Top 10 Properties Among 398 on 06/25/09

1. Jack in the Box in Bakersfield, CA: 3030 SF restaurant on .31 acre outparcel to CVS and across from an anchored Vons Supermarket center. New 20-yrs absolute NNN corp lease. NOI $142K/yr. $2.1M. 6.7% Cap.
   ▪Very strong sales history
2. Strip Center in Moore, OK: 7200 SF inline strip center built in 2001 on 1 acre lot. 100% leased by 4 stable tenants. NOI $76K/yr. $894K. 8.6% Cap.
3. Kohl’s Department Store in Salt Lake, UT: brand new 87,000 SF retail building on 6.95 acres of land shadow-anchored by Home Depot & across from Wal-Mart. 20-yrs NNN corp lease with rent increases. NOI $961K/yr. $13.257M. 7.25% Cap.
4. Pep Boys Auto & Tire Service in Dallas, TX: 22,491 SF recently renovated retail building on 2.75 acres of parcel in affluent (AHI $143K/yr) neighborhood with easy access to Fwy-635. NOI $156K/yr. 15-yrs NNN corp lease. $2.205M. 7.10% Cap.
5. Best Western Motel in Salinas, CA: 58-room motel constructed in 1996 on over one acre of land with excellent visibility to Hwy-101. $6.390M.
6. Walgreens in Morrisville, NC: one-year old 14,820 SF retail building on 2.16 acres of parcel across from new shopping center at signalized intersection in fast growing (131.27%) & affluent (107K/yr) Durham-Raleigh suburbs. 100% absolute NNN leased by recession-resistant tenant. NOI $410K/yr. $5.694M. 7% Cap.
7. Americas Best Value Inn in Fresno, CA: 134-room mature motel conveniently located off of Hwy-41 surrounded by many restaurants. $5.3M.
8. Strip Center in Northbridge, CA: 5686 SF strip center on .51 acre lot with excellent visibility to major thoroughfare. 100% NNN leased. NOI $174K/yr. $2.4M. 7.28% Cap.
9. Apartments n Burlingame, CA: 7-units 2-story apartments in wealthy (AHI $121K/yr. within 1 mile radius) area conveniently located near Fwy-10. $1.495M.
10. Apartments in Los Angeles, CA: 24-units well maintained apartments with more than half of units recently renovated in addition to new roof. Located in higher income area. NOI $145K/yr. $1.975M. 7% Cap.
    
    
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