Top 8 Properties Among 349 on 08/05/09

1. Burger King in Dallas, TX: 2696 SF restaurant built in 2002 on .86 ac lot just off Loop-12 exit. New 20 yrs absolute NNN lease by an franchisee with 18 Burger Kings and 37 AppleBees. 24-hr location. NOI $161K/yr. with 2% annual rent bump. Price reduced to $1.9M. 8.5% cap.
2. Holiday Express in Brentwood, CA: 50-room hotel built in 1995 in a fast growing (80% growth) San Fran Bay Area city with 75% avg occupancy. NOI $558K/yr. $5.695M. 9.8% cap.
3. Neighborhood Center in Chino Hills, CA: 128,802 SF 44-unit trophy upscale market place on 13.5 acres lot in an affluent city with AHI over $116K/yr. Anchored by Fresh & Easy neighborhood market. 58% NNN leased with actual NOI of $1.5M. Price has just been reduced from $24M to $19M. 10% actual cap. Definitely strong upside potential when 100% leased!
4. Safeway Shopping Center in Springfield, OR: 96,027 SF shopping center on 8.74 acres lot in Eugene metro. Anchored by Safeway supermarket, and Bank of America. 94% NNN leased by 23 tenants. NOI $1.032M. $9.67M. 10.68% cap.
5. Medical Center in Houston, TX: 31,575 SF multi-tenant class-A medical center built in 2007 on 3.85 acres lot with frontage on Beltway-8N with heavy traffic volume of 91,000 cars per day. Anchored by Texas Children's Pediatric. 100% NNN leased. NOI $573K/yr. $6.2M. 9.25% cap.
6. CVS Pharmacy in Tampa, FL: 10,908 SF drug store constructed in 2000 on 1.16 acres corner lot on a major artery. 100% NNN leased till 2020. NOI $248K/yr. $3.3M. 7.5% cap. Buyer to assume 2.2M loan at low 6.25% fixed rate to 2016.
7. Shell Gas Station in Pinole, CA: 6 MPDs Shell gas station with 3840 SF convenience store and car wash on 1.34 acres outparcel to Pinole Vista Shopping Center just off I-80 exit. Station pumps 170,000 gallon/month, with $33K/month from convenience store and $7700/month for car wash. $3.2M.
8. Shopping Center in Panorama, CA: 29,607 SF shopping center anchored by Dollar Tree as part of the larger Panorama Plaza anchored by 24 Hour Fitness, Rite Aid, Citi Bank, and Bank of America. Densely populated area with over 725,000 residents within 5 miles radius. 100% NNN leased. NOI $576K/yr with strong rent increases. $6.4M. 9% cap in CA!
   
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