Top Commercial Properties 12-12-08

1. Shopping center in Mesa, AZ: 45,500 SF retail center in a fast growing city. 100% NNN leased by Goodwill. NOI $207K/yr. $2.595M. 8% cap.
2. Strip center in El Centro, CA: 10,700 SF new retail center shadow anchored by Lucky Supermarkets. 100% NNN leased by 7 tenants. NOI $212K/yr. $2.65M. 8% cap in CA!
3. Shopping center in Alpharetta, GA: 27,603 SF upscale retail plaza on 3 acres corner lot in a fast growing and affluent (AHI $115K/yr) Northern Atlanta metro. 100% NNN leased. NOI $613K/yr. $8.175M. 7.5% cap.
4. Smokey Bones BBQ & Grill restaurant in Tampa, FL: 8200 SF franchised restaurant built in 2002 on 1.8 acres lot across from 1Million square-feet 200-store Westfield Citrus Park Mall. 100% absolute NNN leased till 2027 with corp guaranty. NOI $271K/yr with 1.75% annual rent increase. $3.011M. 9% cap. Store with over $4M in annual revenue.
5. Smokey Bones BBQ & Grill in Brandon, FL: 6900 SF restaurant built in 1991 on 2.18 acres lot at the entrance of 253-store Westfield Brandon Town Center Mall just off I-75 exit in a fast growing (41% growth since 2000) Tampa metro. 20 years absolute NNN lease with guaranty from a corp with 74 locations. NOI $242K/yr. $2.7M. 9% cap.
6. Fifth Third Bank in Lawrenceville, GA: 4825 SF free-standing regional bank built in 1995 on 1.87 acres parcel in a prime commercial corridor in a fast growing and high-income Atlanta suburb. 100% absolute NNN leased with over 6 yrs remaining. NOI $159K/yr. $1.989M. 8% cap.
7. Shopping Center in Lancaster, TX: 18,275 SF 2-yr old 6-unit retail center located between Walmart and Home Depot just off I-35 exit in a booming and high income Dallas suburb. 90% leased by several national/regional tenants: Anna’s Linens, Radio Shack, Game Stop, Perla Dental. NOI $265K/yr. $3.36M. 7.9% cap.
8. Strip center in Desoto, TX: 6259 SF 4-unit strip center shadow anchored by Albertsons in a fast growing (96% since 2000) and high income (AHI $93K/yr) Dallas suburb. 100% NNN leased. NOI $97K/yr. $1.2M. 8.14% cap. Great for 1st time investors.
9. Econo lodge & Suite in Spokane, WA: 132-unit hotel on 3 acres lot just off I-90 exit. $4.5M. Just $34K/unit.
   
   © copyright 2008 eFunding Inc. All rights reserved.