Best 6 Properties Among 280+ on 1/20/09

1. Burger King in Houston, TX: 4770 SF restaurant built in 1997 on .82 ac lot just off US-59 exit with traffic volume of over 200K vehicles per day. New 20 yrs absolute NNN lease from an operator with over 50 locations. NOI $143K/yr. $1.978M. 7.25% cap.
2. Midas in Fort Myers, FL: 4970 SF Midas on ¼ ac lot across the street from Edison Mall. 20 yrs NNN corp lease with 9 yrs remaining. NOI $77K/yr. Only $857K. 9% cap. Great for 1st time investors.
3. Lone Star Steakhouse in Anchorage, AK: rare 10,768 SF restaurant in a growing city. 15 yrs NNN copr lease by a tenant with 180 locations and net worth of over $133M. NOI $275K/yr with 2% annual rent bump. $3.237M. 8.5% cap.
4. Medical Office building in Tampa, FL: 25,008 SF medical office building on 3 acres parcel. 100% leased by medical tenants and national childcare provider Tutor Time.NOI $344K/yr. $4.3M. 8% cap.
5. Texas Roadhouse restaurant in Palm Bay, FL: 7202 SF restaurant on 2.34 acres lot with I-95 visibility. 10 yrs NNN corp lease by Texas Roadhouse (NASDAG: TXRH). NOI $240K/yr. $3.1M. 7.75% cap.
6. Franchised Hotel in San Jose, CA: 100-room hotel on 2.66 acres lot. $9.2M. 7% cap.
   
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