Top 8 Proeprties 02-26-10

1. Shopping Center in Miami, FL: 53,344 SF shopping center built in 1986 on 3.9 acres corner lot. 100% leased by 13 tenants. NOI $903K/yr. $8.9M. 10.14% cap.
2. Apartments in Sunnyvale, CA: 12-unit apartments in the heart of Silicon Valley with AHI of $115K/yr. Gross rent $162K/yr. $2M.
3. Jiffy Lube in Springs, TX: 3136 SF Jiffy Lube built in 1997 on .4 acre lot in a high growth (33%), high income (AHI $97K/yr) Northern Houston suburb. 20 yrs absolute NNN lease with 15 yrs remaining. NOI $84K/yr with 7.7% rent bump in Oct 2010. $1.018M. 8.25% cap now and 8.9% in Oct 2010.
4. Strip Center in Fayetteville, GA: 10,414 SF retail center on 1.77 acres lot in high income (AHI 4102K/yr) Atlanta metro. NOI $101K/yr. $1.189M. 8.5% cap.
5. Strip mall in Tucson, AZ: 3726 SF retail building on ½ acre lot in a stable city. 100% leased by Check$mart and Wings & Things. NOI $74K/yr. $872K. 8.5% cap.
6. Goodyear Tire Auto in Frisco, TX: 7000 SF automotive center built in 2005 on .89 acre parcel in a wealthy (AHI $111K/yr) and rapidly growing (300%) suburb of Dallas. 100% NNN corp lease with 6 yrs left. NOI $157K/yr. $1.875M. 7.57% cap.
7. Apartments in Lexington, KY: 236-unit apartments complex on 7.7 acres of land. NOI $300K. $4M. 7.5% cap. Just $17K/unit.
8. Walgreens in Birmingham, AL: 13,905 SF drug store on 1.17 acres corner lot. 100% NN lease with 9 yrs remaining. NOI $289K/yr. $3.3M. 8.75% cap.
   
   © Transmercial 2010. All rights reserved.