Top 8 Properties Among 420+ 10/19/09

1. Strip center in San Jose, CA: 12,000 SF retail center built in 1990. Anchored by a dialysis center. 100% NNN leased. NOI $290K/yr. $4.3M. 6.75% cap.
2. KFC restaurant in Sebring, FL: 2311 SF restaurant built in 1997 on ¾ acre outparcel next to 495,000 SF Lakeshore Mall. 20 yrs NNN lease with over 10 yrs remaining by an operator with 8 units. NOI $80K/yr. Only $895K. 9% cap. Great for 1st time investors.
3. 32 unit apartment in Riverside, CA: 32-unit 8-building apartments complex near Galleria at Tyler mall. 85% occupied. NOI $201K/yr. $2.588M. 7.77% cap.
4. Bridgestone Tire Plus in Yukon, OK: 10,118 SF automotive center built in 2009 in Oklahoma city metro. 15 yrs NNN corp lease. NOI $212K/yr with 10% rent bump every 5 yrs. $2.575M. 8.25% cap.
5. Jack In the Box in Moreno Valley, CA: 2800 SF restaurant built in 1991 on ¾ acre on a major artery with easy access to I-215. Fast growing Riverside county. New 20 yrs absolute NNN lease with corp guaranty. Store with strong sales of over $1.8M/yr. NOI $138K/yr with up to 10% rent increase every 5 yrs. $2.216M. 6.25% cap.
6. Burger King in Rialto, CA: 3558 SF restaurant on 1 ac outparcel to Wal-mart supercenter just off I-10 exit. 20 yrs NNN lease with an operator with 40 locations. NOI $115K/yr. $1.67M. 6.9% cap. Note: this can be bought for $1.5M or 7.25% cap.
7. Jack In the box in Colorado Springs, CO: 3290 SF restaurant on .82 ac pad site to Marketplace at Austin Bluffs shopping center. Long term NNN ground lease, i.e. land is for sale. NOI $95K/yr. $1.27M. 7.5% cap.
8. Walgreens in West Columbia, SC: 14,820 SF drug store built in 2007 with double drive thru on 2.4 acres lot. 100% NNN leased till 2032. NOI $332K/yr. $4.426M. 7.5% cap.
   
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