Thursday, July 30, 2009

Top 10 Properties Among 309 07-23-09

  1. Tire & Auto Retail Building in Sugar Land, TX: 7568 SF well maintained retail building constructed in 2003 on 1.46 acres of parcel in fast growing (19.86%) affluent (MHI $115K/yr) southwest of Houston at hard corner location of Hwy-90. NOI $151K/yr. $1.825M. 8.32% Cap.
  2. El Pollo Loco Restaurant in Palm Desert, CA: rare 2924 SF newly constructed drive-thru free-standing retail building shadow-anchored by Wal-Mart at high traffic location. 17-yrs remaining on original absolute NNN ground lease (Buyer owns the land). NOI $111K/yr. $1.596M. 7% Cap.
  3. Family Dollar Retail Building in Arlington, TX: 9180 SF Family Dollar store built in 2005 on .96 acre lot in fast growing area. 100% NNN leased by recession-resistant tenant. NOI $69K/yr. $948K. 7.27% Cap.
    Annual store sales increasing since store opened.
  4. Strip Center in North Hollywood, CA: 9515 SF strip center anchored by 7-Eleven on .45 acre lot immediately adjacent to I-101/134 and 170. 100% NNN leased by good tenant mix: 7-Eleven, Cleaners, KirkMusic Studios, JP Classic, Original Thai and Papa John’s. NOI $280K/yr. $3.960M. 7.09% Cap.
  5. Mini-Storage in Charlotte, NC: 48,800 SF storage facility renovated in 2008 on 2.89 acres of land near Route-29. NOI $131K/yr. $1.380M. 9.51% Cap.
  6. Bridgestone & Firestone Retail Building in Lake Saint Louis, MO: one-year old 7609 SF retail building next to I-40/61 in St Louis suburb. Long NNN lease by credit tenant. NOI $217K/yr. $2.718M. 8% Cap.
  7. Burger King Restaurant in Houston, TX: 2929 SF Burger King Restaurant on .77 acre lot off of I-10. 20-years absolute NNN leased by strong franchisee. NOI $114K/yr. $1.476M. 7.75% Cap.
  8. Medical/Office Retail Building in Las Vegas, NV: 29,812 SF 2-story medical/office retail building built in 1997 close to Mountain View Hospital. NOI $422K/yr. $4.5M. 9.38% Cap.
  9. Golden Coral Buffet & Grill in San Antonio, TX: 14,039 SF attractive restaurant on 2.16 acres of land at main retail corridor surrounded by many national tenants in close proximity to I-13. Long NNN lease. NOI $399K/yr. $4.895M. 8.15% Cap.
  10. Strip Center in Costa Mesa, CA: 6735 SF recently constructed strip center on ..54 acre lot at highly visible location near Hwy-55. 100% NNN by 4-teants: Ace Cash Express, Papa John’s, Thai Tasty Corner and El Chicano. NOI $215K/yr. $3.350M. 6.42% Cap.

    © Copyright Transmercial 2009. All rights reserved.

No comments:

Post a Comment