Top 10 Properties of 11-13-09

AHI: Avg Household Income
NOI: Net Oper Income

1. Retail building in Sunnyvale, CA: 4500 SF retail center on El Camino Real. 100% leased by 2 tenants.NOI $118K/yr. $1.745M. 6.76% cap.
2. El polo Loco restaurant in Riverside, CA: 1938 SF franchised restaurant on .44 acre parcel. 20 yrs absolute NNN lease with 10 yrs remaining. NOI $74K/yr with 12% rent bump every 5 yrs. $875K. 8.45% cap.
3. Taco Bell in Chandler, AZ: 2780 SF restaurant built in 1998 on 2/3 acre outparcel to Target and Big 5 anchored shopping center. Affluent area in Phoenix metro with AHI over $98K/yr. 100% NNN leased till 2018 by 40+ unit franchisee. NOI $158K/yr with 10% rent bump every 5 yrs. $1.76M. 9% cap.
4. Days Inn & Suites in Dallas, TX: 80-unit motel built in 2000 on 1.65 acres parcel with frontage on George Bush turnpike in a wealthy area with AHI over $125K/yr. Under performing motel with 25% occupancy. NOI $121K/yr. $2.1M. Strong upside for investors with turn-around skills.
5. Lone Star Steakhouse in Anchorage, AK: rare 10,769 SF regional restaurant in a growing city. 15 yrs absolute NNN lease by a corp with 180 locations and $322M in sales. NOI $275K/yr. with 2% annual rent bump. $2.75M. 10% cap.
6. Apartments in Inglewood, CA: 32-unit apartments complex in a densely-populated Los Angeles city with over 725K residents within 5 miles ring. NOI $185K/yr. $2.55M. 7.29% cap.
7. Advance Auto Parts in Birmingham, AL: 6000 SF brand new auto parts store on 1.6 acres parcel at the intersection of 2 major road in a n affluent area with AHI over $108K/yr. 15 yrs absolute NNN corp lease. NOI $138K/yr. $1.791M. 7.75% cap. Recession resistant tenant.
8. Texas Roadhouse restaurant in Oklahoma City, OK: 6400 SF restaurant built in 2001 on 1.7 acres lot next to Crossroads Mall. 100% NNN ground lease till 2015 (you are buying the land)by TX Roadhouse (NASDAG: TXRH) with 310 locations in 44 states. NOI $82K/yr. $1.031M. 9% cap.
9. Shopping Center in Harvey, IL: 75,000 SF grocery anchored shopping center on 5.2 acres of land in Chicago metro. 100% occupied. NOI $583K/yr. $6.625M. 8.82% cap.
10. CVS Pharmacy in Houston, TX: 13,013 SF drug store on 1.5 acres lot with frontage on I-10. New 20 yrs NNN lease. NOI $321K/yr. $4.011M. 8% cap.
    
    
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