Thursday, May 28, 2009

Top 8 Retail Properties Among 298 05/19/09

  1. Goodwill Store in Lancaster, CA: 11,311 SF retail store on over 1 acre lot across Vons supermarket and surrounded by many national tenants. Highly visible from Fwy-14. Long NNN lease by recession resistant tenant. NOI $196K/yr. $2.7M. 7.29% Cap.
  2. Shopping Center in Mesa, AZ: 19,523 SF attractive shopping center consisting of two buildings constructed in 1999 on 4.3 acres of land shadow-anchored by Health Club at signalized intersection with excellent visibility. 34% NNN leased. NOI $301K/yr. $1.995M. 15% Proforma Cap.
    -Listed at $4.850M in 2007
    -Tremendous value added when fully leased
  3. Medical Office in Altamonte Springs, FL: 5460 SF medical office close to Florida Hospital Altamonte with easy access to I-4. 100% NNN leased. NOI $153K/yr. $1.8M. 8.5% Cap.
  4. Shopping Center in Dallas, TX: 31,424 SF well maintained shopping center built in 1986 at irreplaceable location with excellent tenant visibility off of Fwy-635. 90% leased. NOI $325K/yr. $4.5M. 8.5% Cap.
  5. Strip Center in Lancaster, CA: 6000 SF mature strip center in densely populated area. 100% NNN leased by 4 tenants. NOI $51K/yr. $732K. 7% Cap. Great for 1st time investor
    -Upside potential as current tenants pay below market rent
  6. Goodyear Tires in Kyle, TX: 7260 SF retail building constructed in 2006 on over 1 acre lot located on IH-35 in a fast growing (394.43%) area. 100% NNN corp lease. NOI $172K/yr. Reduced to $2M. 9.8% Cap.
  7. Shopping Center in Norwalk, CT: 16,000 SF attractive shopping center located at main thoroughfare in wealthy (AHI $91K/yr within 1 mile) neighborhood near I-7. 100% NNN leased. NOI $490K/yr. $5.950M. 8.25% Cap.
  8. Office Depot in Aurora, CO: 20,000 SF upscale retail building constructed in 2007 on 2.59 acres of parcel shadow anchored by many national tenants such as Wal-Mart, Sam’s Club, Ross Dress for less, Petco and more in booming prosperous Denver suburbs. 100% NNN lease with 9 year remaining on original lease. NOI $292K/yr. $3.660M. 8% Cap.

© Copyright Transmercial 2009. All rights reserved.

No comments:

Post a Comment