1. Shopping Center in Muskego, WI: 43,643 SF 18-unit shopping center built in 1996, 2002, and 2004 on 8.21 acres lot in high income (AHI $93K/yr) Milwaukee suburbs. Anchored by 8000 SF Napa Auto Parts & shadow anchored by Piggly Wiggly Grocery. 75% NNN leased by 12 tenants. Current NOI $294K/yr. $3.65M. 8.08% cap. Upside potential when leased up.
2. Rodeway Inn & Suites in Arlington, TX: 104 unit hotel on 2.57 acres lot near Arlington Convention Center in Dallas metroplex. Easy access to I-30. NOI $455K/yr. $3.5M. 13% cap.
3. Strip Center in Bedford, TX: 10,127 SF 3-unit retail center in middle-class Dallas metro. Anchored by Davita Dialysis & Ace Cash Express. 79% leased. Current NOI $73K/yr. Just $899K. 8.13% cap. Upside potential when last unit is leased.
4. Family Dollar Store in Pflungerville, TX: 9180 SF Dollar store on .61 acres lot in high income and stable Austin metro. 100% NN corp lease with 5 yrs remaining. NOI $67K/yr. $810K. 8.33% cap. Recession resilient tenant.
5. Childcare Center in Rocklin, CA: 12,266 SF childcare center built in 2002 on 1 acre lot in high-growth (92% since 2000), high income (AHI $84K/yr) Sacramento suburbs. New to yrs NNN lease to Phoenix Childrens Academy Inc with over 100 childcare centers. NOI $281K/yr with 12% rent bump every 5 yrs. $3.4M. 8.3% cap.
6. Short-sale Apartments in Mesa, AZ: 120-unit apartments in high income Phoenix metro. 102 2-br/2-Ba units. Bought in Jan 2008 for $9.8M, with $5.5M loan. Washer and dryers in every unit, swimming pool & spa and full covered parking. The property is individually metered for electricity and is three story throughout. All units have private balconies/patios. Unpriced. Offer subject to lenders approval.
7. Burger King in Knoxville, TN: 4072 SF restaurant built in 1999 on 1 ac lot on a major artery. New 20 yrs NNN lease to an operator with 22 locations. NOI $84K/yr with 8% rent bump every 5 yrs. $1.087M. 7.75% cap.
8. Neighborhood center in San Jose, CA: rare 39,649 SF neighborhood center on 4 acres corner lot in wealthy area (AHI $123K/yr within 1 mile). Shadow anchored by Save Mart Supermarket. Tenants include McDonalds, Starbucks, Taco Bell, Togo’s, Pizza Hut. 100% leased. NOI $983K/yr. $14.4M. 6.85% cap.
9. Wal-mart Marketside in Gilbert, AZ: 14,841 SF Marketside Grocery on 2.07 acres corner lot in affluent Phoenix metro (AHI $99K/yr w/I 1 mile). Renovated in 2008. 100% absolute NNN corp lease (S&P AA rating). NOI $342K/yr. $4.89M. 7% cap.
10. Retail center in Louisville, CO: 8777 SF retail enter in a prime commercial area in wealthy (AHI $105K/yr) Denver suburbs. Surrounded by Kohl's, Albertsons, Home Depot, Lowes. 100% NNN leased. NOI $205K/yr. $2.398M. 8.5% cap. Buyer with 20% down to assume loan at 5.1% interest.
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