Sunday, October 12, 2008

Best retail/commercial properties of 10-10-08

1. Rite Aid Pharmacies in AL: a portfolio of 4 Rite Aid Pharmacies, each 11,325 SF with NNN lease till 2017. NOI $570K/yr. $6M. 9.5% cap. Recession resistant tenant.

2. Office building in Fort Worth, TX: 92,240 SF 5-story trophy Western Insurance Office building with I-30 visibility. 98% occupied. NOI $822K/yr. $10.2M. 8.06% cap.

3. Rite Aid in Battle Creek, MI: 11,008 SF pharmacy built in 1999 on 2 acres parcel. 100% NNN lease with over 10 yrs remaining. NOI $215K/yr. $2.394M. 9% cap.

4. Professional Plaza in Mesa, AZ: 25,467 SF class-A metal-frame office building constructed in 2001 on 2.5 acres corner lot on a major artery in fast growing Phoenix middle-class suburb. 100% leased. NOI $410K/yr. $5.25M. 7.82% cap.

5. Just Brakes in Orlando, FL: 2623 SF national tenant Just Brakes on .6 acre parcel on a busy street. 100% NNN leased till 2013. NOI $60K/yr. $812K. 7.4% cap.

6. Friendly Square center in Arvada, CO: 56,859 SF shopping center on 6.69 acres corner lot in a strong income Denver metro. Anchored by Dollar General. 97% leased with low rent. NOI $415K/yr. $5.6M. 7.4% cap. Only less than $100/SF. Upside potential.

7. Single-tenant retail building in Sacramento, CA: 7515 SF single-tenant retail on .64 acre lot with easy access to I-80. 10 yrs NNN lease. NOI $108K/yr. $1.66M. 6.5% cap.

© eFunding, Inc. 2008 All rights reserved.


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