Best 10 Retail Properties among 339+ 12-09-08

1. Office Building in Houston, TX: 53,811 SF 3-story well-maintained class-B beautiful building on 2.66 acres of land near I-45. Renovated in 1996. 100% leased by the State of Texas. NOI $280K/yr. $3.5M. 8.01% Cap. Buyer to assume $2.520M at 6.31% Interest.
2. Neighborhood Center in Byrams, MS: 68,094 SF shopping center on 7.55 acres of parcel at a hard corner close to I-55. Built in 1991 & anchored by grocery store. 100% leased. NOI $328K/yr. $3.975M. 8.26% Cap.
3. Starbucks Coffee in Russellville, AR: 1,746 SF brand new retail building with drive-thru at signalized intersection across new Wal-Mart. NNN corp lease. NOI $77K/yr. $974K. 8% Cap.
4. Goodyear Retail Building in Pearland, TX: brand new 6,922 SF Goodyear retail building outparcel to Pearland Town Center at signalized intersection of Hwy-288/Hwy-518. 12 years corp guarantee lease. NOI $183K/yr. $2.524M. 7.25% Cap.
5. Arby’s Restaurant in Omaha, NE: 2,879 SF Arby’s Restaurant built in 2002 on .62 acre outparcel to a Home Depot. New 20-years absolute NNN lease with 8% increases every 5-years. NOI $90K/yr. $1.2M. 7.5% Cap.
6. Rite Aid Pharmacy in Bakersfield, CA: 17,800 SF brand new Rite Aid Pharmacy on 1.49 acres lot at hard corner in busy road in a densely populated area. New 20-years absolute NNN corp lease with rent increases. NOI $250K/yr. $3.5M. 7.14% Cap.
7. Medical Office Building in Sacramento, CA: 25,097 SF medical office building in an explosive growth (1,059.54% population increase within 1-mile radius) neighborhood close to I-5. 100% leased by Catholic Healthcare West (CHW) with annual rent increases. NOI $470K/yr. $6.970M. 6.75% Cap.
8. Advance Auto Parts Retail Building in Clayton, NC: five years old 7,000 SF Advance Auto Parts on .92 acre lot at signalized intersection. NNN Corp guarantee lease. NOI $99K/yr. $1.285M. 7.80% Cap. Good business during recession as people don’t buy new cars but maintain old ones.
9. Medical Office in Fisher, IN: 21,640 SF well-established medical office on 2.65 acres of land in fast growing Indianapolis suburb. 100% Occupancy. NOI $ 293K/yr. $3.783M. 7.75% Cap.
10. Retail Center in Tacoma, WA: 7,032 SF mature retail center close to I-512 occupied by long term NNN tenants. NOI $92K/yr. $1.420M. 6.5% Cap. Upside potential as rent is below market.
    
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