1. Single-tenant Retail in San Antonio, TX: 5000 SF single tenant retail center on .53 ac lot to be completed in 2/2011. 10 yrs NNN lease to Cash America. NOI $87K/yr. $1.164M. 7.5% cap.
2. Family Dollar in Philadelphia, PA: 9500 SF Family Dollar store in a densely-populated area with 800K residents in 5 miles ring. 10 yrs NN lease with 5 yrs remaining. NOI $75K/yr. $795K. 9.5% cap. Recession resistant tenant.
3. REO Office Building in Indianapolis, IN: 31,055 SF modern class-A office building on a major artery close to I-465 in high income area. Short distance to 130-store Castleton Square Mall, the largest mall in Indiana. 72% leased. Current NOI $214K/yr. $3M. 7.12% cap. Less than $100/SF! Strong upside potential.
4. Office Building in Sunrise, FL: 9180 SF class-A office building in a wealthy For Lauderdale metro. 100% leased to a national tenant. NOI $148K/yr. $1.65M. 9% cap.
5. Rite Aid in Methuen, MA: 13,227 SF drug store on 2.63 acre just off the Fwy. High income (AHI $81K/yr) Boston suburbs. Store with strong sales of over $8.25M, i.e. very profitable. New 20 yrs NNN lease. NOI $324K/yr with 10% rent bump every 10 yrs. $3.797M. 8.55% cap.
6. Strip Center in Lakewood, CO: 10,200 SF strip mall built in 2006 on 1.93 acres lot at the signalized intersection in Denver metro. Strong retail trade area with Super WalMart, PetsMart, Whole Foods, King Soopers, Dick' s Sporting Goods, Target and Nordstrom Rack. 100% NNN leased to 4 good national/regional tenants: FedEx Office, Pizza Hut, Quizno's and Brothers BBQ. NOI $224K/yr. Price reduced from $2.99M to $2.75M. 8.25% cap.
7. Best Buy in Roanoke, VA: 45,000 SF big box retail center next to 800,000 SF Valley View Mall. 20 yrs NNN corp lease with 10 yrs remaining. NOI $519K/yr. $6.487M. 8% cap. Buyer to assume non-recourse loan.
© Transmercial 2010. All rights reserved.
No comments:
Post a Comment