help deciding on a retail property
I am trying to decide on which one of a number of properties is a good deal with the highest return. They are retail. The first is a shopping plaza at $7M with a 9% cap rate, the largest shop has a 15 year lease, however the taxes for the property is very high. The second is a drugstore and dollar store at $8.5M and a 8% cap rate, the drugstore has 10 years left on its lease and the dollar store option is over next year. Lastly is a car dealership at 7M with a cap rate of 8%, however it is a 7 year lease with several 5 year options. If you need more detail, just let me know. I know I'm being vague, but right off the bat which one appears to be the best deal.