Wednesday, May 6, 2009

Top 5 Properties 04-29-09

  1. Burger King Restaurant in Lake Worth, FL: 3,586 SF restaurant on .81 acre lot on a pad site to shopping center close to JFK Medical Center on active retail location. 100% NNN corp lease. NOI $88K/yr. $1.5M. 5.9% Cap.
  2. Medical Office in Jupiter, FL: 5310 SF beautiful medical building along main thoroughfare near I-95 in wealthy (AHI $111K/yr within 3 mile radius) neighborhood. 100% NNN leased. NOI $ 154K/yr. $1.938M. 8.32% Cap.
  3. Strip Center in Sunrise, FL: 9354 SF mature strip center with excellent visibility to high traffic boulevard at hard corner location. 100% leased. NOI $141K/yr. $1.850M. 7.7% Cap.
  4. Family Dollar Store in Laredo, TX: brand new 9281 SF retail store on over 1 acre lot in fast growing area. Long NNN corp lease. NOI $119K/yr. $1.443M. 8.25% Cap.
  5. Retail building in Aurora, CO: 9705 SF nice-looking retail building shadow-anchored by Starbucks at hard signalized intersection. 100% leased. NOI $140K/yr. $1.650M. 8.5% Cap.

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