Friday, May 15, 2009

Top 6 Properties On 05-08-09

  1. Carl’s Jr. Restaurant in Manteca, CA: 2877 SF restaurant on .49 acre outparcel to a 171,900 SF shopping center anchored by Save Mart Supermarkets, Sears, Dollar Tree & Rite Aid. 100% NNN corp lease. Tenant has been here since 1990. NOI $114K/yr. $1.825M. 6.25% Cap.
  2. Americas Best Value Inn in Fresno, CA: 134-room well kept motel on over 4 acres of land on main retail thoroughfare off of Hwy-41. $5.3M.
  3. Mini mall in Compton, CA: 25,281 SF eye-catching two story mini mall built in 2003 on over 1 acre lot in densely populated area. 90% NNN lease. NOI $354K/yr. $5.065M. 7% Cap.
    Upside potential: income based on the 1st floor income.
  4. Shopping Center in San Antonio, TX: 21,415 SF well located shopping center built in 1983 on 1.58 acres of land with huge monument sign at highly visible location. 100% leased. NOI $184K/yr. $1.983M. 9.31% Cap.
  5. Shopping Center in Mesa, AZ: 82,373 SF shopping center consisting of two buildings renovated in 2003 on 8.70 acres of land in hard corner at signalized intersection. 90% leased. $6.995M. 8.25% Cap.
  6. Strip Center in Perris, CA: 9,955 SF strip center build in 1990 anchored by AutoZone in growing area in Riverside county. 100% leased. NOI $154K/yr. $2.2M. 7.04% Cap.

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