Best picks of 09-09-08

1. Crossroads II Shopping Center in Conroe, TX: 27,928 SF established center on 2.01 acres of land constructed in 1981 just blocks from I-45 in growing Houston suburb. 96% Occupancy. NOI $207K/yr. $2.675M. 7.75% Cap.
2. El Chico Restaurant in Mobile, AL: 6134 SF El Chico Restaurant on .97 acre lot. Long absolute NNN lease with 1.5% annual rent increases. NOI $119K/yr. $1.491M. 8% Cap.
   - Corp guaranty (Own & Operate over 75 locations)
   - Across from Colonial & Springfield regional malls
   - Just off I-65
3. Retail Center in Warren, MI: 29,700 SF attractive shopping center with great tenant visibility. NOI $195K/yr. $2.3M. 8.5% Cap.
   - Near Universal Mall
   - Growing/Densely populated area near I-75/696
   - Good tenant mix: Chinese Village, King Cellar, Hair Salon, Café and more.
4. Golden Corral Restaurant in Jonesboro, GA: 11,526 SF Golden Corral Restaurant on 6.69 acres built in 2004. 100% NNN leased. NOI $316K/yr. $4.335M. 7.3% Cap.
   - Great location: major commercial corridor (Tara Blvd)
   - Operated by the largest franchisee with more that 20 locations
   - Growing middle-class ($51K/yr) Atlanta suburb
5. Eagle Ranch Center in Katy, TX: 22,754 SF strip center in 2.17 acres of land built in 2005. 100% Occupancy. NOI $300K/yr. $3.760M. 8% Cap.
   - Strong tenant (national/local) mix: Chinese Restaurant, Wireless, Dental Office, Quizno’s, State Farm and Wamu.
   - Surrounded by many national retailers
   - High income neighborhood ($71K/yr within 1 mile radius)
6. Shopping Center in Rockford, IL: 20,620 SF well maintained retail center anchored by Ogli Supermarket on 2.5 acres of land built in 1999. 100% NNN leased. NOI $402K/yr. $5.360M. 7.5% Cap.
   - Ideally located on premier retail corridor with excellent visibility
   - Tenants benefit from traffic from being right in front of Kohl’s, Bed Bath & Beyond, TJ Maxx, Petco, OfficeMax and Michaels.
   - Good tenant mix: American Mattress, Chicago Home Fitness, Kinko’s and Men’s Warehouse
   
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