Top 7 Properties 02-05-10

Another sign of economy is in recovery: unemployment rate drops to 9.7%. click here to see why it’s a good time to invest.

1. 
   O’Reilly Auto in Decatur, GA: one-year old 6800 SF free-standing retail building on 1.43 acres of parcel at major retail artery in fast growing Atlanta metro. Long NNN corp lease with rent increases. NOI $ 110K/yr. $1.375M. 8% Cap.
2. Medical Office Building in Aurora, CO: 32,180 SF 3-stories recently renovated medical building on 1.63 acres of land just one block from Heath One Medical Center off of I-225 in Denver metro. Anchored by a VA clinic. 91% leased to a great mix of tenants. NOI $418K/yr. $4.7M. 8.91% Cap.
3. Apartments in San Diego, CA: 22-units apartment complex at a densely-populated area with new Spanish tile mansard roof. 100% leased. NOI $133K/yr. $1.858M. 7.20% Cap.
4. 3-Jiffy Lube’s in CA:
   ---Concord, CA: 4170 SF recently renovated retail building on .36 acre pad. New 10-years absolute NNN corp lease with 2½% annual rent increases. NOI $119K/yr. $1.998M. 6% Cap.
   ---San Mateo, CA: 4060 SF newly renovated retail building along main retail corridor near Bay Meadows Racecourse/Fwy-92. 10-years absolute NNN corp lease with 2½% annual rent increases. NOI $95K/yr. $1.590M. 6% Cap.
   ---Castro Valley, CA: 4170 SF newly-renovated retail building on .28 acre lot conveniently located at busy signalized intersection off of Fwy-580. 10-years absolute NNN corp lease with 2½% annual rent increases. NOI $64K/yr. $1.077M. 6% Cap.
5. Shopping Center in Athens, GA: 210,969 SF shopping center built in 1990 on 22 acres of land. Anchored by Goodwill & across from Georgia Square Mall at heavily traveled thoroughfares. NOI $1.115M. $6.5M. 8.49% Actual Cap. Upside Potential.
6. Indio Security Self Storage in Indio, CA: 92,300 SF storage facility on 5.71 acres of land with numerous amenities including perimeter beam alarm system, gated entry, video surveillance, RV parking, and perimeter fencing. NOI $370K/yr. $4.625M. 8% Cap.
7. Strip Center in Chicago, IL: 10,400 SF strip center built in 1993 on .59 acre lot with great tenant mix: Dollar Way Plus, Pizza, Los Picosas, Team Doctors, Insure One, Subway, Laundromat and Gintaras Cepanas JD. 100% leased. NOI $231K/yr. $2.685M. 8.60% Cap.
   
   © Transmercial 2010. All rights reserved.