Thursday, February 5, 2009

Best Commercial Properties of Jan 29, 09

  1. Shopping Center in Lubbock, TX: 19,900 SF attractive 3-years old shopping center on 1.81 acres outparcel to Wal-Mart Supercenter. 92% NNN leased. NOI $405K/yr. $4.652M. 8.71% Cap.
  2. Medical Office in Buford, GA: 11,250 SF medical office built in 2005 in growing area near I-85/985 in Atlanta metro. 100% leased. NOI $110K/yr. $1.375M. 8.07% Cap.
  3. Strip Center in Phoenix, AZ: 7534 SF strip center on 1 acre lot constructed in 2005 next to Walgreens. 100% NNN leased by six tenants. NOI $155K/yr. $2.1M. 7.39% Cap.
  4. Ace Hardware Retail Building in Colleyville, TX: 20,400 SF retail building recently renovated adjacent to Vineyards Antique Mall on Hwy-26 in a fast growing Dallas suburb. New 10-years NNN lease. NOI $161K/yr. $1.8M. 8.95% Cap.
    Established operator currently operating 85 locations
  5. Office Building in Tampa, FL: 15,500 SF nice-looking two-story office building on hard corner location. 100% NNN leased. NOI $205K/yr. $2.570M. 8% Cap.
  6. Just Brakes in Mansfield, TX: 4082 SF retail building constructed in 2007 near US-287 in Dallas metro. 15-years NNN corp lease with 10% increases every 5-years. NOI $106K/yr. $1.378M. 7.75% Cap.
  7. Shopping Center in Lancaster, CA: 32,662 SF shopping center on 2.38 acres of land built in 2005 anchored by national credit tenants at major signalized intersection. 100% NNN leased. NOI $383K/yr. $5.658M. 6.78% Cap.
  8. Shopping Center in Pasadena, TX: 27,583 SF neighborhood center anchored by Family Dollar in fast growing area in Houston metro. 96% NNN leased. NOI $315K/yr. $4.1M. 7.7% Cap.

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