Monday, November 3, 2008

Best Retail Properties 10-30-08

  1. Shopping Center in Phoenix, AZ: 28,360 SF shopping center on a main artery in a densely populated area. 97% leased. NOI not avail. $5.075M. Only $179/SF!
  2. Quality Inn in Fort Worth, TX: 99-room motel on over 2 acres parcel just off I-30 exit. NOI $270K/yr. $3.2M. 9% cap.
  3. Shopping Center in Omaha, NE: 41,170 SF upscale shopping center on 3.91 acres lot just off I-680 exit. 95% NNN leased. NOI /yr. $7.315M. 7.4% cap.
    · Remodeled in 2008
    · Located in high income area.
  4. Shopping center in Bellflower, CA: 20,600 SF retail strip on 1.31 acres corner lot in high income (AHI $71K/yr) area with over 700K residents within 5 miles ring. 90% leased. NOI $127K/yr. $2.3M. 5.54% cap.
    · Avg rent 60% below market
    · Only $111/SF: strong upside potential!
  5. Shopping Center in Atlanta, GA: 40,798 SF 2-story retail center on 2.9 acres parcel in an affluent (AHI$105K/yr) North Atlanta. NOI $447K/yr. $5.775M. 7.75% cap.
    · Minutes from I-85 and GA-400
    · Many national tenants
  6. Retail strip in Jonesboro, GA: 19,600 SF retail center on 2.1 acres lot on Hwy 138 in a growing Atlanta metro. 82% NNN leased. Proforma NOI $267K/yr. $3M. 8.9% cap.

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