Top 9 Properties 01-27-10

1. Arbys in Flower Mound, TX: 2915 SF fast-food restaurant built in 1999 on .85 acre lot in a city voted as the “number one place to live in TX” in Dallas metro. 100% NNN corp lease till 2018. NOI 129K/yr with 2% annual rent bump. $1.537M. 8.4% cap. \
2. Family Dollar in Lakeland, FL: 9180 SF recently constructed retail building on 1.46 acres of land along busy thoroughfare. 100% absolute NNN corp lease. NOI $115K/yr. $1.283M. 9% Cap.
3. Shopping Center in Rowlett, TX: 49,273 SF well maintained shopping center built in 1994 on 5.52 acres of parcel anchored by Big Lots with excellent exposure to two main retail corridors. 100% NNN leased. NOI $456K/yr. $4.420M. 10.32% Cap.
4. Christian Brothers Automotive in Shawnee, KS: one-year old 4921 SF free-standing retail building on .98 acre lot in fast growing (129.09%) & well off (AHI $91K/yr within 3-miles radius) Olathe/Kansas city suburbs. 15-years absolute NNN corp lease with 1½% annual rent increases. NOI $173K/yr. Price reduced from $2.169 to $2.042M. 8.5% Cap.
5. Apartments in Los Angeles, CA: 2-story 18-units multifamily complex with nice landscape close recreation parks. Densely populated area with over 1.15M residents within 5 miles ring. 100% leased. NOI $139K/yr. $1.659M. 8.40% Cap.
6. Multifamily Building in San Antonio, TX: 150-units nice-looking apartment complex on 6.65 acres of land a nice quiet neighborhood near I-10. 94% Leased. NOI $423K/yr. $5.350M. 8.75% Cap.
7. Apartments in Los Angeles, CA: well-maintained 17-units apartments in populated area. 100% occupied. NOI $120K/yr. $1.190M. 10.12% Cap.
8. Medical Offices in Bloomington, IN: 10,000 SF beautiful medical building constructed in 2001 on over one acre lot in growing area. 100% leased by STAT Laboratory, American Cancer Society, Rose Internal Medicine and Chiropractic. NOI $122K/yr. $1.390M. 8.78% Cap.
9. Burger King in Indianapolis, IN: 2675 SF retail restaurant constructed in 1999 on over one acre lot. 100% absolute NNN unusual corp lease with rent increases. NOI $96K/yr. $1.097M. 8.75% Cap.
   
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