Top 7 Properties 03-10-10

1. Pep Boys in Stockton, CA: 20,923 SF free standing automotive center on 1.48 acres of land conveniently located at an intersection. New 15-years absolute NNN corp lease with 1.5% annual rent increases. $3.164M. NOI $237K/yr. 7.5% Cap.
2. Jiffy Lube in Mesa, AZ: 3100 SF stand-alone retail building on .27 acre lot with excellent ingress/egress near 135-store Fiesta Regional Mall and Fwy-60. Long term NNN lease with 3% annual increases. $985K. NOI $84K/yr. 8.60% Cap. Great for 1^st time investors.
3. Mini Storage Facility in Fullerton, CA: 12,630 SF storage facility on .53 acre lot along busy corridor in densely area. 95% leased. $1.5M. NOI $105K/yr. 7% Cap.
4. Shopping Center in Katy, TX: 24,285 SF attractive shopping center built in 2004 on over one acre lot with excellent tenant mix: Papa John’s, Curves, Casual Patio, Katy Tile, Cleaners and Insurance. 100% NNN leased. NOI $376K/yr. $3.950M. 9.54% Cap.
5. Medical Building in El Paso, TX: 27,750 SF recently constructed medical building located in the high growth and prestigious Westside in El Paso. 100% NNN leased by tree tenants: El Paso Cardiology Associates PA, Cardiology Care Consultants PA and El Paso Cardiac & Endovascular Center. NOI $656K/yr. $7.9M. 8.31% Cap.
6. Shopping Center in Bloomingdale, IL: 54,200 SF well-kept shopping center on 5.79 acres of land on well-traveled thoroughfare located in affluent Chicago suburbs. 77% leased. Actual NOI $480K/yr. $6.5M. 7.39% Cap. Upside Potential when fully leased.
7. Strip Center in Phoenix, AZ: five-years old 9141 SF strip center on 1.24 acres of parcel with good mix of tenants: Mexican Restaurant, Hair Salon, Smoke Shop, Super Star Checks, Crickets Wireless and Carniceria close to Fwy-10. 86% NNN leased. NOI $143K/yr. $1.640M. 8.75% Actual Cap. Upside potential.

Recent Activities:

1. Shopping Center in Riverside, CA: Kaiser Permanente & Taco Bell center $7.11M. 7.5% Cap. In Contract.
2. Orchard Supply Hardware in Fairfield, CA: $8.520M. 8.5% Cap. In Contract.
3. Bran-new Walgreens in Phoenix, AZ: $7.725M. 7.75% Cap. In Contract.
4. KFC Restaurant in Monroe, LA: Closed escrow.
5. Advance Auto Parts in Decatur, GA: Closed escrow.

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