1. Shopping Center in Palmdale, CA: 55,209 SF shopping center which include 1 inline shopping center and 4 freestanding sing-tenant centers on 7.86 acres lot. Anchored by 17,065 SF 24-Hr Fitness, 8000 SF Goodwill. Shadow anchored by Superior Grocers, a regional chain with 20 locations in Southern CA. 100% NNN leased with below market rents. NOI $583K/yr. $6.855M. 8.5% cap. Just $124/SF in CA!
2. Burger King in Tacoma, WA: 3723 SF restaurant within indoor play area built in 2002 on .69 acres outparcel to K-Mart, Big-Lots and Safeway. New 15 yrs NNN lease. NOI $139K/yr. with 8% rent bump every 5 yrs. Price reduced from $1.986M to $1.875M. 7.41% cap.
3. Apartments in Plano, TX: 96-unit established apartments on 3.2 acres parcel near 150-store Collin Creek Mall in vibrant high income Dallas suburbs (AHI $98K/yr w/I 5 miles). Plano was selected among top suburbs to live. 92% occupied. NOI $287K/yr. $2.85M. 10% cap.
4. Shopping center in Lincoln, CA: 20,763 SF shopping center built in 2005 on 2.33 acres corner lot in high-growth (191% since 2000), high income (AHI $96K/yr within 1 mile) North East Sacramento suburbs. 96% NNN leased. NOI $547K/yr. $7.295M. 7.51% cap.
5. Strip Center in Porterville, CA: 3620 SF strip center built in 2007 on .4 ac lot adjacent to Hwy 65 off ramp in San Joaquin Valley. 100% NNN leased by 3 brand name tenants: Starbucks, Jackson Hewitt, and Subway. NOI $120K/yr. $1.695M. 7.1% cap.
6. Rite Aid in Marlborough, MA: 13,363 SF newer drug store on 1.83 acres lot in Boston suburbs. 20 yrs NNN lease. NOI $276K/yr with 10% rent bump every 10 yrs. $3.329M. 8.3% cap.
7. Apartments in Modesto, CA: 42-unit apartments with extensive renovation recently. NOI $110K/yr. $1.375M. 8% cap.
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