Best Commercial Properties 12-16-08

1. Days Inn Hotel in Greeley, CO: 55-room hotel in fast growing (35.56%) & wealthy (AHI $83K/yr) city with good visibility from I-34. NOI $250K/yr. $2.5M. 10% cap.
2. Advance Auto in Fayetteville, AR: brand new 7,000 SF retail building on over 1 acre lot surrounded by many national tenants near I-540. New 15-years NNN lease. NOI $131K/yr. $1.613M. 8.15% Cap. Tenant in recession-resistant business.
3. Medical Building in Columbia, SC: 18,000 SF nice brick medical building on 1.85 acres of parcel off of Hwy-126. 100% NNN leased by Palmetto Heath. NOI $187K/yr. $2.2M. 8.5% Cap.
4. Taco Bell Restaurant in Spanish Fort, AL: brand new 2,284 SF Taco bell restaurant on .59 acre lot across 560,350 SF Dillard’s & Belk anchored shopping center. New 20-years NNN lease with 7.5% rent increases every 5-years. NOI $175K/yr. $2.121M. 8.25% Cap.
5. Marsh Point Shopping Center in Savanna, GA: 58,000 SF beautiful shopping center anchored by Kroger grocery store on 7.75 acres of land in a high income coastal city. NOI $ 305K/yr. $3.465M. 8.82% Cap.
   
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