Monday, February 9, 2009

Best Commercial Properties of Feb 2, 2009

  1. Tuffy Auto Service Center in Rock Hill, SC: 5120 SF recently built retail building on .70 acre lot adjacent to Home Depot in Charlotte suburb. 20 years NNN corp lease with rent increases. NOI $129K/yr. $1.612M. 8% Cap.
  2. Strip Center in Fort Worth, TX: 9961 SF retail building on 1 acre lot built in 2008 just off of I-35. 100% NNN leased by 5 tenants. NOI $200K/yr. $2.508M. 8% Cap.
  3. Retail Center in Des Moines, IA: 12,000 SF strip center on 1.48 acres of parcel built in 1997 just North of Southdale Regional Mall. 100% NNN leased. NOI $235K/yr. $2.775M. 8.5% Cap.
  4. Retail Center in Greenwood, IN: 18,200 SF mature retail center on 2 acres of land across Greenwood Park Mall along Hwy-31. 92% NNN leased. NOI $259K/yr. $3.250M. 8% Cap.
  5. Goodwill in Sacramento, CA: 26,730 SF retail building on 2.34 acres of parcel shadow anchored by Food Max/Rite Aid near Hwy-99. 100% NNN leased. NOI $219K/yr. $3M. 7.32% Cap.
  6. Medical Office in San Antonio, TX: 6000 SF beautiful upscale medical office at busy intersection close to North Central Baptist and Methodist Hospitals. New 5-years NNN lease. $1.4M.
  7. Neighborhood Center in Ormond Beach, FL: 36,024 SF luxurious shopping center on 3.32 acres of land built in 2005 with good visibility near I-95. NOI $657K/yr. $9.225M. 7.13% Cap.

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