Top 8 Properties 06-25-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Walgreen’s Pharmacy in Fort Myers, FL: 14,820 SF Walgreen’s Pharmacy on 2.61 acres of land off of main corridor. Long NNN leased by credit tenant. NOI $224K/yr. $2.637M. 8.5% cap.
2. Multifamily Building in Long Beach, CA: 8-units good-looking multifamily building close to parks and freeways. 100% leased. NOI $87K/yr. $1.250M. 7% Cap.
3. Office Building in Huntsville, AL: 40,525 SF Class-B office building with several recent upgrades: drainage system, HVAC system, New boiler, re-paving of the parking lot and roof warranty till 2016 off of Pkwy-231. 100% leased. NOI $283K/yr. $3.1M. 9.15% Cap.
4. Macaroni Grill Restaurant in Orlando, FL: 7141 SF free-standing Macaroni Grill Restaurant on 1.86 acres of land adjacent to Waterford Lakes Town Center. 20-years absolute NNN lease. NOI $269K/yr. $3.363M. 8% Cap.
5. Hotel in South Lake Tahoe, CA: 20-rooms recently remodeled hotel with picnic area and swimming pool along Hwy-89. NOI $88K/yr. $1.2M. 7.4% Cap.
6. Retail Center in Clearwater, FL: 6300 SF well-maintained retail center anchored by Amscot with excellent visibility along main retail corridor. 100% NNN leased. NOI $152K/yr. $1.550M. 9.81% Cap.
7. Strip Center in Greeley, CO: 7979 SF strip center constructed in 2005 on 1 acre lot in fast growing (191.86%) well-off (AHI $89K/yr.) neighborhood. 90% leased. NOI $108K/yr. $1.350. 8% Cap.
8. Office Building in Oceanside, CA: 15,940 SF 3-stories office building constructed in 2000 adjacent to El Camino Real Country Club. 100% leased. NOI $299K/yr. $4.150M. 7.21% Cap.

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