Top 6 Properties 09-15-09

1. Shopping Center in Austell, GA: 9000 SF 3-yr old strip mall on 1.25 acres outparcel to Home Depot in Atlanta suburb. 100% NNN leased by 4 tenants. NOI $256K/yr. Price reduced from $2.8M to $2.6M. 9.84% cap.
2. Strip Mall in Temecula, CA: 13,630 SF strip mall constructed in 2001 in front of 1.1 Million squarefeet Promenade regional mall. 100% NNN leased by 3 tenants. NOI $357K/yr. $4.325M. 8.25% cap.
3. Retail Building in Sacramento, CA: 4800 SF retail building on ½ acre corner lot. 100% NNN leased by 7-11. NOI $81K/yr. Price reduced from $1.125M to $1.025M. 8% cap.
4. Shopping Center in West Covina, CA: 16,450 SF shopping center in a densely-populated city with over 500K residents within 5 miles ring. 100% NNN leased by 13 tenants. NOI $258K/yr. Price reduced from $3.795M to $3.6M. 7.19% cap.
5. Walgreens in Warr Acres, OK: 13,305 SF drug store on 1.2 acres corner lot in a stable suburban Oklahoma city. New roof. 100% NN leased till 2016. NOI $185K/yr. $2.04M. 9.1% cap.
6. Petco in Union Gap, WA: 15,373 SF single-tenant retail building developed in 2006 on 1.33 acres parcel in a prime commercial corridor near Valley Mall in Yakima metro. 10 yrs NNN lease till 2016 by PETCO Animal Supplies Stores, Inc. NOI $308K/yr with 8.2% rent bump in 2012. $3.688M. 8.37% cap.
   
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