Top 9 properties 05-06-10

1. KFC Restaurant in Las Vegas, CA: 2632 SF KFC Restaurant constructed in 2000 on .61 acre lot outparcel to an Albertson anchored shopping center off Hwy I-95. Long NNN corp ground lease. Buyer owns the land. Rent increases every 5-years. NOI $76K/yr. $1.096M. 7% Cap.
2. Retail Center in Tampa, FL: 13,000 SF recently constructed retail center on over 1 acre lot conveniently located at the entrance of Westfield Citrus Park Mall in a growing and middle-class area. 100% NNN leased by national tenants: Men’s Warehouse, Vitamin Shoppe and Casual Male. NOI $390K/yr. $4.875M. 8% Cap.
3. Shopping Center in Bradenton, FL: 37,000 SF shopping center on 3.45 acres of parcel along main thoroughfare with excellent visibility. 100% leased. NOI $323K/yr. $3.895M. 8.3% Cap.
4. Goodwill in Lancaster, CA: 11,311 SF recently renovated retail building at prime retail location across from CVS/DD’s Discounts with excellent visibility to Fwy-14.  100% NNN lease till 2018. NOI $196K/yr. with 10% rent bump every 5 yrs.  $2.460M. 8% Cap.  Recession resistant tenant.
5. Multifamily Buildings in Los Angeles, CA: 16-units well-maintained with recent upgrades: new exterior pain, new roof can copper plumbing with great unit mix close to Ernest E. Debs Regional Country Park. 100% leased. NOI $151K/yr. $1.895M. 8% Cap.
6. Shopping Center in Indian Trail, NC: 20,273 SF attractive shopping center across from Harris Teeter anchored center in fast growing Charlotte suburbs. 91% NNN leased. NOI $408K/yr. $5.165M. 7.9% Cap.
7. Strip Center in Decatur, GA: 8828 SF strip center built in 1992 on 1.19 acres of land with excellent regional/local tenant mix in growing Atlanta metro. 100% leased. NOI $208K/yr. $2M. 10.40% Cap.
8. Medical Office Building in Atlanta, GA: 10,000 SF multiple medical office building with great tenants in affluent (AHI $142K/yr within 1 mile radius) neighborhood. 100% NNN leased. NOI $193k/yr. $2.2M. 8.8% Cap.
9. Apartments in Westmont, IL: 12-units apartment complex with many recent upgrades: new bathrooms, kitchens, flooring, water heaters, doors, lighting and landscape in a nice quiet neighborhood. 100% leased. NOI $83K/yr. $710K. 11.80% Cap.   

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