Top 9 Properties Among 500+ 06/08/09

1. Joe’s Crab Shack Restaurant in Duluth, GA: 9160 SF restaurant built in 2004 on over 2 acres of land near I-85 in rapidly growing Atlanta metro. Long NNN corp lease. NOI $157K/yr. $1.890M. 8.35% Cap.
2. Shoney’s Restaurant in Greensboro, NC: 5798 SF Shoney’s restaurant on 1.74 acres of parcel next to Motel-6 off of I-40. Absolute NNN corp lease. NOI $88K/yr. $1.105M. 8% Cap.
3. Shopping Center in McKinney, TX: 27,450 SF shopping center built in 1997 on 3.36 acres of land shadow-anchored by Super Wal-Mart/Sam’s Club with great visibility to Hwy-75/380. NOI $442.750M. 8.75% Cap. Price not disclosed. Buyer to assume $3.085M at 6.12% interest rate.
4. Medical Office in San Antonio, TX: 24,922 SF attractive medical building on 2.56 acres of parcel near Methodist Specialty Hospital/St Luke’s Baptist Hospital just blocks from I-10. NOI $315K/yr. $4.250M. 7.4% Cap.
5. Strip Center in Temecula, CA: 9450 SF 3-tenant retail center built in 2000 on over 1 acre pad surrounded by national tenants. 100% NNN leased. NOI $260K/yr. $3.590M. 7.25% Cap.
6. Ryan’s Grill Buffet in Indianapolis, IN: 9601 SF restaurant situated on US-31 in fast growing area. 100% NNN corp lease. NOI $188K/yr. $1.884M. 10% Cap.
7. Del Taco Restaurant in Lancaster, CA: 2066 SF nice-looking restaurant with drive-thru built in 1995 on .58 acre lot shadow-anchored by CVS/Vons. 100% NNN corp lease with 2.25% rent increases every two years. NOI $110K/yr. $1.7M. 6.5% Cap.
8. Kohl’s in Eureka, CA: 61,173 SF retail building on 5.48 acres of land located at Regional Bayshore Mall anchored by Sears, Borders, Bed Bath & Beyond. 100% NNN corp lease with rental increases. NOI $486K/yr. $6.085M. 8% Cap. Only $99.48 per SF.
9. Brand New Starbucks in Irving, TX: 1750 SF retail building on .64 acre lot surrounded by many national tenants in prosperous (AHI $202K/yr within 1 mile radius) Dallas suburbs. NOI $89K/yr. $1.236M. 7.20% Cap.
   
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