five years
9. Strip Center in Norcross, GA: 7,500 SF 3-tenant strip center on .94 acre lot built in 1994. $1.8M. 100% Occupancy. NNN. Good investment of 1st time investors. NOI $142K/yr. 7.9% Cap.
   - Anchored by Kroger Supermarket
   - Long term leases
   - Growing Atlanta suburb
10. King Plaza retail center in Houston, TX: 17,150 SF busy retail center on 1.3 acres of land across from new Sonic. 100% Occupancy. NOI $212K/yr. $2.6M. 8.17% Cap.
    - Growing development area
    - Great location near Tollway
    
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