Top 10 properties 12-09-09

1. Pep Boys Auto in Las Vegas, NV: 20,886 SF free-standing building on 2.13 acres of land along busy corridor near Fwy-515/95. New 15-years absolute NNN corp lease with 1.5% annual rent increases. NOI $300K/yr. $4.141M. 7.25% Cap.
2. Burger King in Gardena, CA: 2752 SF single-tenant retail building constructed in 1999 on .69 acre lot in close proximity to Hawthorne Municipal Airport and Memorial Hospital of Gardena. Long absolute NNN leased by experienced operator with 10 stores. CPI Increases every 5-years. NOI $ 102K/yr. $1.457M. 7% Cap.
3. Two-Retail Buildings in San Diego, CA: 11,205 SF consisting of two retail buildings on .96 acre lot conveniently located near Hwy-5/805. 100% NNN leased by two national tenants:Kragen Auto Parts and Baja Duty Free. NOI $266K/yr. $3.798M. 7% Cap.
4. Merryhill Preschool in Sacramento, CA: brand new 10,664 SF day care facility on 1.6 acres of parcel located in thriving neighborhood (AHI $80K/yr within one mile radius). 15-years NNN corp lease by Nobel Learning Communities Inc. a company currently operating 183 school facilities in 16 states. NOI $326K/yr. $3.961M. 8.25% Cap.
5. Tuffy Auto in Omaha, NE: 3900 SF recently constructed retail building on .63 acre lot across from Wal-Mart Supercenter adjacent to new national tenants: Super Target, OfficeMax and more in prosperous (AHI $109K/yr.) area. New 20-years corp lease with rental increases. NOI $111K/yr. $1.369M. 8.15% Cap.
6. Shopping Center in Vancouver, WA: 25,472 attractive shopping center adjacent to Walgreens/Safeway at high traffic location. NNN leased by great tenant mix. NOI $460K/yr. $5.120M. 10% Cap.
7. Burger King in Lewisville, TX: 3,756 SF retail building remodeled in 2000 on .59 acre lot with excellent throughway visibility near I-77. New 20-years absolute NNN leased by strong franchisee. 2% annual rent increases. NOI $110K/yr. $1.262M. 8.75% Cap. Price reduced from $1.30M to $1.262M. Note: seller is very adamant about all cash offer.
8. Retail Plaza in Lake Elsinore, CA: 34,850 SF shopping plaza on 2.68 acres lot near I-15 off ramp in a fast growth (45% since 2000) with AHI over $75K/yr. 100% NNN leased by 14 tenants. NOI $391K/yr. $4.89M. 8% cap.
   Stable tenancy: 2/3 tenants have been here for 10+ yrs
   Avg rent is less than $1/SF: upside potential
   Only $140/SF
9. Family Dollar in Pensacola, FL: brand new 9100 SF free-standing retail building on one acre lot in fast growing area. 10-years NNN leased by recession proof tenant. NOI $124K/yr. $1.470M. 8.5% Cap.
10. Shopping Center in Gurnee, IL: 19,865 SF shopping center located directly across from 6 Flags Great America in a high income Chicago metro. 100% NNN leased by three tenants. NOI $310K/yr. $3.1M. 10% Cap.
    
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