Wednesday, May 20, 2009

Top 9 Properties Among 319 05/13/09

  1. Walgreen’s Pharmacy in Warr Acres, OK: 13,905 SF drug store on 1.28 acres of land across West Park Mall at a signalized intersection in a densely-populated Oklahoma suburb. 100% NNN leased. NOI $185K/yr. $2.040M. Unusually high 9.1% Cap.
    New roof installed April 2008
    Exterior of building recently painted
    Strong financially & recession-insensitive tenant with A+ S&P rating.
  2. IHOP Restaurant in Macon, GA: 5020 SF restaurant built in 1999 on .91 acre lot in fast growing Atlanta metro. Long NNN corp lease with rent increases. NOI $143K/yr. $1.977M. 7.25% Cap.
  3. Strip Center in Zion, IL: 16,010 SF attractive strip center on 1.21 acres lot shadow-anchored by Big K-Mart and Piggly Wiggly Grocery. 100% NNN leased by Dollar General,Comcast Cable and Future Wireless. NOI$ 97K/yr. $1.385M. 7.85% Cap.
  4. Burger King in Carson, CA: 3319 SF restaurant built in 1996 shadow-anchored by Super Kmart with great visibility to I-110. NNN leased with 17-years remaining on original lease and 7% rent increases every 5-years. NOI $124K/yr. $1.921M. 6.50% Cap.
  5. Retail Center in Brentwood, CA: 7969 SF recently constructed upscale retail center on .90 acre lot in growing/rich (AHI $87K/yr) area. 100% NNN lease. NOI $245K/yr. $2.825M. 8.7% Cap.
  6. Medical Office in San Mateo, CA: 3150 SF well located medical office near the top-quality-care Mills Peninsula Hospital at hard signalized intersection. $1.295M. Great for owner user.
  7. Strip Center in Calumet City, IL: 7995 strip center built in 2005 on 1.4 acres of land adjacent to River Oaks Shopping Center near Hwy-94 in Chicago suburbs. 100% NNN leased. NOI $160K/yr. $2.1M. 7.62% Cap.
  8. Retail Center in Hollywood, FL: 11,653 SF stable retail center built in 1980 anchored by NAPA Auto Parts at high traffic location. 100% NNN lease. NOI $208K/yr. $2.916M. 7.16% Cap.
  9. Retail Center in Tempe, AZ: 9671 SF well located retail center on .91 acre lot at hard corner location with great tenant mix near I-10.100% NNN lease. NOI $110K/yr. $1.225M. 9% Cap.
    Recent Improved: new roof, new monument sign and parking recently striped.
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