Best Commercial Properties Feb 16, 2009

1. Smoke Bones Barbeque & Grill in Lithonia, GA: 6,028 SF Restaurant on over 2 acres of land built in 2005 on prominent retail area near The Great Lakes Mall. 20-years NNN corp lease with 1.75% annual rent boost. NOI $170K/yr. $1.896M. 9% Cap.
2. Shopping Center in Mesa, AZ: 62,672 SF beautiful shadow-anchored shopping center on 8.23 acres of parcel recently renovated on primary retail corridor. 96% leased. NOI $429K/yr. $5,368M. 8% Actual Cap.
3. Strip Center in Austin, TX: 10,140 SF 2-years old stunning center on 1.2 acres of parcel at the intersection of two main thoroughfares in fast growing area. 100% NNN leased. NOI $209K/yr. $2.8M. 7.5% Cap. Buyer to assume $2M loan at 5.83% interest.
4. Goodwill Store in Sacramento, CA: 26,730 SF Goodwill Store on 2.34 acres of parcel adjacent to Rite Aid and Food Maxx. 100% NN leased with annual CPI increases. NOI $219K/yr. $3M. 7.32% Cap.
5. Strip Center in Mission, TX: 13,600 SF 2-years old modern center on 1.24 acres of land in booming area. 100% NNN leased by National, Local and Regional tenants. NOI $256K/yr. $3.050M. 8.4% Cap.
6. Shopping Plaza in Las Vegas, NV: 23,649 SF retail center built in 2002 on 2.52 acres lot in a growing and high income area in Las Vegas. Next to Orleans Hotel/Casino. 95% NNN leased. NOI $679K/yr. $9.1M. 7.5% cap. Buyer to assume $7M loan at low 5.08% interest. 10.68% cash on cash.
7. Buffalo Wild Wings restaurant in Alpharetta, GA: 6071 SF Buffalo Wild Wings restaurant (NASDAG: BWLD) built in 2004 on 1.7 acres lot in a prime commercial corridor near Hwy 400 in an affluent (AHI $113K/yr) Atlanta suburb. 100% NNN corp lease with 11 years remaining. NOI $192K/yr with 1% annual rent bump. $2.401M. 8% cap.
8. Starbucks in Austin, TX: 1750 SF new Starbucks on .61 acre lot in a fast growing and wealthy (AHI $115K/yr) area. 10 yrs NNN corp lease. NOI $85K/yr with 10% rent bump every 5 yrs. $1.15M. 7.4% cap.
9. Shopping Center in Springfield, OR: 96,027 SF neighborhood center on 8.74 acres lot in a stable city. Anchored by Safeway Supermarket with 430 parking spaces. 92% NNN leased with 70% space leased to regional or national tenants. Proforma NOI $1.033M. $11M. 9.29% cap. Partnership liquidation.
10. Retail Center in Riverdale, UT: 4800 SF retail center shadow anchored by Lowes/Petco built in 2003 at busy intersection. 100% NNN lease. NOI $135K/yr. $1.640M. 8.25% Cap.
    
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