Top 6 Properties Among 327+ 10/05/09

1. Single-tenant retail center in Reno, NV: 18,000 SF brand new retail center in a prime commercial corridor in a growing city. Surrounded by Wal-mart, Kohl, Safeway, Save-mart, Walgreens. High income area. 10 yrs NNN leased by Staples. NOI $355K/yr. $4.6M. 7.73% cap.
2. Restaurant in Hayward, CA: 6717 SF Asian buffet restaurant on .6 acre lot in a high income city in San Fran Bay Area. 100% NNN lease with 3 yrs remaining. NOI $128K/yr. $1.6M. 8% cap.
3. Single tenant retail in Mesa, AZ: 32,398 SF retail building on 3.5 acres of land in a strong income Phoenix suburb. 10 yrs NNN lease by Goodwill with 6 yrs remaining. NOI $259K/yr. $3.456M. 7.5% cap. Buyer to assume $2.3M loan at very low rate of 5.36%. 11.88% cash on cash!
4. CVS Pharmacy in Rockland, MA: 10,125 SF drug store in Boston suburbs. 100% NN lease with 8 yrs remaining. NOI $203K/yr. $2.405M. 8.5% cap. Store with strong revenue of over $10M/year, i.e. highly profitable location.
5. AppleBee’s in Chesapeake, VA: 5156 SF franchised restaurant built in 1993 on 1.2 acres outparcel to 800,000 SF Chesapeake Square Mall in Norfolk metro. Long term NNN lease. NOI $189K/yr. $2.22M. 8.5% cap.
6. Apartments in Valley Village, CA: 8-unit apartment complex in high income North Hollywood (AHI $92K within 5 miles ring). 90% occupied. Gross income $89K/yr. $1.1M.
   
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