Top 10 Properties 03-04-10

1. Retail Center in Duluth, GA: 170,000 SF 2-story retail/office trophy bank-owned complex completed in 2009 in high income Atlanta metro. $9.762M. Just $56/SF! The lender will provide financing to qualified investors.
2. CVS Pharmacy in Katy, TX: 10,908 SF drug store built in 2000 with double-drive thru in a fast growth (81%), and upper class (AHI of $125K/yr) suburban Houston. 20 yrs NNN lease with 10 yrs remaining. NOI $253K/yr. $3.38M. 7.5% cap. Buyer to assume $2.32M loan at low 5.36% fixed rate due in 2015.
3. Sports Authority in Wichita, KS: 52,259 SF single-tenant big box on 4.63 acres parcel in a middle class area. 100% NNN corp lease with 7 yrs left. NOI $511K/yr with 10% rent bump every 5 yrs. $5M. 10.23% cap.
4. Shopping Plaza in Lakeside, CA: 40,812 SF multi-tenant shopping plaza on 3.45 acres corner lot in a middle class community in San Diego metro. Shadow anchored by Albertsons. Anchored by Rite Aid, Kragen Auto Parts, and Chase Bank. 96% leased. NOI $642K/yr. $8.035M. 8% cap. Buyer to assume loan at low 5.91% fixed rate. Less than $200/SF in CA!
5. Strip Mall in Orland Park, IL: 10,800 SF 6-unit strip mall in a middle class Chicago metro. 86% NNN lease with1 vacant space. Actual NOI $148K/yr. $1.525M. 9.71% cap. Upside potential when 100% leased.
6. Shopping center in Redlands, CA: 13,590 SF 7-unit retail center built in 2004 on 1.23 acres lot in a growing city. Surrounded by JC Penny, Marshall, Target, Kohl' s, Starbucks Coffee, & Toys R Us. 100% NNN leased. NOI $244K/yr. $3.06M. 8% cap.
7. Office building in South Burlington, VT: 48,578 SF 3-story office building on a beautiful 13.25 acre wooded campus with panoramic views of Lake Champlain and the Adirondack Mountains in an affluent area with AHI over $97K/yr. 100% long term NNN by a single publically traded company. NOI $450K/yr. $4.7M. 9.57% cap.
8. Goodwill Store in Lancaster, CA: 11,311 SF single-tenant retail building on 1.05 acres lot next to Hwy 14 exit in a growing city in Antelope Valley. Adjacent retailers Include a Wal-mart Supercenter, Home Depot, Cinemark Theaters, Food 4 Less, and Kmart. 10 yrs NNN lease. NOI $196K/yr. $2.54M. 7.75% cap.
9. Apartments in Dallas, TX: 432-unit apartments complex built in 1985 on over 7 acres lot. 91% occupied. Profoma NOI $987K/yr. $9.5M. 10.39% cap. Seller’s financing available with low down payment.
10. Church’s Chicken in Slidell, LA: 1209 SF restaurant on ½ acre lot in a growing and high income town 30 miles North of New Orleans. 10 yrs NNN corp lease. NOI $74K/yr. with annual rent bump. $875K. 8.5% cap.

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