Top 6 Commercial Properties of 10-02-09

NOI: Net Oper Income
AHI: Avg household Income

1. Shopping Center in Sacramento, CA: 19,913 SF 2-building 10-unit shopping center built in 2005. 80% occupied with 2 vacant units. NOI $402K/yr. Drastic price reduction from 6.287M to $3.995M. 10% cap.
2. Pizza Hut in Cottondale, AL: 3479 SF pizza restaurant built in 1999 on 2/3 acre parcel just off I-20 exit in Tuscaloosa. 20 yrs NNN lease with 12 yrs remaining from the largest Pizza Hut franchisee with 1154 locations in 28 states. NOI $79K/yr. Price reduced to $935K. 8.44% cap.
3. Shopping center in Jonesboro, GA: 16,554 SF 3-building shopping center on an outparcel to a Kroger Grocery & Kmart anchored shopping center on a major artery in Atlanta metro. Long term tenants (since 1995): Church's Chicken, Metro PCS mobile phones and Jackson Hewitt Tax Services. 100% NNN leased by 11 tenants. NOI $198K/yr. $2.2M. 9% cap.
4. Office Building in San Jose, CA: 6520 SF 2-story building on 1/3 ac parcel on Saratoga Ave. in a wealthy part of Silicon Valley. Easy access to I-280 and Fwy-85. Ideal or owner/user. $1.95M.
5. Valvoline Auto Service Center in Peoria, AZ: 6356 SF auto service and car wash center on 1.10 acre lot in a high income suburban Phoenix. 100% NNN lease. NOI $136K/yr with 3% annual rent bump. $1.5M. 9.06% cap.
6. Strip Mall in Alameda, CA: 6132 SF strip mall built in 1992 on an outparcel to a shopping center anchored by Lucky Supermarkets and CVS Pharmacy in a high income San Fran Bay Area with very high barrier to entry. 100% NNN leased by 3 tenants: Chase, Quiznos, and Hairmasters. NOI $200K/yr. $2.785M. 7.21% cap.
   
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