1. Walgreens in Richardson, TX: 13,905 SF drug store built in 1996 at the intersection of 2 major arteries in affluent Dallas suburbs. Easy access to both I-75 and Bush Turnpike. 100% NNN- lease. NOI $243K/yr. Store with strong sales of $9M (revenue est., low 2.7% rent to income which means this is a cash cow for Walgreens) $2.9M. 8.39% cap.
2. Auto Service Center in Corona, CA: 11,681 SF auto service center built in 2009 on 1.26 acres lot next to I-15 exit in fast growing & affluent city (AHI $105K/yr in 1 mile). Anchored by Jiffy Lube and Goodyear each with 20 yrs NNN lease. 100% NNN lease to 5 auto-related tenants. NOI $371K/yr. $4.95M. 7.5% cap.
3. Apartments in Arlington, TX: 54-unit 1BR/1BA apartments built in 1986 on 2 acres lot in Dallas metroplex. ½ block from University of TX with no deferred maintenance. NOI $192K/yr. $2.295M. 8.4% cap.
4. Retail & Medical Building in Birmingham, AL: 62,680 SF retail building constructed in 2007 on 5.27 acres lot in affluent area (AHI $100K/yr). 100% NNN lease to 2 tenants: Gold’s Gym, and Brookwood Medical. NOI $794K/yr. $9.635M. 8.25% cap.
5. Retail Condos in Cupertino, CA: rare 3856 SF 3-unit retail condos on the busy Stevens Creek blvd in affluent Silicon Valley town with AHI $136K/yr. 1 unit leased with 2 units avail. Ideal for owner/user. $1.021M. 90% LTV CBA loan avail.
6. Office Building in Memphis, TN: 18,290 SF professional and medical office building constructed in 2001 on 2.83 acres lot. 67% leased with actual NOI of $132K/yr. $1.35M. 9.8% cap. Just $73/SF! Upside potential when fully leased.
7. Strip Center in Decatur, GA: 30,430 SF established 11-unit shopping center built in 1988 on4.5 acres lot in Atlanta metro. Anchored by 6600 SF AutoZone. 91% leased with just 1 vacant unit. Actual NOI $249K/yr. $2M. 12.49% cap.
8. KinderCare Childcare Center in Indianapolis, IN: 10,310 SF childcare center on 1.43 acres lot in high income area (AHI $85K/yr.) with high demand for childcare services Near I-455 and convenient for parents to pickup/drop off. 100% NNN lease to KinderCare, the largest operator of Child Care in the U.S. Annual Revenue is over $1.6 Billion. NOI $92K/yr. $1.02M. 9% cap.
9. Retail center in Lynbrook, NY: 4900 SF single-tenant retail center on .21 ac lot on busy Sunrise Highway in high income New York metro (AHI $113K/yr in 3 miles). Long term NNN lease. NOI $98K/yr. $895K. 11% cap.
10. Apartments in Lynn, MA: 29-unit apartments with 1 commercial building in NE of Boston suburbs. NOI $166K/yr. $1.85M. 9% cap.
© Transmercial 2011.
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