Thursday, January 28, 2010

Top 7 Properties 01-14-10

NOI: Net Oper Income
AHI: Avg Household Income

  1. Corporate Dollar Tree Retail Building in Philadelphia, PA: 14,867 SF recently renovated free-standing retail building on .60 acre lot close to I-1. 100% absolute NNN corp lease till 2019. NOI $139K/yr. $1.595M. 8.97% Cap.
    Recession-resistant tenant
  2. Retail Building in Des Plaines, IL: 5985 SF auto-care retail building across from McDonald’s at prime signalized location close to I-294. 100% leased. NOI $101K/yr. $975K. 10.42% Cap.
  3. Shopping Center in Chicago, IL: 17,974 SF well-located shopping center on 1.47 acres of parcel across from Walgreen’s along busy retail corridor with excellent tenant mix: Spring, City of Chicago, Rent-A-Center and Little Caesar’s. 92% NNN leased. NOI $235K/yr. $4.405M. 11% Cap.
  4. Strip Center in Houston, TX: 7630 SF attractive strip center constructed in 2004 on .69 acre pad in fast growing area. 100% NNN leased. NOI $152K/yr. $1.8M. 8.5% Cap.
  5. CVS Pharmacy in Baytown, TX: 10,906 SF CVS Pharmacy on 1.29 acres of land about .25 miles South of the Medical Complex which includes the Gulf Coast Hospital and Primary Medical Towers off of Loop-201/146. 100% NNN corp lease. NOI $220K/yr. $2.450M. 9% Cap.
  6. Retail Center in Oxnard, CA: 10,800 SF attractive shopping center built in 1998 on over 1.1 acre corner lot in a stable coastal city. Shadow-anchored by El Pollo Loco and Jack in the Box. High income area with AHI over $87K/yr within 1 mile radius. 100% leased by 6 tenants. NOI $224K/yr. $2.8M. 8.02% Cap.
  7. Medical Office in Las Vegas, NV: 4470 SF L-shaped medical building on 1.34 acres of land with excellent visibility. 100% NNN leased. NOI $107K/yr. $1.016M. 10.62% Cap.

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