Top 6 Properties 02-02-10

1. Walgreens in El Segundo, CA: 13,650 SF drug store completed in 2007 on 1.2 acres lot with rare 3 points of access from 3 different roads. Irreplaceable location in a wealthy coastal city in Southern CA just South of LAX with AHI over $105K/yr. 100% NNN lease with 22 yrs remaining. NOI $595K/yr. $9.915M. 6% cap.
2. Arby’s in Omaha, NE: 2879 SF 8-yr old franchised restaurant on 2/3 ac outparcel to Home Depot in a city with low 5% unemployment rate and home of Warren Buffett. New 20 yrs NNN lease by an operator with 19 stores. NOI $93K/yr. with 8% rent increase every 5 yrs. $1.094M. 8.5% cap.
3. Office Building in Sunnyvale, CA: 34,483 SF Office/industrial building on 2.41 acres lot in the heart of Silicon Valley. New 5 yrs NNN lease by Fujitsu Components America, a national credit tenant. Tenant has been at this location since 1996. NOI $303K/yr with annual rent bump. Rent below market at $0.77/SF means tenant has high incentive to stay. $3.789M. 8% cap.
4. Office Building in Neptune Beach, FL: 5600 SF class A office building on 1/3 ac lot with great ocean and city view in a wealthy Jacksonville metro with AHI over $96K/yr. 100% leased. NOI $150K/yr. $1.499M. 10% cap.
5. Shopping Center in los Angeles, CA: 34,179 SF 2-story retail center on 1.42 acres lot in a densely populated area with over 1.25 Million residents within 5 miles. 100% NNN leased by 2 national recession-resistant tenants: Ross and Dollar Tree. NOI $899K/yr. $11.575M. 7.77% cap.
6. Medical Office Building in Las Vegas, NV: 44,100 SF class-B medical office building on 2.35 acres lot next to Desert Springs Hospital, a 286-bed acute care facility. 98% leased with 86% space occupied by national tenants. NOI $750K/yr. $8.75M. 8.6% cap. Buyer to assume low-interest loan with 30% down.
   
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