Top 7 Properties 11-24-09

1. Shopping/Medical Center in Arlington, TX: 14,050 SF shopping center built in 1998 on 1.24 acres lot with frontage on the busy Angus Wynne Fwy in Dallas metro. Excellent visibility. 100% NNN leased by 4 good tenants: Blue Haven Pools (national tenant), 2 reputable medical tenants (66% spaces) and a pharmacy. NOI $187K/yr. $2.04M. 9.35% cap.
2. Texas Land & Cattle Steakhouse in Plano, TX: 7479 SF regional steakhouse on 1.59 ac lot with frontage on the heavily-travelled North Central Expressway in an affluent Dallas metro. 15 yrs NNN lease with 13 yrs remaining. NOI $269K/yr with 2% annual rent bump. $2.44M. 11% cap.
3. Strip Mall in Roseville, CA: 4855 SF 3-tenant strip mall built in 2005 in high-growth (143% since 2000), high income Sacramento suburbs. Excellent location next to Sam’s Club/Wal-mart Power center. 100% NNN leased by Starbucks, JT Deli’s and India Oven. NOI $169K/yr. $1.994M. 8.47% cap.
4. Tuffy Auto in Orland Park, IL: 3720 SF Tuffy auto service center built in 2000 on .95 acre lot in a high income Chicago metro. 100% NNN lease with 8 yrs remaining. NOI $79K/yr. Price reduced from $1.0995M to $995K. 8% cap.
5. Del Taco in Parker, CO: 2166 SF brand new franchised restaurant on 2/3 acre parcel on commercial corridor in high income Denver suburbs. 20 yrs absolute NNN lease guaranteed by the most active franchisee in CO. NOI $176K/yr. with rent increase. $2.2M. 8% cap.
6. Retail Center in Aurora, CO: 8000 SF strip center just off I-70 in a fast growing Denver metro. 100% NNN leased by 2 tenants. NOI $174K/yr. $2.075M. 8.4% cap.
7. Shopping Center in Orland Park, IL: 12,000 SF retail center near Orland Square Mall in Chicago metro. 100% NNN leased by 5 tenants. NOI $139K/yr. $1.58M. 9% cap.
   
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