Tuesday, February 24, 2009

Top 10 Properties of Feb 18, 2009

  1. Shopping Center in Las Vegas, NV: 29,735 SF shopping center shadow-anchored by a Latino supermarket on over 2 acres of land in close proximity to Hyw-515. Actual NOI $461K/yr. $5.5M. 8.4% Cap.
    -Upside potential when completely leased.
  2. Jack in the Box in Dallas, TX: 2,348 SF Restaurant on .51 acre lot successfully operating in current location since 1970 at busy intersection. 14-yrs absolute NNN corp lease. NOI $57K/yr. $980K. 5.87% Cap.
  3. Casa Gallardo Restaurant in Des Peres, MO: 9,700 SF eye-catching restaurant owned by El Torito restaurant chain on 1.45 acres of parcel across Westfield West County Mall/I-270 in affluent (AHI $169K/yr within 1 mile radius) St. Louis suburb. 15-yrs absolute NNN corp lease with 10% increases every 5-yrs. NOI $188K/yr. $2.038M. 9.25% Cap.
  4. Office Building in Stockton, CA: 4519 SF well-maintained office building built in 1975 on hard corner location. 100% NNN leased. NOI $52K/yr. $753K. 7% Cap.
    -New renovations done recently & new roof in 2000
  5. Strip Center in Cypress, CA: 7,699 SF strip center on .51 acre lot built in 1986 at a signalized intersection in wealthy (AHI $97K/yr) Los Angeles metro. 100% leased. NOI $190K/yr. $2.727M. 7% Cap.
  6. Retail Center in Hawthorne, CA: 17,675 SF retail center on 1.28 acres of land built in 1988 at prominent retail intersection close to I-405. 100% leased. NOI $495K/yr. $7.075M. 7% Cap.
  7. Shopping Center in Arlington, TX: 70,000 SF shopping center in almost 6 acres of land across CVS Pharmacy between four major thoroughfares. 88% NNN leased. ACTUAL NOI $458K/yr. $5.088M. 9% Cap.
    -Price below replacement cost
    -Upside potential when fully leased
  8. Office Building in Norcross, GA: 12,843 SF office building conveniently located near I-85. 100% NNN leased. NOI l$155K/yr. $1.862M. 8.35% Cap.
  9. Office Building in San Jose, CA: 3300 SF recently renovated office building on .22 acre lot in San Jose Downtown. $1.350M.
    -Ideal for owner-user!!
  10. Office Building in Rocklin, CA; 4,560 SF office building constructed in 2007 in booming (166.57%) affluent ($97K/yr) Sacramento suburb near Hwy-65/ I-80. 100% NNN leased by two medical tenants. NOI $115K/yr. $1.697M. 6.83% Cap.

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