Top 9 Properties 02-23-10

NOI: Net Oper Income
AHI: Avg. Household Income

1. Liquor Store in Dallas, TX: 8000 SF single-tenant retail store on 1.1 acres lot just off I-35E exit in Dallas. 10yrs NNN corp lease from Big Daddys Liquor, a regional tenant with 33 stores in Dallas metro. NOI $108K/yr. with over 11% rent increase in 5 yrs. $1.44M. 7.5% cap.
2. Apartments in Fresno, CA: 21 unit condo-style apartments as part of 118 unit complex with each unit on a separate parcel. 95% occupied. NOI $93K/yr. $1.2M. 7.74% cap.
3. Tuffy Auto in Omaha, NE: 3900 SF automotive center built in 2007 on .63 ac pad to a newly constructed Super Target, OfficeMax, Hobby Lobby & Sports Authority. Across the Street from Walmart Supercenter & in upper middle class area with AHI over $109K/yr. 20 yrs NNN corp lease. NOI $111K/yr. $1.369M. 8.15% cap.
4. Taco Bell in West Columbia, SC: 2334 SF restaurant on an outparcel to a shopping center. 10 yrs absolute NNN lease. NOI $96K/yr. $1.24M. 7.75% cap.
5. Childcare center in Indianapolis, IN: 8000 SF child care center in a affluent area with AHI over $128K/yr. 100% NNN lease by Goddard School, a regional childcare provider. NOI $134K/yr. $1.675M. 8% cap.
6. Apartments in Dallas, TX: 111-unit apartments on 3 acres lot in a high income area (AHI $99K/yr). Renovated in 2004. 83% occupied. NOI $213K/yr. $2.5M. 8.54% cap.
7. Walkin Clinic in Rockford, IL: 3440 SF Walk-in Clinic on .7 acre lot. 10 yrs absolute NNN leased by Physicians Immediate Care, a regional tenant. NOI $61K/yr. $818K. 7.5% cap.
8. Starbucks & Taco Time in Spokane Valley, WA: 2 free-standing retail properties built in 2005 with combined squarefootage of 4055 SF. 100% NNN leased by Starbucks and Taco Time. NOI $151K/yr. $2.095M. 7.2% cap.
9. Strip Mall in Cathedral City, CA: 6600 SF 6-unit strip mall on 1/3 acre lot. 100% leased. NOI $126K/yr. $1.26M. 10% cap.
   
   © Transmercial 2010. All rights reserved.