Top 9 Properties 03-25-10

1. Arbys in Omaha, NE: 2879 SF new restaurant on an outparcel to Home Depot in a city with lowest unemployment rate in any cities in the US. New 20 yrs NNN lease by an operator with 19 unit. NOI $93K/yr with 8% rent bump every 5 yrs. $1.094M. 8% cap.
2. Pep Boys Auto in Austin, TX: 22,279 SF auto center on 2 ac lot in a stable city. 15 yrs NNN lease with 13 yrs remaining. NOI $230K/yr with 1.5% annual rent bump. $2.978M. 7.75% cap.
3. Burger King in Bonner Springs, KS: 2500 SF brand new restaurant on 1.14 acres lot adjacent to Wal-mart supercenter in Kansas city suburb. 20 yrs absolute NNN lease. NOI $110K/yr. $1.4M. 7.89% cap.
4. Walgreens in Fort Worth, TX: 13,905 SF drug store built in 1998 on 1.62 acres lot in a prime commercial corridor in a wealthy (AHI $105K/yr) area. 100% NNN lease till 2018. NOI $293K/yr. $3.337M. 8.5% cap.
5. Office Max in Raymore, KS: 18,098 SF single-tenant center built in 2008 on over 2 acres lot in Kansas city suburb . Outparcel to brand new Lowe's anchored power center Adjacent to a Wal-mart Supercenter. 10 yrs NNN lease with 8 yrs left. NOI $202K/yr. $2.314M. 8.75% cap.
6. Adult Daycare center in West Sacramento, CA: 10,000 SF remodeled adult daycare center with a new 7 yrs lease. NOI $126K/yr. $1.685M. 7.5% cap.
7. Office Building in Charlotte, NC: 31,256 SF 8-yrs old class-A office building on 6.21 acres of land in a booming middle class area. 85% occupied. NOI $335K/yr. $3.35M. 10% cap.
8. Walgreens in Green Bay, WI: 14,820 SF drug store built in 2008 on 1.8 acres corner lot with rare 3-access points in a fast growing middle class area. 100% NNN lease with 23 yrs remaining. NOI $365K/yr$4.935M. 7.4% cap.
9. Strip center in Alameda, CA: 6132 SF strip center built in 1992 on an outparcel to a shopping center anchored by Lucky Supermarket and CVS Pharmacy. 100% NNN leased by 3 tenants: Chase, Quiznos and Hairmasters. NOI $200K. Price reduced from $2.785M to 2.5M. 8% cap.
   
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