Thursday, December 4, 2008

Best Commercial Properties 11-26-08

  1. Jack In the Box in Marysville, WA: 3030 SF restaurant on ¾ ac lot just off I-5 exit in a growing Seattle suburb. 100% absolute NNN corporate lease with 14 years remaining. NOI $97K/yr with 8% rent increase every 5 yrs. $1.446M. 6.75% cap.
  2. Shopping Center in Huntington Park, CA: 19,960 SF 9-unit shopping center on 1 ¼ acres lot in a densely-populated city in Los Angeles with over 1.1M residents within 5 miles radius. 93% leased with just 1 small vacant unit. Actual NOI $343K/yr. $4.8M. 7.17% actual cap. Only $240/SF!
  3. Santa Fe Cattle Restaurant in Bixby, OK: 5941 SF brand new regional restaurant on 1.65 ac parcel in an affluent (AHI $102K/yr) and fast growing (24% since 2000) Tulsa suburb. Part of a large retail complex anchored by Wal-mart, Lowes and Target. New 20 yrs absolute NNN lease with guaranty by Santa Fe Holding Company (OTC symbol: SFHD). NOI $273K/yr. $3.214M. 8.58% cap.
  4. Medical office building in Keller, TX: 10,995 SF brand new upscale medical office building on 1.3 acres of land in a booming (135% growth since 2000!) and strong income Dallas metro. 100% NNN leased by 2 good tenants: Cook’s Children Hospital with multiple locations and Teach-Mart. NOI $216K/yr. $2.8M. 7.75% cap.
  5. Shopping center in Edmond, OK: 42,815 SF 16-unit shopping center on a corner lot in a fast growing and high income suburban of Oklahoma City. NOI $360K/yr. $4.5M. 8% cap. Only $105/SF.
  6. Dollar Tree Store in Brownsville, TX: 10,000 SF Dollar Tree store in a fast growing border town. Near Wal-mart. 100% NNN leased. Recession-insensitive tenant. NOI $100K/yr. $1.3M. 7.7% cap.
  7. Medical Building in Sunnyvale, CA: 4000 SF freestanding medical building on .42 ac lot near Hwy 101 and Lawrence Expressway in the middle of Silicon Valley. 50% leased to a dentist. $1.1M.

© copyright 2008 eFunding, inc.

Monday, December 1, 2008

Best Commercial Properties 11-25-08

  1. Neighborhood center in Oroville, CA: 164,905 SF center built in 2001 on over 18 acres lot in Northern CA. Anchored by Food Maxx, Longs Drug, and Big 5 Sporting Goods. 97% NNN leased. NOI over $1.023M. $13.65M. 7.5% cap.
  2. Pep Boys Auto In Fort Worth, TX: 22,229 Pep Boys Auto on 1.77 acres parcel on major artery just off I-35. Across from La Gran Plaza. 15 yrs NNN corp lease. NOI $129K/yr with 1.5% annual rent bump. $1.763M> 7.36% cap.
  3. Office Building in Ontario, CA: 28,981 SF 2-story office building completed in 2006 as part of a larger retail/office development project just off I-10 in a densely populated area with over 450K residents within 5 miles. 100% NNN leased. NOI $609K/yr. $8.7M. 7% cap.
  4. Auto Zone in Moreno Valley, CA: 7400 SF brand new Auto Zone as a part of a larger retail complex across from Home Depot in a fast growing city. 20 yrs NNN corp lease. NOI $159K/yr. $2.65M. 6% cap.
  5. Restaurant in Citrus Heights, CA: 6550 SF Cool Hand Luke’s Steakhouse on a out parcel to a grocery store anchored shopping center in Sacramento. New 10 yrs NNN lease with corp guaranty from Dynaco with 92 locations. $2.675M. 7.69% cap.
  6. Retail center in Albuquerque, NM: 41,012 SF retail center on 4.5 acres lot. 100% leased by 2 tenants: Sunflower Farmers Market and True Value. hardware. NOI $480K/yr. $6M. 8% cap.
  7. Office Building in Tampa, FL: 27,038 SF class-A office building completed in 1997 on 5.8 acres lot in a fast growing part of Tampa. 100% occupied. NOI $362K/yr. $4.199M. 8.63% cap.
  8. Jack In The Box in Paramount, CA: 2978 SF restaurant on .47 ac pad to a 94,000 SF shopping center in a very densely-populated city with over 750K residents within 5 miles. 100% NNN leased till 2016. $NOI $110K/yr. $1.732M. 6.35% cap.
  9. Advance Auto Parts in Greensboro, NC: 7000 SF single-tenant brand new retail store. 15 yrs NNN corp lease. NOI $126K/yr. $1.687M. 7.5% cap.

    © copyright 2008 eFunding, inc.

Friday, November 28, 2008

Top 5 retail properties of 11-24-08

  1. Shopping center in Katy, TX: 41,232 SF shopping center on 3.5 acres of land built in 1984 near I-10 in fast growing Houston suburb. 92% NNN leased with strong tenant mix. NOI $339K/yr. $3.750M. 9.07% Cap.
    Strong national/local tenants mix: Subway, Hair Salon, VIP Liquor, Dollar General, Dental, Meat Market, The Academy and Taqueria.
  2. Avalon Plaza in Carson, CA: 15,577 SF mature shopping center on .95 acre lot at signalized intersection with easy access to Fwy-405. Across from South Bay Pavilion Mall in densely populated Los Angeles county. 100% NNN leased. NOI $437K/yr. $6.2M. 7.06% Cap.
  3. Fast food restaurant in Paramount, CA: 2978 SF Jack in the Box Restaurant on .47 acre lot. Long absolute NNN lease. NOI $110K/yr. $1.732M. 6.35% Cap.
    Restaurant has occupied location since December 1980
    Corporate guarantee (BB+)
    Outparcel to a 94.841 SF shopping center
  4. Medical Office in Folsom, CA: 8000 SF beautiful medical office built in 1998 located in prosperous (AHI $103K/yr. within 1 mile radius) neighborhood. NOI $167K/yr. $2.775M. 7% proforma Cap.
    100% NNN leased to doctors who specialize in Family Practice, Sports Medicine, Maternity, Dermatology, Laser Surgery and Laser Cosmetics.
  5. Shopping center in Anaheim, CA: 8,050 shopping center on a major artery close to I-5 and Hwy 91. 100% Occupancy. NOI $95K/yr. $1.8M. 5.31% Cap.
    Strong upside potential when converting leases from gross to NNN.
    Just $225/SF.

Wednesday, November 26, 2008

Best Retail Properties 11-21-08

  1. Rare KFC restaurant in Santa Monica, CA: 1370 SF restaurant on 1/3 acre lot in a densely populated wealthy (AHI $143K/yr) coastal city with over 530K resident within 5 miles radius. Minutes from the ocean. 100% NNN leased till 2015. NOI $53K/year with minimum 10% rent increase in Jan 2010. $1M. 5.28% cap.
  2. Jack In the Box in San Diego, CA: 1349 SF restaurant on 1/3 ac lot. 100% NNN leased till 2018. NOI $72K/yr. with rent bump every 5 yrs. Buyer may assume $549K loan at low 6% interest due in 11 yrs. $1.166M. 6.25% cap.
  3. Shopping center in Rancho Cucamonga, CA: 20,516 SF retail center on over 2 acres lot in boom town (46% growth since 2000) city in Inland Umpire. Anchored by Big Five Sports. Part of a larger shopping complex anchored by Targets, Michaels, Ross, Bally’s Fitness. 95% NNN leased by 9 tenants with just one small vacant unit. NOI $472K/yr. $6.95M. 6.8% cap.
  4. Medical office building in Folsom, CA: 8000 SF 10-yr old medical building in a booming (78% growth since 2000) & middle class (AHI $103K/yr) Sacramento suburb. 100% leased. Tenants include doctors in Family practice, Sports medicine, Maternity, Dermatology, Laser surgery and Laser Cosmetics. NOI $167K/yr. $2.775M. 7% cap.
  5. La Petite Academy in Chandler, AZ: 10,000 SF brand new childcare center in an explosive growth area (418% since 2000). 15 yrs NNN leased by a national day care center tenant. NOI $260K/yr. $3.448M. 7.54% cap.
  6. Shell Gas Station in San Francisco, CA: Shell service station on .6 ac parcel on Mission Street. $4.8M.
  7. Ashley Furniture in Jacksonville, FL: 45,000 SF furniture show room built in 2005 as part of a 150-retailer center anchored by Dillard’s, Target, Barnes & Noble, Petsmart, and Staples. 100% NNN lease with corp guaranty. NOI $679K/yr with 10% rent bump every 5 yrs. $7.761M. 8.75% cap.

    © copyright 2008 eFunding Inc.

Tuesday, November 25, 2008

Best Retail Properties 11-20-08

  1. Burger King in Montgomery, IL: 2660 SF brand new restaurant on an out parcel to a Wal-mart Supercenter in fast growing Chicago suburb. 20 yrs absolute NNN lease. NOI $233K/yr. $2.906M. 8% cap. Tenant with recession resistant business.
  2. Shopping Center in Beaumont, TX: 23,524 SF upscale shopping center built in 2007 on 3.26 acres parcel in an affluent area with AHI over $100K/yr. Anchored by PF Chang’s Pei Wei. 100% NNN leased. NOI $434K/yr. $5.25M. 8.28% cap.
  3. Professional Plaza in Phoenix, AZ: 40,000 SF 5-building medical complex built in 1995 in the high-income SW part of Phoenix with AHI over $99K/yr. 92% leased with actual NOI of $592K/yr. $7.4M or 8% cap.
  4. Strip center in Tampa, FL: 9600 SF retail strip built in 2007 on over 1 acre lot just a couple blocks from Westfield Citrus Park Mall. 100% NNN leased by 5 good tenants with Quest Diagnostics being the anchored tenant. NOI $266K/yr. $3.547M. 7.5% cap.
  5. Applebee’s restaurant in Virginia Beach, VA: 4201 SF restaurant on 1.34 acres pad to Target and across the street from Kmart supercenter in a prime commercial district just off I-264. 20 yrs absolute NNN lease. NOI $173K/yr. $2.31M. 7.5% cap.
  6. Wendy’s in Dallas, TX: 2500 SF restaurant constructed in 1995 on 1.1 acres out parcel to a Sam’s Club just off I-20 off-ramp. 20 yrs absolute NNN lease by a very experienced franchisee. NOI $157K/yr. $2.098M. 7.5% cap.

    © Copyright eFunding Inc 2008

Monday, November 24, 2008

Top Retail Properties 11-19-08

  1. Goodyear Tire in Morgan Hill, CA: 7,946 SF tire and auto retail building on .54 acre lot constructed in 1984 located Monterey Hwy. 100% NNN leased. NOI $70K/yr. $1.012M. 7% Cap.
  2. Beautiful shopping center in Fayetteville, GA: 10,414 SF strip center on 1.77 acre lot built in 2003 in a main thoroughfare just off Hwy-54. 73% Occupancy. NNN. NOI $124K/yr. $1.550M. 8% Cap.
    Upside potential when fully leased
  3. Meadowview Plaza in Tampa, FL: one year old 9,600 SF beautiful strip center on over 1 acre lot fully leased with five strong tenants blocks from Westfield Shopping Town. 100% NNN leased. NOI $266K/yr. $3.547M. 7.5% Cap.
  4. Strip Center in Sioux City, IA: 19,881 SF nice looking center built in 2004 on 1.78 acres out parcel to a Wal-Mart center with national/local tenant mix. 100% NNN leased. NOI $219K/yr. $2.441M. 9% Cap.
  5. Arsenio’s Mexican Restaurant in Chico, CA: 1643 SF Mexican Food Restaurant recently renovated close to North Valley Plaza Mall. Long absolute NNN lease with 3% annual rent bump. NOI $95K/yr. $1.060M. 9% Cap.
    Stable tenant with 8 locations
    Standalone building with drive-thru
  6. Day Care Center in Spring Hill, TN: 7839 SF Day Care Building on over 1 acre lot built in 2002 located in middle-class (AHI $67K/yr.) growing (1,470% within 1 mile radius) area. 100% NNN corp leased with 2% rent increases. NOI $94K/yr. $1.2M. 7.88% Cap.
  7. Saxon Plaza Shopping Center in Deltona, FL: 16,710 SF attractive shopping center on 3.49 acres of land located just off of Hwy 4. 95% Occupancy. NNN. NOI $ 200K/yr. $2.675M. 7.5% Cap.
  8. Office Building in Henderson, NV: 25,248 SF beautiful office building constructed in 2001 on 2.61 acres of parcel with tremendous upside potential. 100% Occupied. NNN leases. NOI $431K/yr. $5M. 8.63% Cap.

    © Copyright eFunding Inc 2008

Friday, November 21, 2008

Top 9 retail properties 11-18-08

  1. Shopping Center in Chattanooga, TN: 12,500 SF strip center built in 2006 on 1.75 acres outparcel to Home Depot/Lowes. Across from Hamilton Place Mall near I-75. 100% NNN leased. NOI $223K/yr. $2.650M. 8.42% Cap.
  2. Jack in the Box Restaurant in Houston, TX: 3355 SF Restaurant on a major thoroughfare with excellent visibility from Hwy-59. Long corp NNN lease. NOI $90K/yr. $1.210M. 7.5% Cap.
    Restaurant has been in this location since the mid-1960s.
  3. Coal Mine Shops in Littleton, CO: 7559 SF strip center on 1.31 acres of lot built in 2000 with national tenants in a well-off (AHI $92K/yr within 1 mile radius) Denver suburb. 100% NNN leased. NOI $179K/yr. $2.150M. 8.36% Cap.
    Adjacent to Walgreens/across from Kroger Center
    Center always 100% leased.
  4. Medical Retail Building in Cypress, TX: 9230 SF multi-tenant medical building next to Walgreens built in 2005. 100% NNN leased. NOI $166K/yr. $2.130M. 7.8% Cap.
    Stable tenants: Cy-Fair Medical Partners, totally owned by subsidiary of Tenet Healthcare corp. and FastBraces, Orthodontics Practice with currently 15+ practices.
  5. Shopping Center in Lancaster, CA: 32,662 SF shopping center on 2.37 acres parcel constructed in 2005 & anchored by Dollar Tree on major signalized intersection. 100% NNN leased. NOI $378K/yr. $5.658M. 6.69% Cap.
  6. Beautiful Shopping Center in Frisco, TX: 22,028 SF attractive 10 yrs old shopping center on 2.69 acres lot in an affluent (AHI $110K/yr within 1 mile radius) area. 91% Occupancy. NNN. NOI $368K/yr. $4.5M. 8.19% Cap.
    Good tenant mix: Auto Zone, Pizza, Nail Salon, Pro Cuts, Orthodontist, Tanning salon, and more.
  7. Shopping Center in Houston, TX: 7848 SF beautiful shopping center built in 2005 with monument sign for extra tenants visibility. 100% NNN leased. NOI $226K/yr. $3.015M. 7.50% Cap.
  8. Strip Center in Port St Lucie, FL: 8140 SF strip center constructed in 2007 with national tenants. Actual NOI $174K/yr. $2.150M. 8.12% Cap.
    Upside potential when vacant unit is leased
  9. Shops at Woodland Hills in Cordova, TN: 20,400 SF shopping center on 2.39 acres of land built in 2005 just off of Hwy-193 along major retail corridor. 100% NNN leased. NOI $306K/yr. $4M. 7.66% Cap.

    © Copyright 2008 eFunding Inc.