Top 6 Properties of 03-09-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.
AHI: Avg. Household Income

1. Tuffy Auto Center in Omaha, NE: 3900 SF automotive center built in 2007 on 2/3 ac pad to newly constructed Super Target, OfficeMax, Hobby Lobby & Sports Authority and across the street from Wal-mart Supercenter. 20 yrs absolute corp NNN lease by Tuffy Auto, a regional tenant. NOI $111K/yr. with rent increased to $119.7K in 2013. $1.369M.
2. Shopping center in Elgin, IL: 41,875 SF shopping center on 3 acres lot in a stable and good income Chicago metro. 100% leased. NOI $371K/yr. $3.95M. 9.4% cap.
3. Pep Boys auto in Sacramento, CA: 22,341 SF automotive center on 2.35 acres lot on a major artery with easy access to I-80. 15 yrs absolute NNN corp lease (NYSE: PBY). NOI$251K/yr with 1.5% annual rent bump. $3.354M. 7.5% cap. Seller financing available.
4. Strip mall in Wilmington, CA: 6500 SF 5-unit strip center on the busy Pacific Coast Hwy in a densely-populated Long Beach area with nearly 500K residents within 5 miles ring. There is 1yr rent guaranty for the 1000 SF vacant unit. Proforma NOI $191K/yr. $2.245M. 8.5% cap.
5. Neighborhood Shopping Center in Duluth, GA: 94,966 SF shopping center built in 1996 on over 14 acres lot in fast growing and affluent Atlanta suburbs with AHI over 4122K/yr. Anchored by Publix Supermarket, a regional supermarket chain. 81% NNN leased. Current NOI $722K/yr. Price not avail.
6. Shopping Center in Lino lakes, MN: 14,569 SF retail center built in 2004 on 1.63 acres parcel just off I-35W exit in a fast growing and high income suburban Minneapolis. 100% leased. NOI $224K/yr. $2.224M. 10% cap.
   
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