Best Commercial Properties of Feb 9, 2009

1. Single-tenant retail in Lancaster, CA: 11,311 SF single-tenant inline retail building as part of a larger shopping center next to Hwy 14/138. Surrounded by Home Depot, Big K-mart, Kragen Auto Part, Sav-On Drugs, and Vons Supermarket. 100% NN leased by Goodwill Industries. NOI $196K/yr. $3.028M. 6.5% cap.
2. Retail Center in Palm Springs, CA: 10,295 SF retail center on 1.2 acres corner outparcel to Stater Bros Supermarket anchored shopping center in a growing and affluent area with AHI over $110K/yr within 1 mile. 100% NNN leased by 3 brand name tenants. NOI $197K/yr. $2.825M. 7% cap.
3. Single Tenant Retail in Santa Clarita, CA: 4235 SF free-standing pride-of-ownership retail building on ¾ acres corner outparcel to a 104,701 SF community center. Across the street from Wal-mart and Sam’s Club in a high growth city. Easy access to I-5. 100% NNN leased by Time Warner Cable. NOI $165K/yr. $2.54M. 6.5% cap.
4. Strip Mall in Gilbert, AZ: 5916 SF retail strip on ¾ acres lot in a booming (66% growth) and affluent (AHI $94K/yr) Phoenix metro. 100% NNN leased by 4 tenants. NOI $145K/yr. $1.815M. 8% cap.
5. Family Dollar Store in Weirsdale, FL: 9014 SF brand new Family Dollar Store on 1 ac lot in a fast growing and strong income inland town. 10 yrs NNN lease with corp guaranty. NOI $106K/yr. $1.373M. 7.75% cap.
6. Office Building in Turlock, CA: 4400 SF class-A office building constructed in 2005 on ½ ac parcel in a growing and strong town South of Modesto with easy access to hwy 99. 100% leased by 3 tenants. NOI $62K/yr. Only $840K. 7.5% cap.
7. Shopping Plaza in Midland, TX: 93,956 SF shopping plaza in a wealthy petroleum producing region with AHI over $90K/yr. 100% leased. NOI $843K/yr. $9.5M. 8.87% cap.
   
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