Top Commercial Propeties 11-06-08

1. Sports Authority in Wichita, KS: 52,259 SF single-tenant building on 5.6 acres parcel in a stable and strong income area near Wichita State University. 100% long term NNN corp leased. NOI $511K/yr. with 10% rent bump every 5 yrs. $6.6M. 7.75% cap.
2. Jiffy Lube in Mesa, AZ: 1670 SF Jiffy Lube on a pad to a shopping center near Hwy 60. 15 yrs absolute NNN lease by an operator with 60 locations. NOI 96K/yr with 10% rent bump every 5 yrs. $1.23M. 7.8% cap.
3. Retail center in Loganville, GA: 12,000 SF retail center built in 1989 on 1.4 acres parcel in a booming town (49% growth since 2000) NE of Atlanta. 100% NNN leased. NOI $178K/yr. $2.15M. 8.3% cap. Buyer to assume $1.63M non-recourse loan at low 5.78% interest due in 2015.
4. Strip Mall in Cedar Hills, TX: 10,746 SF strip mall on .72 acres lot in Dallas metro. 100% NNN leased. NOI $78K/yr. Only $985K. 8% cap.
5. Shopping center in Wichita, KS: 14,291 SF 2-yrs old center on 1.66 acres of land in a affluent area (AHI over $111K/yr within 1mile radius.) 94% NNN leased by 6 strong tenants with just 800 SF unit vacant. NOI $206K. $2.43M. 8.5% cap.
6. Bowling Center in Moreno Valley, CA: 40,000 SF free-standing bowling center built in 1990 on 3 acres lot as part of a larger shopping center in a fast growing city. 100% NNN leased till 2020. NOI $322K/yr. $4.5M. 7.17% cap.
   · Located on major artery with easy access to I-215
   · Minimal landlord responsibilities.
7. Shopping center in Moreno, CA: 84,028 SF 27-unit shopping center on over 10 acres parcel. Anchored by 24-Hr Fitness. 94% NNN leased. NOI $966K/yr. $14M. 6.9% cap.
8. Long John Silvers restaurant in Santa Fe, NM: 3000 SF restaurant. New 15 yrs absolute NNN lease by a strong tenant that has been at this location since 1976. Property undergoing $450K renovation. NOI $69K/yr with 2% annual rent increase. Only $988K. 7% cap.
9. Shopping Center in Davis, CA: 21,239 SF shopping center on over 2 acres lot. 100% NNN leased by 8 tenants. NOI $237K/yr. $3.2M. 7.4% cap.
   
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