Top 5 Properties of -01-27-09

1. Blockbuster building in Fresno, CA: 6000 SF single-tenant retail building developed in 1997 as part of a shopping center anchored by Save Mart Supermarket and Longs Drugs. 100% NNN leased till 2012. NOI $124K/yr. $1.557M. 8% cap.
2. Medical Office building in Sacramento, CA: 5880 SF medical office building on .4 acre lot near I-80. 100% leased by 5 tenants. NOI $73K/yr. $1.015M. 7.2% cap.
3. Strip center in Phoenix, AZ: 9141 SF retail strip on ½ ac corner lot across the street from Frys supermarket. 100% NNN leased by 6 tenants. NOI $147K/yr. $1.885M. 7.82% cap.
4. Pizza restaurant in Fayetteville, GA: 3092 SF restaurant on a major artery in a fast growing and high income (AHI over $89K/yr) Atlanta suburb. 10 yrs absolute NNN lease by a franchisee with 29 locations. NOI $70K/yr. Only $756K. 9.25% cap.
5. Joe’s Crab Shack Seafood restaurant in Sanborn, FL: 8050 SF chained restaurant on 1.77 acres at the entrance to 120-store upscale Seminole Towne Center Mall just off I-4 in the fast growing North Orlando. 20 yrs NNN lease with 19 yrs remaining by a corp with 120 locations. NOI $262K/yr. with 10% rent bump every 5 yrs. $3.219M. 8.15% cap.
   
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