Top 6 Properties of 09/30/09

1. Walgreens in Pueblo, CO: 13,813 SF Walgreens drug store built in 2004 on 1.84 acres lot in a fast growth area. 25 yrs NNN lease. NOI $256K/yr. $3.425M. 7.5% cap.
2. Apartments Complex in Fort Worth, TX: 75-unit apartments complex on 3.66 acres lot in a growing and high income area with AHI over $83K/yr. New roof in 2007. 88% occupied. Potential NOI $97K/yr. $1.75M. 10.7% cap. Just over $23K/unit!
3. Shopping center in Decatur, GA: 67,940 SF 15-unit shopping center anchored by a 29,210 SF grocery and 8980 SF Family Dollar store in a high income and stable Atlanta metro. 96% leased. NOI $409K/yr. 9.53% cap.
4. Church’s Chicken in Norman, OK: brand new 2172 SF restaurant on .6 acre in Oklahoma city metro. Near the University of Oklahoma Campus. 20 yrs absolute NNN lease by an operator with 20 restaurants. NOI $104K/yr. $1.23M. 8.5% cap.
5. Dollar Store in San Jose, CA: 11,972 SF Dollar Store built in 1998 on Story road, across from Wal-mart. 10 yrs NNN lease by a recession-resistant tenant. NOI $307K/yr. Price reduced to $3.97M. 7.75% cap.
6. Tuffy Auto in Omaha, NE: 3900 SF 2-yr old Tuffy Auto service center on .63 acre pad to newly constructed center anchored by Super Target, OfficeMax, Hobby Lobby & Sports Authority. Across the street from Walmart Supercenter. Fast growth (129% since 2000), high income (AHI $109K/yr) area. 20 yrs absolute NNN lease with corp guaranty from a corp with over 400 stores. NOI $111K/yr. $1.369M. 8.15% cap.
   
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