Top 9 Properties Among 320+ 10/06/09

1. Walgreens in Birmingham, AL: 13,905 SF drug store built in 1999 on 1.77 acres lot. 20 yrs NN lease with 9.5 yrs remaining. Store with over $6.5M in annual revenue. NOI $289K/yr. $3.306M. 8.75% cap.
2. Apartments in Dallas, TX: 150-unit mature apartments complex on 5.68 acres lot. 93% occupied. Annual gross rent of over $1.08M. $2.9M. Just over $23K/unit!
3. Apartments in Sunnyvale, CA: 6-unit apartments located in the heart of Silicon Valley with AHI over $117K/yr. NOI $45K/yr. $920K.
4. Medical Office building in Oak Lawn, IL: 26,324 SF 3-story class-A medical office building in Chicago metro. 100% occupied by 7 medical tenants. NOI $759K/yr. $9.5M. 8% cap.
5. CVS Pharmacy in Hanson, MA: 10,125 SF drug store built in 1997 on 5.8 acres lot in Boston suburbs. 20 yrs NN leased till 2018. Store with very strong sales of $9M/year. NOI $178K which includes over $18K in percentage rent. $2.063M. 8.35% cap.
6. Strip Mall in Bakersfield, CA: 6000 SF strip center on 2/3 ac outparcel to a Wal-mart supercenter. 100% NNN leased by 3 brand name tenants: H&R Block, Check into Cash and Verizon Wireless. NOI $172K/yr. Price reduced from $1.95M to $1.775M. 9.7% cap.
7. Shopping Center in Frisco, TX: 27,000 SF shopping center on a commercial corridor plus 5.4 acres lot in a fast growing (58% since 2000) and affluent Dallas suburb (AHI $119K/yr). 92% NNN leased. NOI $585K/yr. $6.5M. 9% cap.
8. Motel in Wichita, KS: 95 unit Garden Inn & Suites on a major artery in front of Towne East Square Mall. $2M.
9. Single tenant retail building in Abingdon, MD: 20,087 SF retail building on 2.28 acres parcel just off I-95 exit in a high income town NE of Baltimore. Surrounded by Target, Wal-Mart, Lowe' s, BJ' s Wholesale Club and Regal Cinemas. Long term NNN lease by Petsmart. NOI $42K/yr. $4.9M. 9% cap.
   
   © Copyright Transmercial 2009. All rights reserved.