Top 9 Properties 04-23-10

1. Retail Building in San Jose, CA: 1885 SF single-tenant retail building at excellent location on Stevens Creek Auto Row just a few blocks from Westfield Shopping Center/Santana Row. 100% NNN leased till 2013. NOI $65K/yr. $1.395M. 4.73% Cap.
2. Checker Auto in Lake Havasu City, AZ: 6863 SF well-constructed retail building constructed in 1994 on .83 acre lot outparcel to anchored shopping center at busy signalized intersection in growing middle-class area. 100% NNN leased. NOI $118K/yr. $1.582M. 7.5% Cap.
3. Walgreen’s in Surprise, AZ: 13,905 SF free-standing retail building on 2 acres of land at excellent hart corner with high visibility in fast growing (193% since 2000) Phoenix metro. 100% NNN corp lease with 9 yrs remaining. NOI $264K/yr. $3.206M. 8.25% Cap.
4. Retail Center in Gainesville, GA: 123,948 SF retail building constructed in 1994 anchored by a 121,148 SF Lowe’s. Adjacent to Wal-Mart Supercenter and across Lakeshore Mall just North of Atlanta metro. 99% NNN leased. NOI $663K/yr. $7.6M. 8.73% Cap.
5. Office Building in Fresno, CA: 6840 SF attractive office building close to Kaiser Permanente Medical Center/St Agnes Medical Center. 86% leased. NOI $103K/yr. $1.2M. 8.62% Cap.
6. Multifamily Building in Van Nuys, CA: 8-untis well-maintained multifamily complex in close proximity to Anthony C Beilenson Park/Woodley Ave Park near Fwy-405. 88% leased. NOI $60K/yr. $899K. 6.70% Cap.
7. Wendy’s Restaurant in Palm Bay, FL: 2810 SF stable restaurant on over 1 acre lot at main retail corridor just 60-miles from Orlando. 16-years remaining on original absolute NNN lease by strong franchisee. 4% rent increases every 2-years. NOI $97K/yr. $1.217M. 8% Cap.
8. Shopping Center in Miami, FL: 20,420 SF mature shopping center with recent capital improvements with excellent tenant mix: Grocery Traders, Dry Cleaners, Point Du Jour Realty, Barber Shop, Star of North Miami, $9.99 Shoes, Beauty Salon and Krazy Chicken Restaurant. 100% leased. NOI $253K/yr. $2.677M. 9.46% Cap.
9. Burger King in Corpus Christi, TX: brand new 3000 SF Burger King free-standing retail building conveniently located at corner location of Hwy-358. Long NNN leased till 2028. 1% annual rent increases. NOI $110K/yr. $1.375M. 8% Cap.  

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