Top 8 properties 12-11-09

1. Shopping Center in North Port, FL: 37,476 SF newly constructed shopping center on 3.76 acres of lot part of 88-acre power center anchored by Super Wal-Mart and Home Depot in a fast growing city. 91% NNN leased. NOI $959K/yr. $6.7M. 8.5% Cap on existing income.
2. Apartments in Dallas, TX: 82-units well-kept apartments complex conveniently located near shopping centers & 866-beds, 1200-physicians Presbyterian Hospital of Dallas. Close to Hwy 75. 91% leased. NOI $174K/yr. $2M. 9.72% Cap.
3. El Pollo Loco Restaurant in Stockton, CA: one-year old 3316 SF retail building with drive-thru on .52 acre lot part of Walgreen’s anchored center at signalized intersection in densely populated area. 20-years absolute NNN ground-leased by national tenant. 10% increased every 5-years. NOI $103K/yr. $1.650M. 6.25% Cap.
   ▪ Buyer owns the land
   ▪ Across from Costco
4. On The Border restaurant in Mira Loma, CA: 7586 SF Mexican Grill restaurant on 1 ac outparcel to a 842,000 SF community center anchored by Target, Best Buy, Kohl' s, Sport Chalet, Edwards Theatres, Home Depot and Vons next to I-15. 100% NNN leased. NOI $228K/yr. $3.144M. 7.25% cap.
5. Walgreen’s Pharmacy in Westminster, CO: 13,714 SF free-standing building constructed in 1999 on over 1 acre lot adjacent to Safeway grocery-anchored center at busy intersection along I-287. 100% absolute NNN leased. NOI $ 378K/yr. $4.585M. 8% Cap.
6. Starbucks Coffee in Tucson, AZ: 1750 SF recently constructed retail building with drive-thru surrounded by many national retailers off of I-10. 9-years remaining on original corp lease. 10% rent increases every 5-years. NOI $115K/yr. $1.396M. 8.25% Cap.
   ▪ NO KICKOUT CLAUSE!
7. Burger King in Indianapolis, IN: 2675 SF Burger King retail restaurant constructed in 1999 on 1.18 acre lot. 100% NNN unusual corp lease with rent increases. NOI $95K/yr. $1.238M. 7.75% Cap.
8. Retail Building in Castle Rock, CO: 6850 SF well-kept retail/office building along active retail corridor near I-85/87 in affluent (AHI $100K/yr) Denver suburbs. NOI $159K/yr. $1.9M. 8.39% Cap.
   
   Sales Activities
   
   1. Shopping center in Mill Creek, WA: closed escrow.
   2. Jiffy Lube in Henderson, NV: in contract.
   3. Shopping center in Rockford, IL: closed escrow.
   4. Self-storage facility in Victorville, CA: close escrow.
   5. Shopping center in Plainfield, IN: in contract.
   6. Apartments in Fort Worth, TX: in contract.
   7. Firestone in Omaha, NE: $2.299M. 8.46% cap. Closed escrow.
   
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