Top 7 Properties 03-19-10

1. Office building in Roseville, MN: 11,788 SF office building in a high income Minneapolis metro. 100% leased. NOI $116K/yr. $1.295M. 9% cap.
2. Big 5 Sporting Goods in Fontana, CA: 10,000 SF 2-yrs old high-quality single-tenant retail center on 1.3 acres lot just off Hwy 210 exit in a fast growing (142% growth from 2000-2009) and high income (AHI $79K/yr). Part of 880,000 SF retail and office Sierra Lake commercial corridor. 100% NNN lease till 2018. NOI $145K/yr. $2.148M. 6.75% cap.
3. Strip Mall in Flower Mound, TX: 10,000 SF 1-yr old upscale strip center on 1.5 acres lot at the main entrance of a 400,000 SF retail center anchored by JC Penney & Belks in a fast growing and affluent (AHI $125K/yr) suburban Dallas. 100% NNN leased. NOI $303K/yr. $3.8M. 8% cap.
4. Value Pawn in Tampa, FL: 5241 SF single tenant retail center on a major artery. 100% NNN lease with 9 yrs remaining by Value Pawn with 910 locations in US & Mexico. NOI $81K/yr with 7.5% rent bump every 5 yrs. $950K. 8.53% cap.
5. Assisted Living Facility in Antioch, CA: 8388 SF 29-bed bank-owned vacant assisted living facility. $850K.
6. Strip Center in Wichita, KS: 10,000 SF strip mall on 1.6 acres lot. 100% leased. NOI $116K/yr. $1.45M. 8% cap.
   
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