Best 8 Retail Properties 04-14-09

“…It’s a great time to buy real estate now… I am buying many properties…” Donald Trump, interviewed on Good Morning America this morning.

1. Starbucks Coffee in Humble, TX: 1850 SF retail building on .63 acre lot across from Kroger in fast growing area. Corp guarantee with 10% rent increase after yr-5. NOI $68K/yr. $855K. 8% Cap. GREAT FOR FIRST TIME INVESTORS!
2. Napa Auto Parts in Houston, TX: 6000 SF recently constructed building on over 1 acre lot with excellent visibility. 15-years absolute NNN corp lease with 1% annual rent increases. $103K. $1.430M. 7.25% Cap.
3. Strip Center in Houston, TX: 14,459 SF well maintained strip center on 1.44 acres of land with solid tenant mix. 100% NNN leased. NOI $159K/yr. $1.8M. 8.86% Cap.
4. Medical Building in Jacksonville, FL: 13,542 SF attractive building on .80 acre lot next to St. Vincent’s Hospital near I-95/10. 100% leased by strong local/regional medical tenants. NOI $168K/yr. $2.1M. 8% Cap.
5. Retail Center in Riverside, CA: 6000 SF 3-tenant retail center on .78 acre lot build in 2001 adjacent to Albertson’s/Petco shadow anchored center. 100% NNN lease. NOI $164K/yr. $2.250M. 7.32% Cap.
6. Denny’s in Chino Hills, CA: 6958 SF restaurant on .92 acre lot in busy thoroughfare near Fwy-71 in a high income area. Long absolute NNN lease with 8% rent boost every 5-years. NOI $120K/yr. $1.846M. 6.5% Cap.
7. Medical Office in Phoenix, AZ: 19,045 SF mature two-story medical office on over 1 acre lot adjacent to Maryvale Hospital. 100% leased. NOI $165K/yr. $1.850M. 8.95% Cap.
8. Shopping Center in Phoenix, AZ: 78,334 SF well-kept shopping center on 5.52 acres of land built in 1988 shadow anchored by Food City/99 Cent Discount at hard corner close to Fwy-10 in booming Arizona area. NOI $738K/yr. $8.850M. 8.35% Cap.
   
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