Top Commercial Properties 11-07-08

1. Urgent Care center in Charlotte, NC: 3493 SF Nextcare Urgent Care center built in 2002 In a fast growing city. 100% NNN corp leased till 2015. NOI $99K/yr. with 2.5% annual rent bump. $1.287M. 7.75% cap.
   · Recession-proof business
2. Retail center in Gilbert, AZ: 6485 SF single-tenant retail center built in 2006 on 1 ac lot in a booming (51% growth) and high income Phoenix suburb. 100% NNN till 2015. NOI $158K/yr. $2.05M. 7.75% cap.
3. Shopping center in San Diego, CA: 56,006 SF shopping center on 4.91 acres parcel near Sea World. 97% NNN leased. NOI $1.124M. $12.5M. 9% cap.
   · Anchored by Petsmart
   · High barriers to entry location
   · Next to center anchored by Home Depot, Target, Vons, 24-hr Fitness, Walgreens, TJ Maxx.
4. Office building in Plano, TX: 21,500 SF office building on 2 acres parcel in a affluent Dallas metro with AHI of $128K/yr. 100% NNN leased by Lillibridge Healthcare Services till 2014. NOI $410K/yr. $4.46M. 9.2% cap.
5. Retail property in Fort Collins, CO: 10,474 SF retail center built in 2006 North of Denver. 100% NNN leased by 2 tenants. NOI $98K/yr. $1.145M. 8.6% cap.
   
   
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