Top 9 Properties Among 401 on 07-13-09

1. Firestone Retail Building in Laveen, AZ: brand new 7575 SF retail building surrounded by newly constructed residential homes. New 15-years NNN corp lease with 6.25% increases every 5-years. NOI $223/yr. $3.082M. 7.25% Cap.
2. Strip Center in Las Vegas, NV: 3500 SF strip center at major thoroughfare close to Mountain View Hospital/I-95. 100% NNN leased. NOI $114K/yr. $1.630M. 7.05% Cap.
3. Retail building in Bakersfield, CA: 11,232 SF attractive single tenant retail building constructed in 2007 on .85 acre lot adjacent to 1.1 million square feet Northwest Promenade shopping center anchored by Walmart, Target, Home Depot, Best Buy Kohls and Michaels. Long NNN leased till 2017 by Party City, the largest party supply company with over 500 stores . NOI 255K/yr. $3M. 8.5% Cap.
4. Taco Bell in Schaumburg, IL: 2700 SF Taco Bell retail building near 2.244 million SF Woodfield Mall and I-290. 100% NNN leased by experienced operator with currently 105 locations. 1.5% annual rent increases. NOI $ 72K/yr. $905K. 8.01% Cap.
5. McDonalds in Visalia, CA: 3915 SF beautiful retail building constructed in 2008 on .92 acre lot on busy Dinuba Blvd shadow-anchored by Target/Ross in fast growing area. 19-years remaining on absolute NNN corp ground lease (you own the land and the tenant owns the building.) NOI $113K/yr. $1.886M. 6% Cap.
6. Sweet Tomatoes Restaurant in Henderson, NV: 6112 SF eye-catching restaurant at hard corner location close to Galleria Mall/ I-515. 100% NNN leased. NOI $248K/yr. $3.250M. 7.66% Cap.
7. Strip Center in Sacramento, CA: 12,000 SF 7-tenants strip center built in 2004 on 1.40 acres of land. 100% leased by established businesses. NOI $269K/yr. $3.695M. 7.20% Cap.
8. Shopping Center in Duluth, GA: 65,000 SF shopping center on 1.50 acres of parcel at busy traffic location close to Gwinnet Place Mall. NOI $249M. $3M. 8.30% Cap.
9. CVS Pharmacy in North Las Vegas, NV: 14,613 SF pharmacy across from shopping center anchored by Smith’s grocery store just mites from I-15. 100% NNN leased. NOI $349K/yr. $4.605M. 7.60% Cap.
   
   © copyright Transmercial 2009. All rights reserved.