08-02-10 - Dairy Queen - Multifamily - Medical Office - For sale

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.      Dairy Queen in Sequim, WA: 3120 SF fast food restaurant on .7 ac corner lot NW of Seattle metro. 20 yrs NNN lease with 8 yrs remaining.  NOI $66K/yr.  $776K.  8.5% cap.

2.      Medical Office building in Dickinson, TX: 13,620 SF 4-yrs old class-A medical office building on 2 acres lot near I-45 in fast growing Houston metro with  $700K in tenant’s improvements .  100% leased with 8 yrs remaining.  NOI $365K/yr. $3.85M. 9.5% cap.

3.      Retail Strip in De Pere, WI: 5862 SF strip center on an outparcel in a high income Green Bay metro.  100% NNN leased by 4 national tenants: Starbucks, Fed Ex and US Cellular.  NOI $168K/yr. $1.75M. 9.6% cap.

4.      Multifamily in Athens, GA: 38-unit condominium complex built in 2007 in fast growing and middle class area (AHI $78K/yr).  73% occupied.  NOI $178K/yr. $2.15M. 8.29% cap.

5.      Apartments in Fairfield, CA: 16-unit apartments half way between San Fran and Sacramento.  NOI $94K/yr. $1.025M. 9.2% cap.

6.      La Petite Childcare Center in Albuquerque, NM: 8838 SF childcare center built in 1993 on 1 ac lot.  100% NNN leased by La Petite Academy, a national childcare provider with 7 yrs remaining.  NOI $136K/yr. $1.65M. 8.25% cap.

7.      Gas Station in San Jose, CA: 1224 SF gas station and convenience store on .4 ac corner lot in high income area (AHI $114K/yr).  Revenue over $2.5M/yr.  NOI $168K/yr. $1.975M. 8.5% cap.

8.      Office building in Modesto, CA: 5532 SF class-A office building constructed in 2006.  100% occupied.  NOI $111K/yr. $1.395M. 8% cap.

9.      Strip Center in Corals Springs, FL: 13,025 SF strip center on a major artery NW of Fort Lauderdale.  Excellent visibility.  100% leased.  NOI $160K/yr. $1.999M. 8% cap.

10.   Office Building in Santa Rosa, CA: 21,808 SF 2-story office complex on 1 ac lot in high income city just North of San Francisco. 100% leased.  NOI $236K/yr. $3.095M. 7.65% cap.  Just $142/SF.

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