Best 7 Retail Properties Among 350+ 01-06-09

1. Walgreens in Schertz, TX: 15,120 SF Walgreens built in 2000 on 2.6 acres lot at an intersection in a fast growing (78% growth since 2000) and high income (AHI $83K/yr) San Antonia suburb. 100% NNN leased till 2061. NOI $265K/yr. $3.375M. 7.85% cap. Financially strong tenant with recession-proof business.
2. Walgreens in San Antonio, TX: 13,905 SF Walgreens on 1.18 acres corner lot in a high income (AHI $85K/yr) part of SA. 100% NNN leased till 2058. NOI $259K/yr. $3.3M. 7.85% cap.
3. CVS in Hawthorn, CA: 12,000 SF CVS pharmacy on a corner with easy access to I-405 in a high income (AHI $93K/yr within 3 miles) city in Los Angeles with 600K residents within 5 miles radius. 100% NNN lease. NOI $190K/yr. $2.463M. 7.71% cap.
4. CVS in Voorhees, NJ: 13,013 SF CVS pharmacy on a corner lot in a prime commercial corridor in a high income Philadelphia suburb. 100% long term NNN lease. NOI $198K/yr. $2.576M. 7.71% cap.
5. CVS in Sandy Springs, GA: 10,125 SF CVS Pharmacy in a fast growing and high income Atlanta suburb. 100% long term NNN lease. NOI $145K/yr. Only $1.35M. 10.76% cap!
6. Retail strip in Bakersfield, CA: 6000 SF 2 yrs old strip on 2/3 acre lot. 100% leased by 5 tenants. NOI $58K/yr. Only $729K. 8% cap.
7. Shopping strip in Chattanooga, TN: 12,500 SF strip center built in 2004 on 1.75 acres out parcel to Home Depot and Lowes in a fast growing and strong income area. 100% NNN leased by 3 tenants. NOI $233K/yr. $2.65M. 8.42% cap.
   
   
   © Copyright eFunding Inc. 2009. All rights reserved.