Top 8 Commercial Properties 03-25-09

1. Sweet Tomatoes in Houston, TX: 8080 SF restaurant on 1.69 acres of land built in 1999 along I-10 in fast growing and well off neighborhood. 100% NNN corp lease with rent increases. NOI $274K/yr. $3.570M. 7.68% Cap.
2. Applebee’s in Fort Collins, CO: 4700 SF Applebee’s restaurant with excellent visibility to I-287 near Foothills Mall. 101% NNN lease by the second largest franchisee in the US. $1.390M. 8.35% Cap.
3. Office Building in Colton, CA: 6852 SF stunning office building on .85 acre lot off of Fwy-215. $900K. Only $131 per sf.
4. Carl’s Jr in Queen Creek, AZ: 3000 SF restaurant on 1 acre lot shadow anchored by WalMart Supercenter in booming (287.53%) Phoenix suburb. 20-yr NNN lease. NOI $160K/yr. $2M. 8% Cap.
5. Applebee’s Restaurant in Arroyo Grande, CA: 6344 SF restaurant near Hwy 101 in San Luis Obispo County. 100% NNN lease. NOI $272K/yr. $3.2M. 8.5% Cap.
6. Retail Building in Fountain Hills, AZ: 16,276 SF nice looking retail center on 1.16 acres of land built in 1999 shadow anchored by Walgreens and hard corner. 100% lease. NOI $311K/yr. $4.150M. 7.5% Cap.
7. Shopping Center in Tinley Park, IL: 20,343 SF shopping center on over 3 acres of land built in 2004. 94% NNN leased with strong tenant mix. NOI $393K/yr. $5M. 7.86% Cap.
8. Strip Center in Northridge, CA: 3890 SF strip center at signalized intersection near Fwy-101/118 in densely populated Los Angeles, CA. 100% leased. NOI $73K/yr. $1.2M. 6.09%Cap.
   
   © copyright eFunding Inc. 2009. All rights reserved.