Top 10 Properties of 10-28-09

FREE “How to invest in commercial real estate” seminar/webinar.

Date: Nov 14, 2009
Time: 8:55AM to noon PST
Place: Transmercial office at 1340 Tully Rd. suite 307. San Jose CA
Presenter: David Tran
Click here for seminar reservation form.
For those who signed up for the webinar, you should have already received instruction on how to attend the webinar. If you have not, please advise.

AHI: Avg Household Income
NOI: Net Oper income

1. Strip Center in Lone Tree, CO: one-year old 5,556 SF high-quality constructed strip center on .93 acre lot near Park Meadow Mall in an affluent (AHI $109K/yr) Denver metro. 100% NNN leased. NOI $184/yr. $2.3M. 8% Cap.
2. Days Inn and Suites in Knoxville, TN: attractive 91-room motel on 2.20 acres of land with numerous amenities: meeting space, exercise room, guest laundry, outdoor pool and more off of I-75. NOI $350K/yr. $3.9M. 9% Cap.
3. Apartments in North Richland Hills, TX: 138-units Class-B apartment complex constructed in 1978 on 6.51 acres of parcel. NOI $640K/yr. $6.4M. 10% Cap.
4. Retail Center in Pearland, TX: 9000 SF retail center built in 1999 on .97 acre lot anchored by Sherwin-Williams across from Walgreens. 100% leased by 3-tenants. NOI $113K/yr. $1.375M. 8.22% Cap.
5. Retail Building in Durham, NC: 4770 SF Best Friends Pet Care center on over 13 acres lot in a well-off (AHI $100K/yr) neighborhood near I-85/40/540 in fast growing Raleigh/Durham metro. Long NNN leased by national credit tenant. NOI $130K/yr. $1.3M. 10% Cap.
6. Pep Boys Auto & Tire Service in Oxnard, CA: 18,848 SF well located retail building on .72 acre lot with excellent ingress/egress. New 15-years absolute NNN corp lease with rent increases. NOI $269K/yr. $3.848M. 7% Cap.
7. Strip Center in Redlands, CA: 13,490 SF multi-tenant strip center constructed in 2004 on 1.23 acres of land along major retail corridor near Fwy-10. 100% NNN leased. NOI $250/yr. $3.125M. 8% Cap.
8. Shopping Center in Phoenix, AZ: 15,735 SF attractive shopping center built in 2006 anchored by US-Bank in a pad to Lowe’s and Wal-Mart shopping center. 100% NNN leased by national/local tenants. NOI $ 440K/yr. $5.350M. 8.25% Cap.
9. Freddy’s Frozen Custard Retail Building in San Antonio, TX: 3518 SF retail building constructed in 2008 on over 1 acre lot near a regional shopping center close to Fwy-151/410. 15-years absolute NNN ground lease. Buyer owns the land. NOI $105K/yr. $1.319M. 8% Cap.
10. Walgreen’s Pharmacy in Jacksonville, FL: 14,820 SF well-located pharmacy on 1.37 acres of land with double drive-thru across from Deerwood Country Club conveniently located between I-95/295. High income area with AHI over $82K/yr. New 25-years absolute NNN lease. NOI $442K/yr. $5.855M. 7.55% Cap.
    
    
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