Top 5 Properties 09-04-09

1. Walgreens in Renton, WA: 14,820 SF newly-built drug store on 1.13 acres lot at a signalized corner in a growing and high income (AHI $88K/ within 5 miles ring) Seattle metro. 20 yrs NNN lease with no landlord responsibilities. NOI $550K/yr. $7.24M. 7.5% cap.
2. KFC in Fort Worth, TX: 2084 SF newly-built restaurant on ½ acre lot on a major artery. 20 yrs absolute NNN lease from a franchisee with 57 locations. NOI $97K/yr with 10% rent bump every 5 yrs. $1.175M. 8.25% cap.
3. Medical Office Building in Phoenix, AZ: 28,183 SF medical office building on 4 acres lot near I-17. 89% leased by a variety of healthcare businesses, including primary care, specialty medical, urgent care, dental, chiropractic and optical-care services. NOI $333K/yr. $3.7M. 9% cap.
4. Medical Office Building Las Vegas, NV: 15,488 SF medical office building developed in 2000 on .95 ac parcel in a high income part of the city. 100% NNN leased by 4 medical tenants. NOI $379K/yr. $4.395M. 8.6% cap.
5. Neighborhood center in Phoenix, AZ: 75,233 SF 13-unit neighborhood center built in 2006 on 8.7 acres corner lot anchored by 55,000 SF Food City supermarket. 95% NNN leased. Proforma NOI $1.1M. $12.79M. 9% cap.
   
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