Wednesday, July 15, 2009

Top 10 Retail Among 371 on 07/08/09

  1. Retail Building in Santa Clarita, CA: 4,235 SF recently constructed retail building on .75 acre lot adjacent o Super Wal-Mart/Home Depot at premier location. Long NNN leased by Time Warner Cable, a credit tenant. NOI $165K/yr. $2.279M. 7.25% Cap.
  2. Jiffy Lube in Bakersfield, CA: 2,000 SF retail building with excellent visibility off of I-178. 20-years NNN leased by experienced operator. 2% annual rent increases. NOI $66K/yr. $754K. 8.75% Cap. Excellent for first time investor.
  3. Strip Center in Chicago, IL: 10,978 SF strip center built in 1999 at a signalized intersection. 100% NNN leased by Citibank, Beauty Supply and Cricket. NOI $181K/yr. $2.175M. 8.33% Cap.
  4. Retail Center in Houston, TX: 11,997 SF retail center built in 2004 on .93 acre lot across Fiesta Food Mart near I-45. 100% NNN leased. NOI $140K/yr. $1.5M. 9.37% Cap.
  5. Retail Pad in Roseville, CA: 4,855 SF 3-tenant eye-catching retail building next to Sam’s Club/Wal-Mart in growing (120.61%) & strong income (AHI $84K/yr) neighborhood along dominant corridor near I-65. 100% leased. NOI $159K/yr. $1.994M. 8% Proforma Cap.
  6. Hotel in Las Vegas, NV: 330-room attractive motel built in 1980 across McCarran International Airport. NOI $851K/yr. $9.9M. 8.50% Cap.
  7. Shopping Center in Pacoima, CA: 15,498 SF well located shopping center built in 2003 on .81 acre lot with excellent visibility at signalized intersection. 100% NNN leased. NOI $341K/yr. $4.550M. 7.51% Cap.
  8. Jiffy Lube in Surprise, AZ: 2500 SF newly constructed retail building in fast growing area. 20-year NNN leased by experienced operator. NOI $142K/yr. 3% annual rent bump. $ 1.635M. 8.75% Cap.
  9. Strip Center in Sauk Village, IL: 16,000 SF well located strip center anchored by Ace Hardware. 100% leased by good tenant mix. NOI $173K/yr. $1.990M. 8.70% Cap.
  10. Retail Center in El Paso, TX: 6873 SF retail building constructed in 2007 on over 1 acre lot. 100% leased. NOI $187K/yr. $2.210M. 8.50% Cap.


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