Top 8 Properties 03-11-10

1. Shopping Center in Jacksonville, FL: 3-years old 68,575 SF shopping center on 9.68 acres of land shadow-anchored by Kohl’s situated at main retail artery. 97% NNN leased by national credit tenants: Petco, Michaels, Kirkland’s Home, Dollar Tree, Justice for just Girls and Shoe Carnival. NOI $953K/yr. $12M. 7.95% Cap.
2. Apartments in Atlanta, GA: 130-units well-kept apartment complex on over 10 acres of land with two pools/deck areas in a quiet neighborhood with nice landscape minutes from Lenox Marta Train Station. NOI $414K/yr. $5.3M. 7.82% Cap.
3. Center Point Plaza in Orland Park, IL: 10,800 SF retail center built in 1990 on .85 acre lot with excellent visibility & good tenants mix: El Paso Burrito, Chicago Clock, Snap Graphic, Sleepy Joe’s and Heath Store along busy retail corridor in fast growing Chicago suburbs. NOI $148K/yr. $1.525M. 9.71% Cap.
4. Shopping Center in Columbia, SC: 59,139 SF upscale shopping center constructed in 2007 on 6.6 acres of land conveniently located at the entrance to “The Village of Sandhill” an award winning 300-acre development. 100% leased by national tenants: T.J. Maxx, Old Navy, Shoe Carnival and rue21. NOI $590K/yr. $6.550M. 9.01% Cap.
5. Strip Center in Los Angeles, CA: 11,858 SF retail center built in 2008 in a densely populated area with over 1M residents within 5 miles. 100% NNN leased by 8 tenants. NOI $413K/yr. $4.495M. 9.2% cap.
6. Walgreens in Lexington, SC: 14,820 SF drug store built in 2008 on 2.56 acres parcel in a fast growing high-end (AHI $83K/yr) Columbia metro. 25 yrs NNN lease. NOI $362K/yr. $4.925M. 7.35% cap.
7. Medical Office Building in Aurora, CO: 32,120 SF 3-story healthcare facility on 1.66 acres lot immediate south of the Medical Center of Aurora, a HealthONE affiliated hospital (Denver’s largest health system). Anchored by a 12,510 SF VA Clinic. 91% leased by 9 medical tenants with 3 small avail units. Actual NOI $418K/yr. $4.7M. 8.9% cap.
8. Medical Office Condo in Lorton, VA: 5805 SF medical office condo built in 2009 as part of 46,786 SF Class A professional center in an upscale Washington DC suburb (AHI $119K/yr). 10 yrs NNN lease by ALL Pediatrics with 3 locations in the area. NOI $150K/yr with 3% annual rent bump. $1.993M. 7.5% cap.
   
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