Best Commercial Properties 11-25-08

1. Neighborhood center in Oroville, CA: 164,905 SF center built in 2001 on over 18 acres lot in Northern CA. Anchored by Food Maxx, Longs Drug, and Big 5 Sporting Goods. 97% NNN leased. NOI over $1.023M. $13.65M. 7.5% cap.
2. Pep Boys Auto In Fort Worth, TX: 22,229 Pep Boys Auto on 1.77 acres parcel on major artery just off I-35. Across from La Gran Plaza. 15 yrs NNN corp lease. NOI $129K/yr with 1.5% annual rent bump. $1.763M> 7.36% cap.
3. Office Building in Ontario, CA: 28,981 SF 2-story office building completed in 2006 as part of a larger retail/office development project just off I-10 in a densely populated area with over 450K residents within 5 miles. 100% NNN leased. NOI $609K/yr. $8.7M. 7% cap.
4. Auto Zone in Moreno Valley, CA: 7400 SF brand new Auto Zone as a part of a larger retail complex across from Home Depot in a fast growing city. 20 yrs NNN corp lease. NOI $159K/yr. $2.65M. 6% cap.
5. Restaurant in Citrus Heights, CA: 6550 SF Cool Hand Luke’s Steakhouse on a out parcel to a grocery store anchored shopping center in Sacramento. New 10 yrs NNN lease with corp guaranty from Dynaco with 92 locations. $2.675M. 7.69% cap.
6. Retail center in Albuquerque, NM: 41,012 SF retail center on 4.5 acres lot. 100% leased by 2 tenants: Sunflower Farmers Market and True Value. hardware. NOI $480K/yr. $6M. 8% cap.
7. Office Building in Tampa, FL: 27,038 SF class-A office building completed in 1997 on 5.8 acres lot in a fast growing part of Tampa. 100% occupied. NOI $362K/yr. $4.199M. 8.63% cap.
8. Jack In The Box in Paramount, CA: 2978 SF restaurant on .47 ac pad to a 94,000 SF shopping center in a very densely-populated city with over 750K residents within 5 miles. 100% NNN leased till 2016. $NOI $110K/yr. $1.732M. 6.35% cap.
9. Advance Auto Parts in Greensboro, NC: 7000 SF single-tenant brand new retail store. 15 yrs NNN corp lease. NOI $126K/yr. $1.687M. 7.5% cap.
   
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