Wednesday, June 16, 2010

Top 7 Properties 06-02-10

  1.  Shopping center in The Colony, TX: 32,617 SF 21-unit shopping center shadow anchored by Kroger Supermarket at the intersection of 8-lane roads in affluent Dallas suburbs with AHI over $130K/yr within 5 miles ring.  Renovated in 2009.  89% NNN leased.  Actual NOI $375K/yr. $4.047M. 9.28% cap. 
  2. Pier 1 Imports in Birmingham, AL: 8991 SF single-tenant retail center built in 1996 on .9 acres outparcel to a large shopping center anchored by Kohl’s just off US-280 in a affluent area (AHI over $107K/yr).  100% NNN corp leased till 2016.  NOI $143K/yr. $1.597M. 9% cap. 
  3. Arby’s in  Peoria, AZ: 3100 SF fast food restaurant built in 2001 on .7 ac pad site to Home Depot and Sears with easy access to Fwy 101.  100% absolute NNN corp lease with 12 yrs remaining. NOI $132K/yr with annual rent bump. $1.7M. 7.8% cap. 
  4. Walgreens in Green Bay, WI: 14,820 SF 2-yrs old drug store on 1.8 acres corner lot with 3 access points in a fast growing middle class area.  Across from Target.  25 yrs NNN lease.  NOI $365K/yr. $4.935M. 7.4% cap. 
  5. Strip Mall in De Pere, WI: 5862 SF strip mall near hwy 41 in middle-class Green Bay metro.  100% NNN leased by 2 national credit tenants: Starbucks, FedEx Kinko, US Cellular, and EZ Payday Loans.  NOI $166K/yr. $2.084M. 8% cap. 
  6. Walgreens in Northglenn, CO: 14,490 SF drug store built in 2001 on 1.29 acres corner lot across from Target Supercenter & Albertsons Supermarket near I-25 exit in Denver metro. 100% NNN lease.  Store with strong sales.  NOI $391K/yr.  $5.2M.  7.5% cap.  Buyer to assume $4.04M loan at low 6.03% fixed rate till 2017. 
  7. Apartments in Glendale, AZ: 144-unit apartments complex constructed in 1984 on over 6 acres lot in Phoenix metro.  Amenities include swimming pool, heated spa, covered parking, BBQ, central courtyard and access gate. Profoma NOI $322K/yr.  $4M.  8% cap.  Just less than $28K/unit.
© Transmercial 2010.  All rights reserved.

No comments:

Post a Comment