Top 4 Properties of 03-03-09

1. Eyeglass World in Port Charlotte, FL: 4185 free standing retail building constructed in 2001 on .6 acre lot. 20 yrs NNN lease with 12 yrs remaining by Eyeglass world, recently acquired by National Vision with over 500 stores. NOI $98K/yr with 10% rent bump every 5 yrs. $1.128M. 8.75% cap.
2. Surgical Center in Altamonte Springs, FL: 5460 SF surgical center on .8 acre lot in Orlando metro plus surgical license. 100% NNN leased. NOI $133K/yr. $1.775M. 7.5% cap.
3. Independent Motel in Chula Vista, CA: 42 room motel near I-5 exit in San Diego metro. NOI over $300K/yr. $2.19M. 13.7% cap. Here is your chance to own your own business.
4. Strip center in Lithonia, GA: 7242 SF strip center built in 1996 on .89 acre out parcel to a shopping center anchored by Kroger Supermarket. 100% NNN corp leased by Blockbuster and Pap John Pizza. NOI $133K/yr. with 10% rent increase every 5 yrs. $1.337M. 10% cap.
   
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