1. El Torito in Fresno, CA: 7790 SF restaurant on .95 acre lot. 100% NNN corp lease with 8 yrs remaining. Store with strong sales of over $1.66M/yr. NOI $126K/yr. $2.1M. 6% cap.
2. Office Building in West Sacramento, CA: 66,200 SF office building on 4.3 acres lot. 100% NNN lease to Test America Labs, a leading company in environment testing (including shale, oil and gas exploration). 100% NNN lease with 16 yrs remaining. NOI $887K/yr. with annual rent bump. $11.095M. 8% cap.
3. Rite Aid in Jewett City, CT: 20,954 SF drug store. New 20 yrs NNN lease. NOI $268K/yr with 10% rent bump every 10 yrs. $3.085M. 8.7% cap.
4. Medical Office Building in Arlington Heights, IL: 18,154 SF medical office building developed in 1991 on 1.38 acres lot in affluent Chicago suburbs (AHI $95K/yr). 100% NNN leased. NOI $412K/yr. $4.25M. 9.7% cap.
5. Wendy’s in Clermont, FL: 3045 SF restaurant on 2/3 ac parcel near the intersection of Hwy 27 & Hwy 50 in Orlando suburbs. New 20 yrs NNN lease. NOI $106K/yr with 8% rent bump every 5 yrs. $1.332M. 8% cap.
6. Comfort Suites in San Jose, CA: 31,000 SF/51 suites full-serviced hotel built in 2001 on First Street. NOI not avail. $4.35M.
7. Medical Office Building in West Covina, CA: 25,836 SF class-A medical office building rehabbed in 2006. Near Westfield West Covina Mall and Easy access to I-10. 100% NNN leased till 2026 to a tenant with $70M in net worth. NOI $785K/yr with 3% annual rent bump starting in 2012. $10M. 7.85% cap.
© 2010 Transmercial.
No comments:
Post a Comment