Top 6 Properties Among 324 on 08/07/09

1. Taco Bell in Cedar Rapids, IA: 3000 SF 8-yrs old franchised restaurant on .9 ac pad to Wal-mart supercenter and Sam’s Club. New 15 yrs absolute NNN lease by an experienced operator with 12 units. NOI $98K/yr with 8% rent bump every 5 yrs. $1.225M. 8% cap.
2. Walgreens in Tucson, AZ: 13,905 SF drug store built in 1998 on 2.17 acres corner lot across from Northwest Medical Center in a fast growing and high income area. 100% NNN lease with 9 yrs remaining. NOI $324K/yr. $3.95M. 8.23% cap.
3. Shopping Plaza in Winthrop Harbor, IL: 60,980 SF retail plaza built in 2007 on 4.5 acres lot North of Chicago. Anchored by US Post Office and Centrella Grocery. 100% NNN leased. NOI $416K/yr. $4.3M. 9.67% cap.
4. Autozone in Conyers, GA: 7380 SF auto parts store developed in 2006 on 1.6 acres parcel in a growing and high income Atlanta suburb . 20 yrs NNN lease. NOI $121K/yr. $1.62M. 7.5% cap.
5. La Petite Academy in Henderson, NV: 6715 SF childcare center on ¾ acre lot in a wealthy (AHI over $107K/yr) South Las Vegas. 100% NNN lease by a solid national tenant. NOI $86K/yr with 10% rent bump in 2013. $1.084M. 8% cap.
6. Dental Building in Austin, TX: 2970 SF new free-standing built-to-suit building on 1 acre lot in a fast growing middle class Austin. 100% corp leased till 2020 by Affordable Care with 130 locations and over $200M in networth. NOI $130K/yr with CPI-based rent increase every 5 yrs. $1.533M. 8.5% cap.
   
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