Thursday, September 30, 2010

10-16: Autozone, Jiffy Lube, Dollar Tree, Shopping Centers For Sale

  1. AutoZone in Madera, CA: 6786 SF recently constructed retail building on 1.76 acres of parcel at signalized intersection just off to Hwy-99 exit. Long NNN corp lease. NOI $148K/yr. $2.325M. 6.4% Cap.
  2. Jiffy Lube in Austin, TX: 4073 SF single-tenant retail building built in 2003 along busy retail corridor. Long absolute NNN lease. 10% increases every 5-years. Occupied by largest Jiffy Lube franchisee with 400 locations. NOI $116K/yr. $1.414M. 8.25% Cap.
  3. Shopping Center in Irving, TX: 32,500 SF recently improved shopping center on 2.32 acres of land at densely populated city. 100% NNN leased by 10-tenants. NOI $210K/yr. $2.1M. 10% Cap.
  4. Shopping Center in Garland, TX: 85,410 SF well-maintained shopping center constructed in 1997 in Dallas metro.  Anchored by Safeway grocery store with excellent tenant mix: Nail Salon, CafĂ©, H&R Block, Cleaners, Beauty Supply, Credit Union, and Sport Cuts. 92% NNN leased. NOI $702K/yr. $7.650M. 9.18% Cap.
  5. Dollar Tree in Forest Park, IL: 15,000 SF free standing retail building renovated in 2008. Across from Wal-Mart at hard corner location in Chicago metro. 100% NNN corp lease. NOI $169K/yr. $1.990M. 8.5% Cap.
  6. Office Building in Brownsburg, IN: 6225 SF office building built in 2008 at high-traffic intersection in fast growing Indianapolis suburbs. Just off I-74 exit.  100% NNN leased with long-term tenants. NOI $140K/yr. $1.4M. 10% Cap.
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