Top 9 Properties 07-14-10

1. Carl’s Jr. in Georgetown, TX: 2937 SF newly constructed single-tenant Carl’s Jr. Restaurant on 1.14 acres outparcel to a shopping center anchored by Target, Kohl’s, Best Buy, TJ maxx, Michaels, Old Navy, Petsmart, Office Depot and Pier 1 Imports.  Just off I-35 in fast growing & good income Austin suburbs. 20-years absolute NNN lease by an operator with 24 locations in CA & TX. 10% rent increases every 5-years. NOI $140K/yr. $1.806M. 7.75% Cap.
2. Shopping Center in Georgetown, TX: 15,300 SF multi-tenant shopping center built in 2006 at hard corner location along busy retail corridor in fast growing Austin suburbs. 100% NNN leased. NOI $251K/yr. $2.650M. 9.5% Cap.
3. O’Reilly Auto Parts in Fort Worth, TX: 8064 SF brand-new single-tenant retail building on 1.50 acres of land along active thoroughfare. Long NNN corp lease till 2025. 5% rent increases every 5-years. NOI $88K/yr. $1.182M. 7.5% Cap.
4. Storage/Offices in Modesto, CA: 33,850 SF storage facility and two large offices along main corridor in fast growing (14.59%) middle-class (AHI $72K/yr.) neighborhood. 81% leased. NOI $176K/yr. $2.150M. 8.20% Cap.
5. Medical Office in Burlington, NC: 3307 SF well-maintained single-tenant medical office located at main thoroughfare in growing Greensboro suburbs. 100% NNN leased by Urgent Care Center. NOI $91K/yr. $945K. 9.67% Cap.
6. Advance Auto Parts in Decatur, GA: 7000 SF retail building constructed in 1997 on over 1 acre lot in Atlanta metro. 100% NN leased by credit tenant till 2022. NOI $74K/yr. $822K. 9% Cap. Proven location for 12 yrs.
7. Retail Center in Phoenix, TX: 7534 SF well-maintained retail building constructed in 2005 shadow-anchored by Auto Zone. 100% NNN leased. NI $169K/yr. $1.870M. 9.08% Cap.
8. Retail Building in San Antonio, TX: 38,000 SF attractive single-tenant retail building constructed in 2002 in fast growing (98% since 2000) middle class (AHI $71K/yr) area. Long NNN leased by Spectrum Athletic Club. 10% rent increase in 2012. NOI $637K/yr. $7.5M. 9% Cap.
9. Shopping Center in Lawrenceville, GA: 14,430 SF beautiful shopping center on 1.83 acres of land along main thoroughfare in fast growing middle-class Atlanta metro. NOI $116K/yr. $1.450M. 8% Cap.

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