Top 8 Properties of 03-19-09

1. Davita Dialysis Center in Sanford, FL: 8585 SF 4-yrs old class-A medical office building on 1.42 acres lot across the street from Central Florida Regional Hospital in the middle-class suburb of Orlando. 15 yrs NNN lease with 12 yrs remaining by Davita Inc. (NYSE: DVA), a leading dialysis provider with annual revenue of over $5.6B. NOI $230K/yr with rent bump every 3 yrs. $3.065M. 7.5% cap. Tenant with recession-proof business.
2. Chinese Buffet restaurant in Sacramento, CA: 8000 SF buffet restaurant on 2 acres lot in a stable and good income area. 100% NNN leased till 2012. NOI $171K/yr. $1.995M. 8.6% cap!
3. Pep Boys Auto in Las Vegas, NV: 18,196 SF auto center in a fast growing and high income area with AHI over $85K/yr. New 15 yrs NNN lease. NOI $332K/yr with 1.5% annual rent bump. $4.585M. 7.25% cap.
4. Inline Shopping center in Katy, TX: 12,250 SF inline retail center next to Kendall’s Food & Drugs in a fast growing (77% since 2000) Houston suburb. 100% NNN leased by 6 tenants. NOI $210K/yr. $2.628M. 8% cap.
5. Walgreens in Chandler, AZ: 14,820 SF brand new drug store on 1.8 acres lot in a booming (992% since 2000!) Phoenix suburb. 100% absolute NNN lease. NOI $511K/yr. $6.9M. 7.4% cap.
6. Strip mall in Colleyville, TX: 6800 SF strip mall on ¾ acre lot on a major artery in a fast growing and affluent (AHI $147K/yr) Dallas suburb. 100% NNN leased $144K/yr. $1.6M. 9% cap.
7. Shopping center in Brownsville, TX: 23,950 SF shopping center built in 2005 on 2.29 acres lot in a booming border town. 100% NNN leased. NOI $370K/yr. $4M. 9% cap.
8. Quality Inn & Suites in Vallejo, CA: 78-room 2-story motel on 1.75 acres near I-80. Swimming pool and 2 meeting rooms. $6.95M.
   
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