Top 5 Properties Among 334 on 08/11/09

Welcome new subscribers. Each of the following property has a brief description and a flyer (attached). For a full brochure, please email to maria@transmercial.com.

NOI: Net Oper Income
AHI: Avg Household Income

1. AppleBee’s in Peoria, AZ: 5431 SF franchised restaurant built in 1993 on 1.4 acres outparcel to North Valley Power Center, across from Arrowhead Towne Center Mall and near Peoria Stadium. Growing and high income (AHI $94K/yr) Phoenix metro. 15 yrs absolute NNN corp lease by the nation’s 7-th largest restaurant franchisee with 90 locations. Store with strong annual sales revenue of over $3.3M. NOI $230K/yr with 1% annual rent bump. $2.787M. 8.25% cap.
2. Food Lion Shopping Center in Wilmington, NC: 44,180 SF shopping center built in 1993 on 4.15 acres lot and anchored by Food Lion Supermarket. Growing and stable coastal town. 100% NNN lease. NOI $358K/yr. $4.215M. 8.5% cap.
3. Neighborhood Center in Mesquite, TX: 94,096 SF class-A neighborhood center on 8.83 acres lot in Dallas metro. 100% NNN leased by Best Buy, Bed Bath & Beyond, Borders. NOI $1.242M. $14.975M. 8.3% cap.
4. Burger King restaurant in Lewisville, TX: 3756 SF restaurant on .59 acre outparcel to Kroger supermarket anchored shopping center in Dallas suburb. 20 yrs absolute NNN lease by a franchisee with 55 restaurants. NOI $110K/yr. Price just reduced from $1.67M to $1.3M. 8.5% cap.
5. Medical Office building in Montgomery, AL: 10,855 SF built in 2004 on 2 acres parcel across from Baptist Medical Center East in a growing and high income area. Currently occupied by Physicians for Women. Lease and income not avail. $2.33M.
   
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