Top 7 Properties 03-05-10

NOI: Net Oper Income
AHI: Avg. Household Income

1. Burger King in Auburn, WA: 3885 SF restaurant built in 1995 on 1.1 acres lot next to the SuperMall in stable Seattle metro. 100% NNN lease. NOI $92K/yr. $1.375M. 6.71% cap.
2. Strip center in Escondido, CA: 6600 SF retail center built in 2007 on .6 acre pad in a center anchored by Albertsons and Home Depot in San Diego metro. 100% NNN leased. NOI $235K/yr. $2.81M. 8.36% cap.
3. Clarion Inn & Suites in San Antonio, TX: 180-room hotel with 2000 SF meeting space, Restaurant, Lounge, Outdoor swimming pool, High-speed Internet. Near Brook Army medical center and next to I-35. $3.9M.
4. Burger King in Dolton, IL: 2791 SF restaurant on 1/3 ac outparcel to a shopping center in Chicago metro. 100% NNN corp lease. Tenant just exercised 5 yrs option. NOI $60K/yr. $750K. 8% cap.
5. Apartments in Fort Worth, TX: 42-unit bank-owned apartments in a good area. 76% occupied. NOI $94K/yr. $945K. 10% cap.
6. Retail center in Cathedral City, CA: 11,550 SF shopping center on a corner lot. 100% leased by 11 tenants. NOI $245K/yr. $2.999M. 8.2% cap.
7. Rite Aid in Roseville, CA: 17,700 SF drug store developed in 2003 on 2 acres lot in a growing middle class Sacramento suburb. 100% NNN lease. NOI $476K/yr with rent bump in 2018 and 2023. $5.96M. 8% cap.
   
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