Top 7 Retail Properties Among 380+ 01-07-09

1. Home Town Buffet restaurant in Laguna Woods, CA: 9055 SF beautiful restaurant on over 1 acre lot as part of large commercial development in a high income city in Orange county. 100% NNN leased by Home Town Buffet till 2023. NOI $296K/yr with 10% rent bump every 5 yrs. $3.7M. 8% cap.
2. Shopping center in Phoenix, AZ: 17,055 SF inline strip center shadow anchored by Fry’s Food & Drug. Located in a higher income of the city. 87% NNN leased by 9 tenants. NOI $291K/yr. Buyer to assume 2.2M loan at 6.21% interest. $3.675M. 7.92% cap.
3. Jiffy Lube in Bakersfield, CA: 2000 SF Jiffy Lube in the better/high-income part of the city. 20 yrs NNN lease. NOI $79K/yr with 10% rent bump each 5 yrs. Only $990K. 8% cap.
4. Sports Authority in Wichita, KS: 52,256 SF Sporting Goods store on 5.6 acres lot in a high income area near Wichita State Univ. Renovated in 2002. 10 yrs NNN lease with corp guaranty. NOI $511K/yr. with 10% rent increase every 5 yrs. $6.395M. 8% cap.
5. Shopping Center in Sioux City, IA: 19,881 SF multi-tenant retail center on 1.78 acres lot. Shadow anchored by Walmart. 100% NNN leased by mostly brand name tenants. NOI $219K/yr. $2.441M. 9% cap.
6. Shopping Center in Dallas, TX: 10,429 SF strip mall in front of Wal-mart Supercenter and Sam’s Club just off I-30. 100% NNN leased by 4 national and regional tenants. NOI $221K/yr. $2.69M. 8.26% cap.
7. Smokey Bones Bar & Grill in Orlando, FL: 7680 SF regional franchised restaurant and baron 1.67 acres lot at the entrance of The Waterford Lakes Town Center Mall. Located in a booming part of Orlando (102% growth since 2000). 15 yrs absolute NNN lease by a corp with 70 locations. NOI $244K/yr. with 1.75% annual rent bump. $2.7M. 9% cap.
   
   © Copyright 2009 eFunding Inc. All rights reserved.