Top 8 Properties 01-13-10

1. Pep Boy Auto center in Austin, TX: 22,279 SF automotive center in a prime commercial retail area with easy access to freeways. 15 yrs absolute NNN corp lease. NOI $230K/yr with 1.5% annual rent increase. $3.032M. 7.61% cap. Favorable seller financing at 6.25% interest.
2. Mini-skool Childcare center in Surprise, AZ: 10,000 SF brand new child care center in an explosive growth Phoenix area (230% since 2000). New 10 yrs NNN lease by a strong national childcare provider. NOI $213K/yr. $2.59M. 8.25% cap.
3. Papa Johns Pizza in Greenwood, CO: 2400 SF free-standing restaurant on ¼ acre lot at signalized corner just off I-25 exit in wealthy Denver suburbs (AHI $122K/yr). 100% NNN lease. NOI $68K/yr with annual rent bump. $940K/yr. 7.28% cap. Great property for first time investors!
4. Strip Center in Saratoga, CA: 6168 SF 4-unit strip center on over ½ acre lot in an affluent town with high barrier for entry. 90% leased with small 620 SF unit vacant. Rent below market. NOI $136K/yr. $2M. 6.8% cap.
5. Shopping Center in Houston, TX: 21,012 SF shopping center built in 1998 on 3.56 acres lot with I-35 frontage. Shadow anchored by Conn’s Appliance. 100% NNN leased by 6 regional tenants. NOI $333K/yr. $3.225M. 10.46% cap!
6. El Pollo Loco Restaurant in Garden Grove, CA: 2264 SF free-standing restaurant on 1/3 ac outparcel to a shopping center anchored by Rite Aid, Big Lots, and Value Plus Food Warehouse. Densely populated city in Orange county with over 825K residents within 5 miles ring. Close to Garden Grove Hospital and Fwy 22. 100% NNN lease with 5 yrs remaining with below market rent. NOI $84K/yr. $1.525M. 5.51% cap.
7. Shopping Center in Manchester, NH: 36,252 SF shopping center on 3.29 acres lot. 95% leased. NOI $268K/yr. $268K/yr. .5M. 7.7% cap.
8. Shopping Center in Plainfield, IN: 50,400 SF shopping center built in 2003 on 5.78 acres lot as part of a 580,000 SF power center home to Kohl's, Pier 1, Old Navy, Bath and Body Works, Dress Barn, and Shoe Carnival. Adjacent to 550,000 SF Metropolis Lifestyle Center anchored by JC Penney, Dick's Sporting Goods, Rave Theatres, and Barnes & Noble in a fast growing Indianapolis suburban. 100% NNN leased. NOI $560K/yr. $5.75M. 9.75% cap.
   
   © Transmercial 2010. All rights reserved.