Top 7 properties 12-07-09

NOI: Net Operating Income
AHI: Average Household Income

1. Multifamily Complex in Dallas, TX: 50-units well-kept apartment complex on 1.46 acres of land close to down-town. 100% leased. NOI $130K/yr. $1.2M. 10.86% Cap.
2. Apartments in Vacaville, CA: 24-units multifamily buildings on 1.52 acres of parcel at great quiet neighborhood in growing well-off (AHI $81K/yr within 5-miles radius) town just southwest of Sacramento. 90% occupied. NOI $239K/yr. $2.998M. 8% Cap.
3. Shopping Center in Bakersfield, CA: 22,475 SF well-kept shopping center on 1.36 acres of land adjacent to Valley Plaza Regional Mall near Fwy-99. 100% leased. NOI $266K/yr. $3M. 9% Cap.
4. Christian Brothers Automotive in Lewisville, TX: 4921 SF 1-yr old retail building in a high-income (AHI $98K/yr) Dallas metro. 15 yrs NNN corp lease with no landlord responsibilities. NOI $157K/yr with 1.5% annual rent bump. $1.937M. 8.12% cap.
5. Christian Brothers Auto in Bedford, TX: brand-new 4921 SF automotive center on .94 acre lot located in fast growing Dallas/FW metro with excellent visibility to Hwy-121. 15-yerars absolute NNN corp lease. 1½% annual rent increases. NOI $161K/yr. $2.013M. 8% Cap.
6. Burger King in Houston, TX: 2929 SF Burger King on .77 acre lot at signalized intersection of I-10. 20-years absolute NNN lease with no landlord responsibilities. Franchisee with over 30 years experience currently with over 50 locations. 7% rent increases every five years. NOI $114K/yr. $1.476M. 7.75% Cap.
7. Dialysis Center in Memphis, TN: 5560 SF single-tenant medical building constructed in 2002 on 1.41 acres of land near Methodist Hospital in fast growing area. Absolute NNN corp lease with 18-yrs left remaining. NOI $287K/yr. $3.196M. 9% Cap.
   
   
   Sales Activities:
   1. AppleBee’s in Peoria, AZ: $2.787M. 8.25% cap. In contract.
   2. Hardees in McDonough, GA: $1.68N, 7.5% cap. In contract
   3. Retail center in Windsor Locks, CT: close escrow.
   4. Firestone in Arlington, TX: close escrow
   5. KFC in Arlington, TX: $1.618 M. 8.25% cap. In contract
   6. KFC in Arlington, TX: $1.175 M. 8.25% cap. In contract
   7. Strip mall in Temecula, CA: $3.215M. In contract
   

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