Top 10 Properties 07-13-10

1. Shopping Center in Louisville, CO: 26,588 SF retail center as part of a shopping center anchored by Safeway in a affluent Denver metro with AHI over $100K/yr.  84% NNN leased by 13 tenants.  Current NOI $288K/yr.  $3.2M. 9% cap.  Upside potential when 100% leased.
2. Professional Center in Cameron Park, CA: 20,000 SF two-story office building as part of 5-building office park constructed in 2007 adjacent to Marshall Hospital close to Hwy-50 in high income Sacramento metro. 95% NNN leased. NOI $331K/yr. $4.425M. 7.5% Cap.
3. Hooters restaurant in Council Bluffs, IA: 4880 SF restaurant built in 2008 on 1.5 ac pad to Horseshoe Casino, Mid America Convention Center & Bass Prop Shops.  New 15 yrs absolute NNN lease by an experienced operator.  NOI $216K/yr with 10% rent bump every 5 yrs.  $2.469M. 8.75% cap.
4. Shopping Center in Omaha, NE: 40,419 SF attractive shopping center on over 5 acres of land across from new Hy-Vee grocery anchored center at high income (AHI $111K/yr) area. 95% NNN leased. NOI $538K/yr. $6.150M. 8.75% Cap. Buyer to assume non-recourse loan at 6.19% interest rate.
5. Shopping Center in Omaha, NE: 23,954 SF Class-A shopping center constructed in 2004 in fast growing high income area. 96% NNN leased. NOI $323K/yr. $3.8M. 8.5% Cap. Buyer to assume loan at 5.75% interest rate.
6. Retail Building in San Antonio, TX: 21,930 SF two-tenant retail building anchored by Dollar General along busy corridor near Hwy 90/37/281. 100% NNN leased. NOI $267K/yr. $3M. 8.5% Cap.
7. Multi-tenant Retail Building in Lemoore, CA: 8184 SF shopping center shadow-anchored by Save Mart/Kmart with strong tenant mix at signalized corner location in growing town just south of Fresno. 100% leased by 4 tenants. NOI $129K/yr. $1.5M. 8.6% Cap.
8. Shopping Center in Rialto, CA: 34,385 SF shopping center consisting of four separate parcels anchored by Walgreen’s Pharmacy at signalized hard corner location across from Home Depot/Food 4 Less. 96% leased by strong national/credit tenants. NOI $816K/yr. $11.659M. 7% Cap. Buyer to assume loan at 5.65% interest rate.
9. Starbucks Coffee in Houston, TX: 1750 SF single-tenant retail building constructed in 2008 outparcel to Kroger/Dollar Tree shopping center with excellent visibility along dominant traffic corridors. 100% NNN leased by credit tenant. 10% rent increases every 5-years. NOI $57K/yr. $750K. 7.7% Cap.
10. Self Storage in Greensboro, NC: 52,600 SF Class-A storage facility built in 2000 on 4.80 acres of land with security cameras. 89% leased. NOI $245K/yr. $3.060M. 8% Cap.   

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