Top 8 Properties of 11-03-09

1. 7-Eleven Retail Store in Milpitas, CA: 2400 SF freestanding retail building on .46 acre lot at excellent signalized corner location along main retail corridor. 100% NNN leased. NOI $66K/yr. $1.1M. 6% cap.
2. Advance Auto Parts in Wilmington, NC: brand new 7000 SF Advance Auto Parts alongside active thoroughfare in growing (49.55%) coastal town. Long NNN lease. NOI $145K/yr. $1.941M. 7.50% cap.
3. Apartments in Dallas, TX: 63-unit 3-stories apartment complex on over one acre lot in wealthy (AHI $108K/yr) neighborhood in densely populated area. 95% leased. NOI $203K/yr. $2.350M. 8.65% Cap.
4. Shopping Center in Houston, TX: 17,280 SF attractive shopping center built in 2002 on 1.50 acres of parcel surrounded by national tenants – Walmart, Target, Lowes. 100% NNN leased. NOI $382K/yr. $3.9M. 10% Cap.
5. Office Building in Campbell, CA: 40,000 SF 2-stories office building on 1.87 acres of land next to Fwy-17 exit in a high income Silicon Valley city. $8.995M. Excellent for owner user!
6. McAlister in Columbia, SC: 4405 SF franchised restaurant built in 1997 on 1.14 acres lot next to the 110 specialty-store Columbiana Centre Mall in a densely populated retail trade area. 20 yrs NNN lease. NOI $148K/yr. $1.614M. 9.20% cap.
7. Shopping Center in Lancaster, CA: 32,662 SF shopping center built in 2005 on 2.37 acres of land anchored by Dollar Tree at major signalized intersection. 100% NNN leased. NOI $389K/yr. $4.940M. 7.89% Cap.
8. Strip Center in Hemet, CA: 12,560 SF strip center on .81 acre lot located at prime commercial area. This is a short sale. All terms are subject to lender’s approval. Property was sold at $1.95M in 2007. Actual NOI $127K/yr. $949K/yr. 13.40% Cap.
   
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