Top 8 Properties of 11-17-09

1. 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.
2. Retail Building in Temecula, CA: brand new 5105 SF retail building on over one acre pad shadow anchored by Rite Aid, Beverages and More, Henry’s Marketplace and LA Fitness. 100% NNN leased by two national tenants: Pizza Hut and national restaurant. NOI $222K/yr. $1.490M. 12% Cap.
3. Jiffy Lube in Fleming Island, FL: 1605 SF free-standing retail building across from Home Depot along main retail corridor. 100% absolute NNN leased. NOI $80K/yr. $915K. 8.75% Cap. Excellent for 1st time investor.
4. Goodyear in Fleming Island, FL: 6000 SF auto service center at an active intersection bordered by many national tenants: Walgreens, CVS, Home Depot, Kohl’s, Michael’s, Petco, Wal-Mart, Target and more. In growing (59.30%) & well off (AHI $94K/yr.) Jacksonville metro. 100% absolute NNN corp lease. NOI $92K/yr. $1.087M. 8.5% Cap.
5. Strip Center in Norwalk, CA: 9544 SF well maintained strip center on .83 acre lot at signalized corner near I-5. 100% leased. NOI $166K/yr. $2.590M. 6.4% Cap. Upside potential as tenants currently pay low rent.
6. Shopping Center in Chicago, IL: 36,172 SF well-kept shopping center on 3.1 acres of land across from Walgreens. 89% leased by national/local tenants: Chase Bank, Subway, Sprint, Rent-A-Center. NOI $440K/yr. $4.4M. 10% Cap.
7. Medical Office in Fort Myers, FL: Class-B 42,409 SF 3-storey medical office building on 2.97 acres of land near Southwest Florida Regional Medical Center close to I-75. 100% leased by national tenant. NOI $417K/yr. $4.275M. 9.8% Cap. Recent Major Price Reduction.
8. Townhomes in Sacramento, CA: 13-townhomes 16,412 SF well-maintained complex constructed in 1980 in quiet & wealthy (AHI $80K/yr.) neighborhood. Each unit is in a separate parcel with approved condo map. NOI $124K/yr. $1.670M. 7.46% Cap.
   
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