- Just Brakes in Mansfield, TX: 4082 SF brakes specialist store built in 2007 on 1.16 acres lot in Dallas suburb. 15 yrs absolute NNN corp lease at close of escrow. NOI $106K/yr with 10% rent bump every 5 yrs. $1.378M. 7.75% cap.
- Office building in Anaheim, CA: 31,595 SF 3-story office building on 1.34 acres lot on a major artery in the heart of Anaheim. Easy access to I-7 an hwy 57. 91% leased. NOI $455K/yr. $5.95M. 7.66% cap.
- Holiday Inn in Lake Worth, FL: 114-unit Holiday Inn Hotel on 6.6 acres lot in a commercial area in West Palm Beach. NOI $1.01M. $9.25M. 11% cap.
- Brass Armadillo Antique Mall in Phoenix, AZ: 40,000 SF single-tenant antique mall just off I-17 with over 630 dealers. Long term NNN leased. NOI $244K/yr. $2.576M. 9.5% cap.
- Rudy’s Pub and Grill in Foothill Ranch, CA: 8900 SF 10-yrs old restaurant on 1.27 acres lot in an affluent town (AHI $121K/yr) in Orange county. Located in front of a busy Target Superstore and surrounded by all the national retailers such as Wal-Mart, Pets-Mart, Staples, Babies R Us, Ralphs Grocery and many more. Long term NNN lease. NOI $116K/yr. $1.85M. 6.31% cap.
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Tuesday, April 21, 2009
Top 5 Properties of 04-13-09
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