Top 5 Properties Among 320+ 04/06/09

1. Retail center in Brentwood, CA: 7969 SF new retail center in a fast growing (66% since 2000) and strong income (AHI $87K/yr) city in the SF Bay Area. 90% NNN leased with just one small 809 SF vacant unit. Current NOI $236K/yr. $2.825M. 8.35% cap. Upside potential when 100% leased.
2. Shopping Plaza in Layton, UT: 45,837 SF plaza on 3.12 acres parcel in a growing and strong income Salt Lake city suburb. Anchored by Crossroads Fitness with a new 10 yrs lease. 91% NNN leased. NOI $448K/yr. $5.6M. 8% cap.
3. Strip mall in Des Moines, IA: 12,000 SF strip center built in 1997 on 1.48 acres outparcel to a Home Depot. 100% NNN leased by 4 good tenants: Papa Murphy’s pizza, Classic Tan,Verizon Wireless and Monarch Dental. NOI $235K/yr. $2.694M. 8.75% cap.
4. Strip center in Cathedral City, CA: 6600 SF strip center built in a fast growing city in Riverside. 84% NNN leased with 1 pending lease unit. NOI $123K/yr. $1.5M. 8.2% cap.
5. Shopping center in Cathedral City, CA: 11,550 SF retail center on a corner lot with excellent visibility. 100% NNN leased. NOI $240K/yr. $3M. 8.05% cap.
   
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