Top Commercial Properties 12-18-08

1. Shopping Center in Concord, NC: 32,136 SF stable shopping center in corner location with tremendous visibility from I-29 in a growing Charlotte suburb. 95% NNN leased by 3 tenants. NOI $204K/yr. $2.350M. 8.70% Cap.
2. FedEx Kinko’s Retail Building in Miami, FL: 7500 SF single building on .51 acre outparcel to large neighborhood shopping center next to I-94. 100% NNN leased. NOI $225K/yr. $2.812M. 8% Cap.
3. Office Building in Fountain Hills, AZ: 4800 SF 2-story office building built in 1986 across from new Town Square Center in a prosperous neighborhood. 100% leased. NOI $72K/yr. Only $900K. 8% Cap.
4. Shopping Center in Carson, CA: 15,577 SF nice-looking shopping center built in 1980 on .95 acre lot at a signalized intersection across South Bay Pavilion Mall. 100% NNN leased. NOI $442K/yr. $5.850M. High 7.56% Cap for CA.
5. Retail Center in Naperville, Il: 4282 SF mature eye-catching retail center on .97 acre lot in growing/affluent (AHI $110K/yr) area block from Westfield Fox Valley Mall. 100% NNN leased. NOI $181K/yr. $2.421M. 7.5% Cap.
6. Jack in the Box in Baton Rouge, LA: 2855 SF Jack in the Box Restaurant on 1.17 acres of land built in 1997 on major thoroughfare near Hwy-10. Long NNN corp lease with rent increases. NOI $184K/yr. $2.464M. 7.5% Cap.
7. Gatti’s Pizza in Cedar Park, TX: 1144 SF Gatti’s Pizza located in one for the fastest growing Austin cities close to Lakeline Mall near Hwy-183. 100% NNN leased. NOI $54K/yr. $720K. 7.50% Cap.
8. Starbucks Coffee in Irving, TX: brand new 1750 SF Starbucks Coffee on .64 acre lot in growing (41%) prosperous (AHI $207K/yr within 1 mile radius) city. 10-years NNN corp lease. NOI $89K/yr. $1.236M. 7.20% Cap.
9. Single Tenant Building in San Jose, CA: 1895 SF mature single tenant building at signalized intersection. 100% NNN leased by three tenants. NOI $55K/yr. $950K. 5.80% Cap.
10. Single Tenant Building in Capitola, CA: 2900 SF attractive retail building located at intersection in Capitola Village. 100% NNN leased. NOI $83K/yr. $1.490M. 5.6% Cap.
    
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