Top 10 Properties Among 300+ 08/28/09

1. Christian Brothers Auto in Lewisville, TX: 4971 SF 1-yr old automotive center in a high-income (AHI $98K/yr) Dallas metro. 15 yrs NNN corp lease with no landlord responsibilities. NOI $157K/yr with 1.5% annual rent bump. $1.937M. 8.12% cap.
2. Rite Aid in Bedford, NH: 14,975 SF drug store on 2.3 acres lot in a high income New England area. New 20 yrs absolute NNN lease. NOI $316K/yr. $3.515M. 9% cap.
3. Office Building in Fresno, CA: 18,962 SF office building constructed in 1997 on 3 acres lot. 100% leased by State of CA. NOI $264K/yr. $3.3M. 8% cap.
4. Logan’ Roadhouse in Fairview Heights, IL: 8500 SF franchised restaurant (w/ 196 restaurants in 24 states) built in 2007 on 1.9 acres parcel next to 1.1 MM SF Saint Clair Square Mall in Saint Louis suburb. 15 yrs NNN ground lease (investor owns the land but if the tenant does not renew the lease than the building is reverted to the landowner). NOI $100K/yr with 10% rent bump every 5 yrs. Price reduced to $1.25M. 8% cap.
5. Buffalo Wild Wing, in Keller, TX: 5000 SF restaurant on 1.34 acres lot in a fast growing (47%) and high income (AHI $88K/yr) Dallas suburb. 100% NNN lease with over 10 yrs remaining from a public corp. NOI $186K/yr. $2.067M. 9% cap. Note: Buffalo Wild Wing is among Fortune Magazine’s 100 Fastest growing companies in the world (listed in the US stock markets) in 2009. It ranks #82 with Apple at #39 and Google at #68. Please click here for the full list.
6. Retail Plaza in Rockford, IL: 75,302 SF 6-unit shopping center built in 1989 on over 5 acres lot with excellent visibility. 83% NNN leased by 5 good tenants: Big Lots (NYSE: BIG), Family Dollar (NYSE: FDO), Aaron Furniture (NYSE: RNT), State of IL, and AZ Entertainment with very low rent. NOI $434K/yr. (w/ 1 yr rent guaranty for 17% vacant space) $3.95M. 11% cap.
7. Jack In The Box in Mesa, AZ: 2370 SF restaurant on .6 ac lot in Phoenix metro. 100% absolute NNN corp lease till 2022. NOI $111K/yr with CPI-based rent increase every 5 yrs. $1.525M. 7.3% cap.
8. Childcare Center in Richardson, TX: 6264 SF childcare center on 1.2 acres lot in a high income (AHI $86K/yr) Dallas suburb. 100% NNN leased by KinderCare, a national childcare provider with 9 yrs left. NOI $89K/yr with CPI-based rent increase. $1.11M. ap.
9. Strip Mall in Orland Park, IL: 12,000 SF strip mall next to upscale Orland Square Mall in Chicago’s middle-class South suburb. 100% leased. NOI $139K/yr. Price just reduced to $1.58M. 9% cap.
10. Office Building in San Jose, CA: 2269 SF free-stand office building near I-880. Price reduced to $879K.
    
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