Friday, October 30, 2009

Top 6 Properties Among 339 10-16-09

  1. Romano’s Macaroni Grill in Fort Worth, TX: 7888 SF attractive restaurant built in 1999 on 1.88 acres of land conveniently located along I-35. New 20-years absolute NNN corp lease. NOI $203K/yr. $2.389M. 8.5% Cap.
  2. Jack in the Box in San Jacinto, CA: 2850 SF free standing building constructed in 1993 on .50 acre lot adjacent to Walgreen’s at strong retail corridor. Long absolute NNN corp lease wit CPI rent increases. NOI $114K/yr. $1.836M. 6.25% Cap.
  3. Free-standing retail building in San Diego, CA: 7900 SF retail building constructed in 1990 on .69 acre lot across from Rite Aid at signalized intersection. 100% NNN leased by PowerHouse Gym with 300 locations worldwide. NOI $186K/yr. $2.350M. 8% Cap.
  4. KinderCare Learning Center in Laveen, AZ: 10,145 SF recently constructed day care center on over 1 acre outparcel to Safeway anchored center in booming (595.58%) Phoenix suburbs. 15 yrs absolute NNN corp lease. NOI $232K/yr. $3.106M. 7.5% Cap.
  5. Strip Center in Sacramento, CA: 9330 SF retail center with excellent visibility along busy thoroughfare near Florin Mall. 100% NNN leased by 5 tenants: ICI Paint, FL Laundromat, Vac & Sew, Paris Salon and T-Mobil. NOI $126K/yr. $2M. 6.3% Cap. Price reduced from $2.5M. to $2M.
  6. Strip Center in Green Bay, WI: 8253 SF recently renovated strip center on .79 acre lot in close proximity to Lambeau Field/Bay Park Square Mall. 100% NNN leased. NOI $96K/yr. $995M. 9.68% Cap. Perfect for 1st time investor.

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