Top 9 Proeprties 05-04-09

1. Arby’s in Peoria, AZ: 3100 SF 8-yr old restaurant on .72 ac pad to Home Depot and Sears just off Loop 101 in Phoenix. 100% absolute NNN corp lease with 12 yrs remaining. NOI $131K/yr with annual rent bump. $1.749M. 7.5% cap.
2. Goodyear Auto Service Center in Kyle, TX: 7260 SF 3-yr old auto service center on 1 ac lot just off I-35 10 minutes from Austin. 100% NNN lease till 2016. NOI $172K/yr. $2M. 8.6% cap.
3. Sprint Store in San Leandro, CA: 2900 SF single-tenant retail store sale and lease back. New 7 yrs absolute NNN lease. NOI $74K/yr with annual rent increase. Only $935K. 8% cap.
4. Retail building in Campbell, CA: 2600 SF retail building on Bascom Ave. 100% NNN leased by a beauty salon and optometrist. NOI $72K/yr. $1.15M. 6.27% cap.
5. Arby’s in Omaha, NE: 2879 SF 7-yrs old restaurant on .62 outparcel in front of Home Depot on a major artery in a stable city. New 20 yrs absolute NNN lease by an experienced operator with 19 locations. NOI $93K/yr with 8% rent bump every 5 yrs. $1.2M. 7.75% cap.
6. La Petite Academy in Memphis, TN: 5050 SF childcare center on .71 acres lot in front of Kroger Supermarket and adjacent to Walmart. 100% NNN lease by a national childcare provider. NOI $178K/yr. $1.275M. 14% cap!
7. Advance Auto Parts in Leesburg, FL: 7000 SF auto part center on 1.9 acres lot in a inland town. New 15 years NNN lease. NOI $176K/yr. $2.25M. 7.82% cap. Recession-insensitive tenant.
8. Ryan’s restaurant in Fredericksburg, VA: 11,302 SF chained restaurant on 2 acres parcel as part of 2,200,000 SF Center Park Shopping Center. This is the 2nd largest shopping center in the East Coast with over 250 businesses and anchored by Kohl' s, Lowe' s, Target, Wal-Mart, Best Buy, Borders, Office Depot, The Sports Authority, Toys R Us, Old Navy, and the Regal Theaters 15. Long term NNN corp lease. NOI $224K/yr with annual rent bump. $2.355M. 9.5% cap.
9. Strip mall in Phoenix, AZ: 7534 SF retail strip built in 2005 on 1 acre parcel on a main thoroughfare. 100% NNN leased by 6 good tenants: Little Caesar' s Pizza, Ace Cash Express, Water N Ice, Circket Wireless, a party store and a barber shop. NOI $161K/yr. $1.888M. 8.55% cap.
   
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