Best Commercial Properties 12-30-08

1. Carl’s Jr. in Goodyear, AZ: 3000 SF fast food restaurant on 1.67 acres of land anchored by Target, Home Depot, Office Max and more if booming (242%) Phoenix suburbs. 100% NNN leased. NOI $155K/yr. $1.940M. 8% Cap.
2. Holiday Inn in San Antonio, TX: 74-rooms/suites motel on 2.35 acres of parcel off I-90 near SeaWorld. NOI $727K/yr. $6.6M. 11.02% Cap.
3. Candlewood Suites in Galveston, TX: brand new 83-room upscale hotel off of I-45 in growing middle-class (AHI $54K/yr.) neighborhood. NOI $762K/yr. $7.2M. 10.59% Cap.
4. Shopping Center in Baton Rouge, LA: 22,434 SF shopping center with national/local tenants across form The Mall at Cortana. 95% Occupancy. NOI $199K/yr. $1.930M. 10.33% Cap.
5. Retail Pad in Las Vegas, NV: brand new 13,474 SF retail pad with great visibility in fast growing areas. 100% NNN leased. NOI $207K/yr. $2.6M. 8% Cap.
6. Strip Center in Arvada, CO: 6122 SF well-kept strip center on .66 acre lot built in 1997 on main retail corridor near I-76. 100% NNN leased. $1.075M. 7.95% Cap.
7. Shopping Center in Saint Petersburg, FL: 17,000 SF shopping center on 1.53 acres of land built in 1993 with excellent visibility next to Walgreen’s. 100% NNN leased. NOI $266K/yr. $3.950M. 6.7% Cap.

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