- Shopping center in Las Vegas, NV: 29,735 SF shopping center 2 acres lot on a major artery just off I-515 exit. Anchored by Supermercado Rincon Latino with 3 locations in Las Vega. 75% leased. Actual NOI $461K/yr. $5.955M. 7.75% cap. Upside potential when 100% leased.
- Rite Aid in Virginia Beach, VA: 12,739 SF Rite Aid pharmacy built in 2000 on 1.5 acres lot right off I-264 exit in high income area. 20 yrs NNN leased till 2020. Store with strong sales of over $11.5M/yr. NOI $374K/yr. $5M. 7.48% cap. Buyer to assume $3.15M loan at low 5.53% interest till 2013.
- Rite Aid in Clarksville, TN: 14,564 SF brand new pharmacy on 2 acres lot in a growing town. New 20 yrs NNN lease. NOI $383K/yr. $4.783M. 8% cap.
- Blockbuster in San Jose: 6033 SF Blockbuster on .6 acres pad site in front of Target at the corner of Capitol, Mckee & I-280. 100% NNN leased till 2013 with below market rent. NOI $116K/yr. $2.4M. 4.84% cap.
- Rite aid in Canton, OH: 11,335 SF Rite Aid suite in 1997 on 1.59 acres corner lot. 100% NNN leased till 2017. NOI $180K/yr. $1.904M. 9.5% cap.
© Copyright 2008 eFunding Inc.
Tuesday, November 11, 2008
Best Retail Properties 11-10-08
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