Top 10 Properties 11-19-09

1. Captain D’s in Montgomery, AL: 2623 SF Captain D’s seafood restaurant on .61 acre lot ideally located on heavily traveled thoroughfare close to Hwy-85. Long NNN corp lease till 2022. 10% rent increases every 5-years. NOI $93K/yr. $1.095M. 8.5% Cap.
2. Shopping Center in Lakewood, CO: 22,833 SF 3-yrs old shopping center on 2.26 acres of land across from Wal-Mart and Home Depot at highly visible location in Denver metro. NNN leased by strong national/credit tenants. NOI $228K/yr. $8.530M. 8% Cap.
3. Shopping Center in Riverside, CA: 38,060 SF recently renovated shopping center consisting of four retail buildings on 3.46 acres of parcel anchored by Kaiser Foundation across from Kaiser Permanente Hospital conveniently located near Fwy-91. 89% leased with excellent tenant mix. NOI $533K/yr. $7.110M. 7.5% Actual Cap. Upside potential when fully leased. Only $186.81 per SF!
4. Retail Center in Tallahassee, FL: 18,200 SF well-maintained retail center constructed in 1999 on 2.23 acres of land at main retail corridor. 100% NNN leased. NOI $183K/yr. $2.299M. 8% Cap.
5. Medical Building in Naperville, IL: 10,000 SF attractive medical building constructed in 2003 in affluent (AHI $122K/yr. within one mile radius) Chicago suburbs. 100% NNN leased. NOI $241K/yr. $2.8M. 8.6% Cap.
6. Romano’s Macaroni Grill in Colorado Springs, CO: 7814 SF restaurant built in 1999 on 1.99 acres of land near Colorado Springs World Arena at highly visible location. 100% NNN corp lease. NOI $218K/yr. $2.575M. 8.5% Cap.
7. Strip Center in Memphis, TN: 7000 SF 2-years old strip center on over 1 acre lot anchored by CARQUEST Auto Parts at signalized intersection. 100% NNN leased. NOI $97K/yr. $1.1M. 8.9% Cap.
8. Jiffy Lube in Fleming Island, FL: 1605 SF well located Jiffy Lube across from Home Depot along main retail corridor. 100% absolute NNN leased. NOI $80K/yr. $915K. 8.75% Cap.
9. Retail Center in Aurora, CO: 8419 SF 3-yrs old attractive retail center adjacent to Walgreen’s Pharmacy. 100% NNN leased to 4 tenants: Comfort Dental, Kangseo Enterprises, GMAN Corp. and Magic Nails. NOI $205K/yr. $2.250M. 9.10% Cap.
10. Apartments in Long Beach, CA: 8-units 3-stories recently renovated apartment complex located in nice area. 100% leased. NOI $77K/yr. $955K. 8.10% Cap.
    
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