Top Properties Among 261 on 06-12-09

1. Grocery Store in Mission Viejo, CA: 24,240 SF grocery store in an affluent city (AHI over $110K/yr) in Orange county. 100% NNN leased by Henry’s Market with 30 locations in Southern CA. NOI $479K/yr. $8M. 6% cap.
2. Shopping Center in Lake Elsinore, CA: 34,850 SF shopping center on 2 acres lot near I-15 exit in a booming town with high income. 100% NNN leased by 14 tenants. NOI $391K/yr. $4.89M. 8% cap.
3. Jiffy Lube w/ Car wash in Gilbert, AZ: 7000 SF Jiffy Lube with car wash facilities on .6 acre parcel in a growing and high income (AHI over $97K/yr) Phoenix suburb. 100% NNN leased till 2016. NOI $157K/yr with strong 3% annual rent bump. $2.095M. 7.5% cap.
4. Dick’s Sporting Goods in Irving, TX: 55,000 SF Sporting goods store on 4.86 acres lot as part of a 30-acre retail complex anchored by Best Buy and 24-hr Fitness. Adjacent to Wal-mart supercenter. 100% NNN leased. NOI $801K/yr. $9.155M. 8.75% cap.
5. Staples in Phoenix, AZ: 24,500 SF single-tenant retail building developed in 1996 in front of Wal-mart supercenter. 100% NNN leased. NOI $301K/yr. $3.975M. 7.55% cap.
6. Medical Office building in Gilbert, AZ: 32,674 SF 8-yr old class-A medical office building in a fast growing and wealthy Phoenix suburb with AHI over $102K/yr. 100% NNN leased by 8 medical & dental tenants. NOI $728K/yr. $10.3M. 7.07% cap.
   
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