Top 8 Properties Among 324 on 06/03/09

1. Arby’s restaurant in Austell, GA: 3365 SF restaurant on an corner outparcel to a shopping center in Atlanta metro. 10 yrs absolute NNN lease with corp guaranty. NOI $75K/yr. with 7% rent increase every 5 yrs. $964K. 7.5% cap. Great for 1st time investors.
2. Strip Center in Orange Park, FL: 13,800 SF nice-looking strip center close to Orange Park Mall with easy access to I-295 in Jacksonville suburbs. 100% leased by a diverse tenant mix. NOI $104K/yr. $1.525M. 9.22% Cap.
   Upside potential: tenants paying 35% below market rent
3. Shopping Center in Orange Park, FL: 28,000 SF shopping center anchored by O’Reilly Auto Parts across from Target, Home Depot. 89% Occupied. NOI $296K/yr. $3.2M. 9.27% Cap.
4. Retail Center in Jacksonville, FL: 11,880 SF retail/office center built in 1986 along main thoroughfare near I-295. 100% leased by local/regional tenants. NOI $174K/yr. $2M. 8.73% Cap.
5. Tuffy Auto Retail Center in Orland Park, IL: 3720 SF attractive retail building constructed in 2000 on .95 acre lot adjacent to Walgreens surrounded by many national tenants in affluent Chicago suburbs. 100% NNN corp lease. NOI $79K/yr. $1.095M. 7.25% Cap.
6. Strip Center in Knoxville, TN: 22,080 SF retail center built in 2005 at Hwy-70. 87% NNN leased. NOI $135K/yr. $1.6M. 8.44% ACTUAL Cap.
   Upside potential when fully leased
7. Rite Aid in Hemet, CA: 17,272 SF recently constructed retail building on 1.61 acres of land at signalized intersection in growing Southern California. New 20-years NNN corp lease. NOI $521K/yr. $6.320M. 8.25% Cap.
8. Shopping Center in Montgomery, AL: 200,808 SF mature shopping center on 16 acres of land with easy access to I-65/85. 89% leased. NOI $388K/yr. $4M. 9.70 ACTUAL Cap. Only $19.92 per SF.
   
   © Copyright Transmercial 2009. All rights reserved.