Best Retail Properties Among 330+ 12-05-08

1. Retail Center in Mountain View, CA: 9559 SF well-maintained retail center on .48 acre lot in a prosperous (AHI $119K/yr) Silicon Valley area. NOI $221K/yr. $2.6M. 8.5% Cap.
2. Strip Center in Gilbert, AZ: 5,916 SF attractive strip center on .87 acre lot in a booming (66.79%) Phoenix suburb. 100% NNN leased. NOI $145K/yr. $1.815M. 8% Cap.
3. Pep Boys Auto in Indio, CA: 19,338 SF Pep Boys retail building on 1.58 acres of parcel with great visibility to I-111 in a booming Riverside county. New 15 years NNN lease with 1.5% annual increases. NOI $250K/yr. $3.790M. 6.6% Cap.
4. Retail Center in Sunnyvale, TX: 12,800 SF retail center on 1.92 acres of land off of Hwy-80E in a fast growing Dallas suburb. 100% NNN leased. NOI $116K/yr. $1.5M. 7.79% Cap.
5. Single-Tenant Strip Center in Baton Rouge, LA: 49,414 SF retail building on 3 acres of land built in 1999 in densely populated area near The Mall at Cortana. 100% NNN leased by Conn’s Appliance Store. NOI $190K/yr. $2.375M. 9.2% Cap. Only $48 per SF!!
6. Quality Inn in El Cajon, CA: 96-room four story Quality Inn in San Diego. Renovated in 2006 adjacent to I-8. $7.950M.
7. Retail Building in Santa Monica, CA: 5418 SF retail building on .34 acre lot located on hard corner currently been occupied by a preschool just off Fwy-10 in prosperous (AHI $126K/yr within 1 mile radius) area. A few blocks from the beach. NOI $159K/yr. $2.550M. 6.2% Cap.
8. Office Building in Belleville, IL: 39,545 SF office building on 3 acres parcel in Saint Louis suburb. Completed in 1990 with credit tenants. Anchored by 20,000 SF St Elizabeth’s Hospital. 100% NNN leased. NOI $374K/yr. $4.4M. 8.5% Cap.
9. Shopping Center in Littleton, CO: 53,589 SF gorgeous shopping center on 4.4 acres of land built in 1987 across Southwest Plaza/Bowles Crossing Shopping Center in busy thoroughfare in Denver. $5.3M. Only $98 per SF!! Buyer to assume $4.050M at 5.79% interest.
   
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