|Daily 10 Best Commercial Properties|
1. Walgreens in Baytown, TX: 13,905 SF Walgreens constructed in 2000 on 1.50 ac lot at a signalized corner location. Close to San Jacinto Hospital and Hwy-146. 20 yrs NNN- corp lease with over 3 yrs left. NOI $259K/yr. $3.463M. 7.50% cap.
2. Retail Center in Aurora, CO: 22,264 SF well maintained retail center renovated in 2006 on 1.64 ac lot in Denver suburbs. Adjacent to Burlington Coat Factory and with easy access to I-225. 91% NNN leased to seven tenants. NOI $246K/yr. $3.525M. 7% cap. Upside potential when fully leased.
3. Retail Center in Sacramento, CA: 28,996 SF attractive retail center along major corridor. 84% leased. Near Hwy-50. Actual NOI $233K/yr. $3.075M. 7.60% cap.
4. Retail Center in Yuba City, CA: 10,800 SF attractive retail center built in 2005 in a growing City North of Sacramento. 86% leased. NOI $207K/yr. $2.967M. 7% cap.
5. Retail Center in El Centro, CA: 19,347 SF well maintained retail center on over 2 ac lot in a growing area East of San Diego. NNN leased to multiple tenants. NOI $298K/yr. $3.975M. 7.50% cap.
6. Burger King in Bellwood, IL: 2286 SF newly constructed Burger King on .51 ac lot in a middle-class area. 15 yrs NNN lease. NOI $114K/yr with 10% rent increases every 5 yrs. $1.821M. 6.30% cap.
7. Strip Center in Roeland Park, KS: 9720 SF retail center completed in 2006 on .83 ac outparcel to Lowe’s shopping center in upper middle-class Kansas City suburbs. 100% NNN leased to Cici’s Pizza, Tips & Toes, Liberty Tax Services and Checksmart. NOI $201K/yr. $2.885M. 7% cap.
8. Shopping Center in Norfolk, VA: 31,448 SF shopping center on 3 ac lot along retail corridor. Adjacent to Walmart Supercenter and Sam’s Club. NNN leased. NOI $335K/yr. $3.9M. 8.60% cap.
9. Retail Center in San Diego, CA: 9630 SF well kept retail center on .84 ac lot. Shadow anchored by Rite Aid and Su Mercado grocery. 100% NNN leased. NOI $218K/yr. $3.465M. 6.32% cap.
10. Family Dental in Green Bay, WI: 5000 SF newly constructed single tenant medical office building in a fast growing area. 10 yrs NNN lease to Family Dental. NOI $100K/yr with 10% rent increases every 5 yrs. $1.43M. 7% cap.