Top 6 Properties Among 377 on 04-12-10

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

AHI: Avg. Household Income

1. Arby’s Restaurant in Peoria, AZ: 3100 SF recently constructed retail building on pad site to Home Depot near Freeway in fast growing area. Long NNN absolute corp lease. 1% annual rent increases. NOI $132K/yr. $1.7M. 7.8% Cap.
2. Executive Office Building in Snellville, GA: 21,600 SF two-stories office building on over 1 acre lot consisting of 58 individual office suites. 100% leased. NOI $117K/yr. $1.2M. 9.75% Cap.
3. Shopping Center in Houston, TX: 36,905 SF well-maintained shopping center recently redeveloped surrounded by residential homes with very little competition. 89% leased. NOI $425K/yr. $3.690M. 8% Cap.
4. Apartments in Petersburg, VA: 89-units multi-family two-stories building on 3.88 acres of land in close proximity to I-95/85. 96% leased. NOI $386K/yr. $3.9M. 9.32% Cap. Buyer to assume non-recourse loan at 5.94% interest rate.
5. Strip Center in Wichita, KS: 9400 SF nice-looking strip center built in 2007 with good tenant mix: Fitness, Great Wall, and Tuscan Salon. 100% NNN leased. $1.2M. 9.8% Cap.
6. Strip Center in Park City, KS: 8840 SF attractive strip center constructed in 2007 on .96 acre lot North of Wichita. Excellent tenant mix: Chopstix, Dental Office, Chiropractic and Fitness. 100% NNN leased. $950K/yr. 10.30% cap.

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