Tuesday, November 4, 2008

Top Commercial Properties 11-03-08

  1. Strip Mall in Converse, TX: brand new 8500 SF strip center in a fast growing San Antonio suburb. 100% NNN leased by 5 tenants. NOI $143K/yr. $1.909M. 7.5% cap.
  2. Best Western Inn & Suites in Colorado Springs, CO: 84 room Best Western just off I-25 exit and near World Arena. NOI $425K/yr. $4.5M. 9.45% cap.
  3. Shopping Center in Windsor, CA: 14,210 SF retail center built in 2002 on 1.41 acres outparcel to a Wal-mart & Home Depot anchored power center North of Santa Rosa in the wine country. 100% NNN leased by 5 tenants. NOI $396K/yr. $5.375M. 7.02% cap.
    · Just off Hwy 101 exit
    · Fast growing and high income area with AHI of $92K/yr.
  4. Strip Center in McAllen, TX: 7000 SF brand new center on .75 ac lot shadow anchored by Sam’s club and Wal-Mart. Fast growing and high income area. 100% NNN leased by 6 tenants. NOI $174K/yr. $1.933M. 9% cap.
  5. Burger King in Irving, TX: 3618 SF Burger King restaurant built in 1996 on 1.48 acres parcel in high income Dallas metro. 100% absolute corp leased with 11 yrs remaining. NOI $122K/yr. $1.688M. 7.25% cap.
  6. Strip Mall in Westminster, CO: 4850 SF brand new strip center on .57 acres lot. 100% NNN leased by 3 tenants: Starbucks, T-mobile and Instant Tax. NOI $139K/yr. $1.985M. 7% cap.
  7. Retail center in Shreveport, LA: brand new 5100 SF strip mall on a outparcel to a power center anchored by Super Target, Best Buys, Bed Bath 7 Beyond, and TJ Maxx. 100% NNN leased by 3 tenants. NOI $118K/yr. $1.575M. 7.5% cap.
  8. Shopping Strip in Norcross, GA: 7500 SF retail center built in 1994 on .95 acres out parcel to a Kroger anchored shopping center in the fast growing Atlanta metro. Easy access to I-85. 100% NNN leased by 3 tenants. NOI $149K/yr. Priced reduced to $1.6M. 9.35% cap.
  9. Retail strip in Lithonia, GA: 7242 SF retail strip built in 1996 on .89 acres lot in front of Kroger Supermarkets in Atlanta metro. 100% NNN leased by Blockbuster and Papa John Pizza. NOI $133K/yr. $1.407M. 9.5% cap.

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