1. Walgreens in Kennesaw, GA: 13,600 SF drug store built in 2004 on 1.5 acres corner lot in wealthy Atlanta suburbs (AHI $111K/yr in 1 mile). 100% NNN leased till 2029. NOI $314K/yr. $4.55M. 6.9% cap. Buyer to assume $3.51M non-recourse loan at 5.68% fixed rate till 2017.
2. Shopping center in Orlando, FL: 50,200 SF 1-yr old shopping center on 5.4 acres lot in a fast growing area. Anchored by 30,000 SF Gregg Appliances (NYSE: HGG), a regional appliance & electronics retailer with 139 stores in 15 states. Shadow anchored by Wal-mart and Sam’s Club. 72% leased. NOI $794K/yr. $9.35M. 8.5% cap.
3. Retail Center in Duluth, GA: 18,820 SF retail center built in 2004 on 1.8 acres corner lot next to I-85 exit. High income North East Atlanta suburbs. 100% NNN leased to 10 tenants. NOI $277K/yr. $2.766M. 10% cap.
4. Fresenius Dialysis Center in Chicago, IL: 7540 SF dialysis center built in 2009 on .42 acre lot in densely-populated area. 100% NNN- corp lease with 8 yrs remaining. NOI $174K/yr. $2.411M. 7.25% cap.
5. Taco Bell in Fort Pierce, FL: 2163 SF restaurant built in 1990 on .9 acre. 20 yrs NNN lease with 15 yrs remaining. NOI $126K/yr. with 8% rent bump every 5 yrs. $1.535M. 8.25% cap.
6. Strip Center in Las Vegas, NV: 6000 SF strip center on .96 acre lot on busy Las Vegas Blvd. 75% leased. NOI $89K/yr. $999K. 8% cap.
No comments:
Post a Comment