Top 10 Properties 12-16-09

NOI: Net Oper Income

1. Shopping Center in Wilson, NC: attractive 13,500 SF shopping center built in 2002 at main road if fast growing (22.12%) middle-class (AHI $71K/yr) Raleigh suburbs. 100% NNN leased. NOI $96K/yr. $1.150M. 8.40% Cap.
2. Shopping Center in El Paso, TX: 12,000 SF shopping center on 1.23 acres of land next to AutoZone. Conveniently located along I-180/62. 90% NNN leased. NOI $140K/yr. $1.695M. 8.07% Cap.
3. Holiday Inn Express in Las Vegas, NV: 59-room Holiday Inn just renovated in 2007. On 1.72 acres of land just 1½ miles from McCarran International Airport. NOI $611K/yr. $6.5M. 9.40% Cap.
4. Retail Center in Humble, TX: 11,941 SF eye-catching strip center on 1.81 acres of parcel next to CVS with excellent visibility. 100% leased. NOI $241K/yr. $2.5M. 9.6% Cap.
5. Strip Center in Raleigh, NC: 13,800 SF attractive strip center built in 1996 on 1.12 acres of land near US-1. 100% NNN leased. NOI $138K/yr. $1.350M. 10% Cap.
6. Retail Center in Wake Forest, NC: 11,454 SF multi-tenant retail center on over 1 acre lot adjacent to center anchored by Food Lion Grocery. 100% NNN leased. NOI $152K/yr. $1.550M. 10% Cap.
7. Shopping Center in Vancouver, WA: 25,472 SF well-kept shopping center adjacent to Walgreens/Safeway at high traffic location. NNN leased by great tenants mix. NOI $460K/yr. Price reduced from $5.1M to $4.650M. 10% Cap.
8. Shopping Center in Tomball, TX: 39,491 SF recently constructed shopping center on 3.28 acres of parcel at excellent highway location with good access/visibility. 92% NNN leased. NOI $554K/yr. $5.5M. 10.50% Cap.
9. Apartments in Moreno Valley, CA: 24-untis multifamily property on .50 acre lot conveniently located in close proximity to shopping centers, parks and highways. 95% leased. NOI $172K/yr. $2.150M. 8% Cap.
10. Medical Building in Winston Salem, NC: 10,248 SF attractive medical building constructed in 2008 at main thoroughfare. NNN leased by Urgent Care and Optician. NOI $161K/yr. $1.975M. 8.20% Cap.
    -Upside potential when fully leased.
    
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