1. Strip Center in Porterville, CA: 3620 SF 4-yrs old retail center on .4 ac lot at the intersection of 2 major arteries in San Joaquin Valley. 100% NNN leased to 3 national tenants: Starbucks, Jackson Hewitt Tax Service, and Subway. NOI $122K/yr. $1.66M. 7.4% cap.
2. Starbucks in Clarksville, TN: 1850 SF Starbucks built in 2006 on .93 ac lot across Wal-Mart Superstore, K-Mart, Food Lion. 100% NNN- till 2016. NOI $83K with 10% rent bump in Oct 2011. $1.005M. 9.1% cap in Oct 2011.
3. Office Depot in Rohnert park, CA: 15,384 SF Office Depot just off Hwy 101 exit in a middle class area. 15 yrs NNN with 8 yrs remaining. NOI $341K/yr. $4.75M. 7.19% cap.
4. Family Dollar in Auburndale, FL: 9180 SF Family Dollar store on 1.1 acres lot. 10 yrs NNN- lease. NOI $137K/yr. $1.615M. 8.5% cap.
5. Del Taco in Lone Tree, CO: 2314 SF Del Taco restaurants (with 500+ locations in US) on .6 ac lot near hwy 470 exit in upper middle class Denver suburbs (AHI $111K/yr). 20 yrs NNN lease to an operator with 7 locations. NOI $150K/yr with 10% rent bump every 5 yrs. $2M. 7.5% cap.
6. KinderCare in Santa Clara, CA: 9840 SF KinderCare childcare center on 1.07 acres lot in the heart of densely-populated and wealthy Silicon Valley (AHI $113K/yr with 525K residents in 5 miles). Easy access to Lawrence Exp. 100% NNN corp lease. NOI $182K/yr. $2.6M.
7. Shopping Center in Lakewood, CO: 10,200 SF retail center built in 2006 on 1.93 acres corner lot in Denver metro. 100% NNN leased to 4 good tenants: FedEx, Pizza Hut, Quizno’s, and Brother’s BBQ. NOI $224K/yr. $2.75M. Buyer to assume $2+M at 6.18% interest.
8. DaVita Dialysis in Poinciana, FL: brand new 14,000 SF dialysis center next to Wal-Mart in a fast growing city (164% since 2000) South of Orlando. 15 yrs NNN lease to a national healthcare provider. NOI $121K/yr. $1.567M. 7.75% cap.
© Transmercial 2011.
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