Top 8 retail properties among 360+ on 1/13/09

• Shopping center in Riverside, CA: 34,644 SF 18-unit shopping center on 3.4 acres parcel in a growing city. 80% NNN leased. Actual NOI $347K/yr. $4.9M. 7.1% actual cap.
  · Buyer can assume $3.545M loan at attractive 6.22% fixed till 2015. Need just 1.355M equity.
  · Profoma NOI $429K/yr or 8.77% cap when 100% leased.
  · Only $$141/SF!
• KFC in Rockford, IL: 3837 SF restaurant built in 1998 on 1.25 acres lot. New 20 yrs absolute NNN lease at close by an operator with 47 locations. NOI $82K/yr. $1.072M. 7.65% cap.
• Arby’s in Peoria, AZ: 3100 SF 8-yr old restaurant on ¾ acre out parcel to a Home Depot & Sears anchored shopping center just off Loop 101 exit. 100% NNN leased till 2021 with corp guaranty. NOI $131K/yr. with annual rent bump. $1.873M. 7% cap.
• Childtime Childcare Facility in Chula Vista, CA: 8280 SF childcare center built in 2000 on .9 acre parcel in a wealthy San Diego suburb with AHI over $115K/yr. 100% NNN leased till 2016 by a national tenant. NOI $203K/yr. Price reduced to $2.548M. 8% cap!
• Starbucks in Tucson, AZ: new 1750 SF Starbucks on 2/3 acre parcel adjacent to I-10. 10 yrs NNN lease with no kick out clause. NOI $115K/yr with 10% rent bump every 5 yrs. $1.536M. 7.5% cap.
• AppleBee’s in Cedar Hill, TX: 5640 SF restaurant built in 2006 on 1.6 acres pad to a Wal-mart Supercenter. Across the street from 725,000 SF regional mall in a fast growing Dallas suburb. 20 yrs absolute NNN lease by a franchisee with 37 locations. NOI $130K/yr. $1.73M. 7.5% cap.
• Burger King in Montgomery, IL: 2800 SF brand new restaurant on a pad to a new Walmart Supercenter in a fast growing Chicago suburb. New 20 yrs absolute NNN lease by an operator with over $6M net worth. NOI $130K/yr. $1.55M. 8.5% cap.
• Pearl Vision center in Las Vegas, NV: 4042 SF single-tenant retail building across the street from Walmart. 100% NNN leased till 2011 by Pearl Vision Eye Care. NOI $96K/yr. $1.175M. 8% cap.
  
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