Top 10 Commercial Properties 09-29-09

1. TX Land & Cattle restaurant in Arlington, TX: 7918 SF franchised restaurant built in 1997 on 1.47 acres lot near the new Cowboys stadium. 100% absolute NNN lease. Store with strong revenue NOI $160K/yr with $20K rent bump every 5 yrs. plus potential percentage rent. $1.8M. 8.89% cap.
2. Arby’s in Omaha, NE: 2879 SF restaurant built in 2002 on .6 acre outparcel to Home Depot. New 20 yrs absolute NNN lease from a strong franchisee with 19 stores. Store with strong sales exceeding Arby’s national average. NOI $93K/yr with 8% rent bump every 5 yrs. $1.163M. 8% cap.
3. Walgreens in Grayson, GA: 14,500 SF drug store built in 2004 on 2.28 acres lot in a high-growth, high income suburban Atlanta. 25 yrs absolute NNN lease. NOI $335K/yr. $4.466M. 7.5% cap.
4. Wells Fargo Building in Palm Desert, CA: 5000 SF high-quality bank building constructed in 2007 on .85 acre out parcel to a power center anchored by Wal-mart, Sam’s Club, Kohl’s, Ashley Furniture, & Petsmart. near I-15 in a wealthy city with AHI over $113K/yr. 15 yrs NNN ground lease (you own the lot, tenant owns the building). AA- credit rating tenant. NOI $120K/yr with $15K rent bump in 2012. $1.778M. 6.75% cap.
5. Shopping Plaza in Chatsworth, CA: 7584 SF retail center on .4 acre corner lot in a high income town in LA county. 93% leased. NOI $167K/yr. $2.4M. 7% cap.
6. McAlister’s Deli in Columbia, SC: 4405 SF franchised restaurant built in 1997 on 1.14 acres lot next to the 110 specialty-store Columbiana Centre Mall in a densely populated retail trade area. 20 yrs NNN lease. NOI $148K/yr. $1.687M. 8.8% cap.
7. Strip Mall in Austell, GA: 9000 SF retail center on 1.24 acres outparcel to Home Depot at a hard corner of 2 major arteries. Across from super Wal-mart in a growing Atlanta metro. 100% NNN leased by 4 tenants. NOI $247K/yr. Price reduced from $2.8M to $2.6M. 9.5% cap.
8. Retail Center in San Bernardino, CA: 12,414 SF 9-unit retail center on .63 acre lot. 75% occupied. NOI $147K/yr. $1.699M. 8.7% cap.
9. Office Building in Plainfield, IL: 45,881 SF 7-yrs old professional center on 3.53 acres lot on the burstling Route 59 in a high-growth (134% since 2000) and high-income Chicago metro. Forbes Ranked Plainfield as "The Fifth Fastest Growing Suburban Community in the U.S." in 2007. 89% occupied. Actual NOI $555K/yr. $6M. 9.25% actual cap. Upside potential when 100% leased.
10. Single Tenant Retail Building in Hiram, GA: 4500 SF 2-yr old free-standing retail building on .88 ac lot in Atlanta metro. 100% NNN leased by Verizon Wireless till 2016. NOI $198K/yr. $2.385M. 8.3% cap.
    
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