Top 9 Properties 04-07-10

1. Mimi’s Café in Brandon, FL: 7,045 SF Mimi’s Café Restaurant built in 2003 on 2.28 acres of land South of Westfield Mall. Long NNN corp lease with rent increases.  NOI $219K/yr. $2.743M. 8% Cap.
2. Sportsman’s Warehouse in Loveland, CO: 43,725 SF Sportsman’s Warehouse retail building surrounded by many national tenants: Target, Staples, PetsMart, Beds Bath and Beyond in fast growing (498.23%) & affluent (AHI $92K/yr. within 1 mile radius) near I-34/87. 100% NNN leased. NOI $580K/yr. $6.825M. 8.5% Cap.
3. Retail Center in Santa Anna, CA: 9729 SF well-kept retail center on .93 acre lot at high-traffic signalized intersection. 100% NNN leased. NOI $159K/yr. $2.245M. 7.12% Cap.
4. O’Reilly Auto Retail Building in Decatur, GA: 6800 SF recently constructed retail building on 1.43 acres of parcel conveniently located at major retail corridor (Traffic Exceeds 32,000 CPD) in fast growing Atlanta metro. Long NNN corp lease. NOI $110K/yr. $1.375M. 8% Cap.
5. Strip Center in Jackson, TN: 10,850 SF attractive retail building outparcel to 500,000 SF shopping center anchored by Home Depot, Kohl’s, Best Buy, Ross, Hobby Lobby and Old Navy along Hwy-45/I-40. 100% NNN leased by national tenants: McAlister’s Deli, AT&T and Men’s Warehouse. NOI $243K/yr. $2.675M. 9.10% Cap.
6. Office Building in San Bernardino, CA: 10,083 SF well-kept office building with ample parking on .86 acre pad near I-215. 100% leased to the County Probation Department. NOI $68K/yr. $899K. 7.60% Cap.
7. Apartments in Sacramento, CA: 66-unit one, two and three apartment complex with privacy gates, two laundry facilities, patio or balcony, walk-in closets, swimming pool and more amenities across from Bellview City Park. NOI $348K/yr. $4.350M. 8% Cap.
8. Office Building in Addison, TX: 5500 SF office building situated at corner location in fast growing area. 100% NNN leased. NOI $66K/yr. $825K. 8% Cap.
9. Office Building in Bakersfield, CA: 5400 SF single-tenant office building along main retail corridor in fast growing area. 100% NNN leased. NOI $138K/yr. $1.349M. 10.25% Cap.  

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