Thursday, September 25, 2008

Best picks of 09-24-08


AHI: Avg Household Income
Please email brochure request to maria@efundingcom.com

  1. Brand New Office Depot in Temple, TX: 20,898 SF Office Depot on 2 acres of parcel at the intersection of I-35 and Hwy-36. Long NNN lease. NOI $269K/yr. $3.715M. 7.25% Cap.
    § Credit (BBB-) tenant with 1,000 locations
    § Rapidly developing retail area: across from new 425,000 SF retail center
  2. Office Building in Roseville, CA: 8000 SF nice looking brick office building roughly built in 1997 with easy access to I-80. 100% NNN leased. NOI $182K/yr. $2.6M. 7% Cap.
    § Irreplaceable location in Sacramento metro: close to Kaiser Permanente
    § Sale & lease back
    § Recently renovated
  3. Carino’s Italian Restaurant in Denton, TX: 6166 SF Carino’s Italian Restaurant constructed in 2001 located off of I-35 close to Golden Triangle Mall North of Dallas. New NNN corp. lease. NOI $220K/yr. $2.999M. 7.35% Cap.
  4. Franklin Centre in Lenoir City, TN: 18,470 SF attractive retail center on 1.71 acres of land built in 2002 in growing middle-class (AHI $53K/yr.) Tennessee suburb. 100% Occupancy. NNN. NOI $254K/yr. $3.280M. 7.5% Cap.
    § Close to I-75
    § Anchored by Wal-Mart Supercenter
  5. Ramon Plaza in Cathedral City, CA: 11,550 SF established retail center on .76 acre lot built in 1982 in growing area in Los Angeles County. 100% NNN leased. NOI $241K/yr. $3.6M. 6.7% Cap.
    § Great potential: tenants paying below market rents
  6. Lubbock Shopping Center in Lubbock, TX: 19,900 SF beautiful shopping center on 1.81 acres of land built in 2006 located near I-84. 92% Occupancy. NNN leases. NOI $367K/yr. $4.652M. 7.91% Cap.
    § Good tenant mix: Payless, Cato, Check ‘n Go, Sally Beauty, Nails, State Farms, Game Stop, Pizza, Wingstop and Edward Jones & Co.
    § Out parcel to Wal-Mart Supercenter

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