NOI: Net Oper income
AHI: Avg. household Income.
- Strip mall in Romeoville, IL: 11,167 SF strip center built in 2004 on 1.44 acres parcel in an Chicago suburbs growth (pop increased 95% since 2000). High income area. Good visibility and 3 points of access to the center. 100% leased by 5 tenants. NOI $171K/yr. $1.9M. 9% cap.
- Shopping Center in San Jose, CA: 32,253 SF 3-building retail center on 3 acre corner lot on Santa Theresa Blvd. at Snell in an area with AHI over $115K/yr. 100% leased by 16 tenants. NOI $536K/yr. Price reduced from $8.5M to $8.15M. 6.6% cap.
- KFC in Fort Oglethorpe, GA: 2750 SF restaurant on .58 acre lot. New 20 yrs absolute NNN lease from a franchisee with 200+ locations. NOI $108K/yr. $1.311M. 8.25% cap. Store with strong sales volume of over $1.4M/yr.
- Single tenant retail store in Mesquite, TX: 10,817 SF retail building constructed in 2004 on 1.24 acres pad site to The Marketplace at Towne Centre, a 425,925-square foot power center with Home Depot, Kohl' s, Ross, PetSmart, Michael' s and numerous others in Dallas metro. 10 yrs NNN lease by Lifeway Christian Store with 3 yrs left. NOI $258K/yr. with 10% rent bump every 5 yrs. Price reduced from 2.152M to $1.722M. 15% cap!
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