Top 10 Commercial Properties 08-24-09

1. Shopping Center in Santa Anna, CA: 11,325 SF well located shopping center on .78 acre lot across from Santa Anna College with very-little competition. NOI $232K/yr. $3.190M. 7.30% Cap.
2. Medical Office in Conyers, GA: 7236 SF attractive free-standing medical office on 1.76 acres of land near I-20 in growing Atlanta metro. 100% NNN leased by recessions resistant tenants. NOI $181K/yr. $2.134M. 8.5% Cap.
3. Strip Center in Los Angeles, CA: 10,119 SF well-maintained strip center on .43 acre lot at hard corner location close to Fwy-10. NOI $242K/yr. $3.150M. 7.7% Proforma Cap.
4. Kinder Care in Fort Washington, MD: 6,484 SF single-tenant retail building constructed in 1985 on 1.99 acres of parcel in growing (16.26%) and wealthy (AHI $107K/yr within 1-mile radius) Washington, D.C. suburbs. 100% NNN leased. NOI $111K/yr. $1.082M. 10% Cap.
5. Strip Center in Los Angeles, CA: 6452 SF strip center built in 1994 at signalized intersection in densely populated area. 100% leased. NOI $137K/yr. $1.595M. 8.70% Cap.
6. Party City 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. $2.8M. 9.10% Cap.
7. World Market in Wichita, KS: 18,252 SF recently constructed retail building on 3.65 acres of land adjacent to Super Target off of K-96. Long NNN leased by Cost Plus World Market, a chain of 270 stores in 30 states. NOI $237K/yr. Price reduced to $2.433M. 9.75% Cap.
8. Medical Office in Mesa, AZ: 4247 SF one-year old medical office condo with excellent visibility in a booming area.100% leased by dental office. NOI $96K/yr. $1.069M. 9% cap.
9. Jiffy Lube in Austin, TX: 2346 SF Jiffy Lube retail building adjacent to Target Superstore off of I-183. Long NNN leased. NOI $98K/yr. $1.150M. 8.57% Cap.
10. Applebee’s Restaurant in Midlothian, VA: 4407 SF restaurant built in 1992 on .80 acre lot in Richmond metro. Shadow-anchored by Big K-Mart and just one block from Costco. Long absolute NNN lease with 2% annual rent increases. NOI $207K/yr. $ 2.435M. 8.5% Cap.
    
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