Wednesday, April 29, 2009

Top 3 Properties 04-22-09

  1. Shopping Center in Springfield, IL: 28,792 SF well maintained shopping center on 3 acres of land built in 1997 near White Oaks Regional Mall along active retail corridor. 100% leased. NOI $479K/yr. $5.950M. 8.06% Cap.
  2. National Tire & Battery in Irving, TX: 8064 SF retail building on .96 acre lot along busy retail corridor near Wal-Mart Supercenter. 25-years absolute NNN corp lease with CPI increases. NOI $201K/yr. $2.524M. 8% Cap.
  3. Office Building in Augusta, GA: 6700 SF well maintained office building on .48 acre lot built in 1990 near Doctor’s Hospital. 73% NNN leased. NOI $62K/yr. $799K. 12.80% Cap. 1800 SF vacant unit great for owner user!

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