Thursday, July 9, 2009

Top 10 Retail Among 343 on 07/02/09

  1. Firestone Retail Building in Omaha, NE: 7575 SF retail building constructed in 2007 on 1.35 acres of land adjacent to Wal-Mart Supercenter and Target in an affluent area with AHI over $111K/yr. 15-years NNN corp lease with increases. NOI $194K/yr. $2.432M. 8% Cap.
  2. Wendy’s Restaurant in Port St. Lucie, FL: 2965 SF well located restaurant built in 1997 on 1.26 acres of parcel in growing (25.22%) coastal Florida town along Hwy-1. Long NNN leased by an experienced multi-unit operator. NOI $110K/yr. $1.375M. 8% Cap.
  3. Retail Building in Des Plaines, IL: 5385 SF retail building constructed in 2002 fully leased by recession resistant tenant at prime/signalized location in Chicago metro. NOI $101K/yr. $1.015M. 10.01% Cap.
  4. Office Building in Greenwood, IN: 45,790 SF 4-stories Class-A recently renovated office building in one of the fastest growing counties in Indianapolis metro. NOI $ 333K/yr. $3.7M. 9% Cap.
  5. 8-unit apartments in Long Beach, CA: 4770 SF well maintained apartments just blocks from the beach. NOI $48K/yr. $775M. 6.28% Cap.
  6. Shopping Center in Sunnyvale, CA: 18,122 SF inline shopping center on 1.97 acres of land with excellent tenant mix: Restaurants, Hair Cut Salon, Cleaners, Coffee Shop, Wine Shop, Chiropractor and Storage. NOI $413K/yr. $5.675M. 7.3% proforma Cap.
  7. Jiffy Lube in Walnut Creek, CA: 2938 SF well located retail building at high traffic & high income (AHI over $114K/yr) location. New 10-years NNN corp lease. NOI $92K/yr. $1.362K/yr. $6.8% Cap.
    Tenant has been operating since 1989 at this location.
  8. Office Building in El Camino Real (Santa Clara, CA): 4956 SF 2-story attractive office building remodeled in 2006/2007 with 2-years old roof. NOI $123K/yr. $1.299M. 9.5% proforma Cap.
    Ideal for a partial owner/user
  9. Strip Center in Stockton, CA: 7293 SF retail building constructed in 2008 on 1.32 acres of land across Walgreens/Costco at signalized intersection. 100% NNN leased by national tenants. NOI $243K/yr. $3.490M. 7% Cap.
  10. Office building in Provo, UT: 18,400 SF beautiful office building on over 1 acre lot in middle-class ($81K/yr) area near I-189. 88% NNN leased. NOI $205K/yr. $2.4M. 8.56% Cap.

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