Wednesday, December 31, 2008

Top 8 properties of 12-23-08

  1. Strip Center in Port Charlotte, FL: 31,800 SF well maintained strip center on 4.26 acres lot at signalized intersection with excellent visibility. NOI $395K/yr. $5.650M. 7% Cap.
  2. Blockbuster Video Store in Fort Worth, TX: 6,500 SF Blockbuster retail building on .74 acre lot built in 1997 next to CVS Pharmacy in fast growing city. NOI $102K/yr. $1.137M. 9% Cap.
  3. Popeye’s Chicken & Biscuits in Indianapolis, IN: brand new 1,932 SF restaurant on .19 acre lot at major thoroughfare. 100% NNN lease with 2% annual increases. NOI $105K/yr. $1.246M. 8.5% Cap.
  4. Office Depot in Burnsville, MN: brand new 20,898 SF Office Depot on over 2 acres of land between Burnsville Center Mall and Fairview Ridges Hospital with excellent exposure to Hwy-35E. 100% NNN leased. NOI $336K/yr. $4.078M. 8.25% Cap.
  5. Shopping Center in Long Beach, CA: 20,740 SF shopping center on 1.67 acres of parcel built in 1979 with national tenants and outstanding visibility at signalized intersection. 100% leased by 12 tenants. NOI $438K/yr. $6.450M. 6.80% Cap.
  6. Strip Center in McAllen, TX: 7,000 SF 2 year old beautiful strip center with solid tenants near I-83. $1.933M. 9% Cap.
  7. Office Building in Reno, NV: 6,078 SF office building on major artery at corner location with excellent exposure. 100% NNN leased. NOI $136K/yr. $1.830M. 7.45% Cap.
  8. Days Inn Hotel in Salinas, CA: 32-Room Days Inn Hotel recently remodeled with good Fwy-101 visibility/signage. $2.850M.

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