Top 7 Properties of 09-03-09

1. KFC In Fort Worth, TX: 2730 SF 10-yrs old restaurant on ¾ ac Home Depot outparcel at I-820 off-ramp. 20 yrs absolute NNN lease by a franchisee with 57 locations. NOI $133K/yr. with 10% rent bump every 5 yrs. $1.618M. 8.25% cap.
2. Rite Aid in Sugar Hill, GA: 13,824 SF drug store built in 2003 on 2.66 acres lot in a growing Atlanta suburb. 100% long term NNN lease. NOI $314K/yr. $3.3M. 9.5% cap.
3. Medical Office building in San Leandro, CA: 7500 SF single-tenant medical office building. 100% leased by Stars Behavior Health Group with 12 outpatients centers in CA. NOI $82K/yr. $1.1M. 7.5% cap.
4. Medical Imaging Center in Jacksonville, FL: 11,114 SF imaging center next door to St Vincent’s Hospital. New 7 yrs NNN lease at closing. NOI $168K/yr. $2.1M. 8% cap. Recession-insensitive tenant.
5. Medical Center in Federal Way, WA: 17,079 SF medical office building on 2.74 acres lot in a stable and high income Seattle metro. 100% NNN leased by 3 tenants. NOI $270K/yr. $3.25M. 7.73% cap.
6. Shopping Center in Issaquah, WA: 40,707 SF shopping center on over 6 acres lot in an affluent city (AHI $128K within 5 miles ring) in Seattle metro. Current NOI $382K/yr. $4.2M. 9% cap.
7. Shopping center in Renton, WA: 29,014 SF shopping center on 2.2 acres parcel in a growing Seattle suburb. 92% leased. NOI $583K/yr. 7.4M. 8% cap.
   
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