Top 8 properties 04-27-09

1. Jack In the Box in Greenfield, SC: 3000 SF restaurant built in 2001 on 1.06 acres adjacent to Walmart supercenter in a high income area. 20 yrs NNN ground lease from Jack in the Box Inc., i.e. you own the land and the tenant owns the building, with 13 yrs remaining. NOI $119K/yr. $1.589M. 7.5% cap.
2. Glenview Medical Center in Houston, TX: 12,000 SF multi-tenant medical center built in 2008 on 1.17 acres of land along I-45. 85% NNN leased with 2% - 2.8% annual rent increases. NOI $216K/yr. $2.550M. 8.5% Cap.
   - Upside potential: when fully leased
   - Recession resistant tenants: UTMB, Dental Smiles, Clinic 45 and Urgent Care
3. Shopping Center in Los Angeles, CA: 11,968 SF well located retail center build in 2008 on .61 acre lot at signalized intersection in densely populated area. 100% NNN leased. NOI $401K/yr. $5.735M. 7% Cap.
4. Miami Outlet Plaza in Miami, FL: 46,000 SF Outlet Plaza built in 1999 on 3.81 acres of land at intersection of I-94 and SR-826. 90% NNN leased. NOI $585K/yr. $8M. 9% Cap.
   - Excellent visibility: Highway frontage
   - Upside potential: When fully leased
5. Office Building in Scottsdale, AZ: 10,065 SF attractive office building constructed in 1998 near Scottsdale Shea Hospital. 100% leased. NOI $222K/yr. $2.875M. 7.74% Cap.
6. National Tire & Battery in Dallas, TX: brand new 8,074 SF retail building in fast growing Dallas/FW metro. 25-years absolute NNN corp lease. NOI $194K/yr. $2.586M. 7.5% Cap.
7. Strip Center in Humble, TX: 6770 SF stable strip center recently renovated near Deerbrook Mall off of Fwy-59. 100% NNN leased. NOI $106K/yr. $1.117M. 9.5% Cap.
8. Office Building in San Jose, CA (Willow St): 5024 SF two-story brick office building built in 1964 on .47 acre lot near Fwy-280. $1.350M.
   - Great opportunity for Owner User
   
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