Top 10 Properties of Feb 11, 2009

1. Mini-Skool Childcare center in Flower Mound, TX: 8500 SF childcare center built in 2003 on 1.97 acres in a affluent (AHI $99K/yr)and fast growing (24%) Dallas suburb. 20 yrs absolute NNN lease with guaranty from a national tenant with 130 locations in 13 states. NOI $128K/yr. with annual rent bump. $1.555M. 8% cap.
2. Walgreens in Reno, NV: 14,820 SF brand new drugstore on 2.32 acres parcel at a signalized intersection in a fast growing city. New 25 yrs NNN lease. NOI $430K/yr. $5.73M. 7.5% cap.
3. Home Depot in Countryside, IL: 117,838 SF Home Depot built in 2004 on 10.68 acres in a high income (AHI $102K/yr) Chicago metro. 20 yrs corp ground lease (you own the land and tenant owns the building) with 13 yrs remaining. NOI $475K/yr. $6.787M. 7% cap.
4. Advance Auto Parts in Odessa, TX: 15,000 SF free-standing building constructed in 1988 on 1.3 acres parcel in a stable city. Tenant has been at this location since 1988 and just exercised 5 yrs renewal in 2008. NOI $179K/yr. $2.048M. 8.75% cap. Recession insensitive tenant.
5. Shopping Center in San Dimas, CA: 21,684 SF shopping center next to Hwy 57 and across the street from Lowe’s in a densely-populated and high income city in Los Angeles. 86% leased at below market rent. Profoma NOI $409K/yr. $5.4M. 7.59% cap.
6. Office building in Petaluma, CA: 9288 SF 3-story class-A office building constructed in 1990 in the business district. 100% occupied. NOI $117K/yr. $1.695M. 6.9% cap.
7. Burger King in Houston, TX: 3390 SF restaurant built in 1990 on a major artery in a wealthy (AHI $107K/yr within 1 mile radius) & growing part of Houston. New 20 yrs absolute NNN lease by a successful franchisee with 50 locations. NOI $85K/yr. Only $1.134M. 7.5% cap. Great for 1st time investors.
8. Burger King in Houston, TX: 2929 SF restaurant on .73 acre lot on heavily-travelled I-10. 20 yrs absolute NNN lease by an experienced franchisee with 50 locations. NOI $114K/yr. $1.485M. 7.5% cap.
9. Starbucks in Humble, TX: 1850 SF brand new coffee shop on .63 acre in a fast growing (50% since 2000), high income Houston Northern suburb. 10 yrs NNN lease. NOI $68K/yr with 10% rent bump every 5 yrs. Only $883K. 7.75% cap.
10. Pier 1 Imports in Pacific Grove, CA: 10,443 SF Pier 1 store on Lighthouse Avenue in an affluent coastal town with AHI over $134K/yr. 100% leased by Pier 1 Imports till 2012. NOI $159K/yr. $1.995M. 8% cap.
    
    © Copyright eFunding Inc. 2009. All rights reserved.