Top 8 Properties of 03-02-09

1. Buca Di Beppo restaurant in Las Vegas, NV: 7601 SF Italian chained restaurant built in 2000 on 1..17 acres corner lot parcel in a densely-populated high income area. New 15 yrs absolute NNN lease with corp guaranty. NOI $194K/yr with 7.5% rent increase every 5 yrs. $2.154M. 9% cap.
2. Shopping center in Euless, TX: 12,019 SF 2-yr old strip center on 1.46 acres outparcel to an 1 million SF lifestyle retail center anchored by Bed, Bath & Beyond, Marshall's, PetSmart, Ross, Staples, Lowe's and L.A. Fitness in an affluent city (AHI $98K/yr) in Dallas suburb. NOI $314K/yr. $4.215M. 7.47% cap.
3. Ace Hardware in Aurora, IL: 20,000 SF single-tenant retail building on 2.2 acres lot in Chicago metro. 100% corp lease till 2014 with low rent of $6/SF/year. NOI 4121K/yr. $1.379M. 8.81% cap.
4. Shopping center in Dallas, TX: 10,429 SF retail strip built in 2005 on .86 ac outparcel to Wal-mart and Sam’s Club. 100% NNN leased by 4 brand name tenants; Monarch Dental, Check Into Cash, Foot Locker, and Pizza Hut. NOI $221K/yr. $2.64M. 8.37% cap.
5. Buffalo Wild Wings restaurant in Keller, TX: 5000 SF 4-yr old chained restaurant (listed on NYSE: BWLD) with over 550 locations in 38 states. Located on 1.4 acres lot ina a fast growing and high income Dallas suburb. 100% NNN leased till 2019. NOI $186K/yr. with annual rent bump. $2.255M. 8.25% cap.
6. Shopping Center in Tucson, AZ: 79,121 SF well-maintained shopping center on 5.6 acres of land in a stable city. Anchored by Save A Lot supermarket and Family Dollar store. Over 90% leased. NOI $514K/yr. $5.725M. 9% cap.
7. Advance Auto Parts in Commerce City, CO: newly-built auto parts store in Denver metro. 15 yrs NNN lease. NOI $133K/yr. $1.772M. 7.5% cap.
8. Pier 1 Imports in Tucson, AZ: 11,287 SF single-tenant retail building on 1.5 acres lot. Surround by Best Buy, Cost Plus, BevMo, OfficeMax, TJ Maxx, Famous Footwear, LA Fitness, Target, Petco, Toys R Us, and Barnes & Noble. 100% NNN leased till 2015. NOI $270K/yr. $3.2M. 8.47% cap. Buyer to assume $2.635M loan at low 5.51% interest yielding over 14% cash on cash!
   
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