Top 10 Properties 11/10/09

Welcome new subscribers
NOI: Net Oper Income
AHI: Avg Household Income
Please email brochure request to maria@transmercial.com

1. Albertsons Supermarket in Pueblo, CO: 69,553 SF big box on over 6 acres of land. 100% NNN lease extended till 2016. NOI $238K/yr and will increase to over $287K/yr in 2016 (over 20%). $2.974M. 8% cap now and 9.65% cap in 2016!
2. Shopping center in Riverside, CA: 38,060 SF multi-tenant shopping center on 3.46 acres lot with easy access to Riverside Fwy. Across the street from Kaiser Permanente Riverside. NOI $650K/yr. $7.11M. 7.5% cap. Only $186/SF. Upside potential!
3. Medical Tower in Huntington Beach, CA: 58,518 SF medical tower on 2.6 acres parcel across from Huntington Beach Hospital, a 131 bed facility with over 500 employees and 300 physicians in an affluent coastal town (AHI $110K/yr). 95% leased. NOI $864K/yr. $10.875M. 7.95% cap.
4. Strip Mall in Lakewood, CO: 8086 SF 3-yr old strip center on a pad in front of Super Wal-mart and Home Depot in Denver. 100% NNN leased by Chipotle Mexican Grill, T-Mobile, Jimmy John's Gourmet Sandwiches. NOI $244K/yr. $3.06M. 8% cap.
5. Mini Storage in Sacramento, CA: 25,350 SF 269-unit mini storage built in 1996 on 1.53 ac lot near the airport. Electric gate & secured by 12-foot high concrete wall. 83% leased. NOI $186K/yr. $2.1M. 8.87% cap.
6. Cost Plus World Market in Wichita, KS: 18,252 SF single –tenant free-standing building on 3.65 acres lot in a wealthy part of the city with AHI $98K/yr. 100% NNN leased by Cost Plus World Market (NASDAG: CPWM) with 270 retail stores. NOI $237K/yr. $2.433M. 9.75% cap.
7. Tuffy Auto Service Center in Orland Park, IL: 3720 SF auto service center built in 2000 on .9 acre lot in a high income Chicago metro with AHI over $80K/yr. Neighboring Retailers include: Walgreen's, Home Depot, Advance Auto, Lexus of Orland, 7-Eleven and Starbucks. 100% NNN corp lease with 8 yrs left. NOI $79K/yr with 10% rent bump in Jan 2012. Only $995K. 8% cap.
8. Walgreens in Parker, CO: 14,450 SF drug store constructed in 2008 on 2.5 acres parcel on a major artery near I-25 in Denver metro. Excellent demographics with AHI of $115K/yr. 25 yrs NNN lease. NOI $445K/yr. $5.934M. 7.5% cap.
9. Retail Center in Roseville, CA: 15,122 SF retail center on 1.25 acres lot near I-80 in a growing & high income Sacramento metro. 100% NNN leased by 4 tenants. NOI $323K/yr. $3.799M. 8.1% cap.
10. Petco in Darlene Prairie, MO: 15,000 SF single-tenant building on 1.47 acres outlot of Dardenne Town Square, a new 400,000-square foot power center anchored by Target, JC Penney, Shop 'n Save and Wehrenberg Theatre in St Louis suburbs. 10 yrs corp lease. NOI $252K/yr. $2.975M. 8.5% cap.
    
    © Copyright Transmercial 2009. All rights reserved.