Top 7 Properties of Feb 20, 2009

1. Carrows Restaurant in Visalia, CA: 5640 SF franchised restaurant on .92 ac lot across from College of the Sequoias in a fast growing and good income city. 100% NNN lease with corp guaranty. NOI $156K/yr. $2.092M. 7.5% cap.
2. Medical office condo in Loma Linda, CA: brand new 6836 SF class-A medical office condo as part of a 68,000 SF office & retail complex in a fast growing and high income city. 100% NNN leased by Loma Linda University Medical Center till 2016. NOI $247K/yr. $3M. 8.25% cap.
3. Elephant Bar in Greenwood Village, CO: 7000 SF successful chained restaurant and bar built in 2004 on 1.3 prime acres lot in a wealthy (AHI over $120K/yr) Denver metro. 20 yrs absolute NNN corp lease with 15 yrs left. NOI $338K/yr with 10% rent bump every 5 yrs. $4.8M. 7% cap.
4. Shopping center in Oklahoma, OK: 18,182 SF retail center on 2.69 acres parcel on a major artery. 100% NNN leased by FYE Music (national tenant) and regional restaurant chain City Bites. NOI $244K/yr. $2.75M. 8.9% cap.
5. Shopping Center in Saginaw, TX: 21,290 SF shopping center on 3 acres parcel in a fast growing Dallas metro. Shadow-anchored by Albertsons. 100% NNN leased by good tenants. NOI $461K/yr. $5.567M. 8.29% cap.
6. Shopping center in Los Angeles, CA: 11,969 SF shopping center in densely-populated city with over 1M residents within 5 miles. 100% NNN leased by 8 tenants. NOI $396K/yr. $5.95M. 6.67% cap.
7. AppleBee’s in Albuquerque, NM: 4901 SF restaurant on 1.2 acres lot in a fast growing and high income area. New 20 yrs NNN lease. NOI $188K/yr. $2.355M. 8% cap.
   
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