1. Grocery store in Salem, OR: 21,000 SF grocery store on 2 acres lot in underserved grocery market. 100% NNN long term lease. NOI $153K/yr. $1.92M. 8% cap.
2. Applebee’s in Springfield, IL: 4997 SF restaurant built in 2004. New 19 yrs NNN lease to an operator with 19 Applebee’s. NOI $135K/yr with 1.25% annual rent bump. $1.635M. 8.26% cap.
3. Retail Center in Columbia, SC: 10,601 SF upscale retail center in fast growing upper middle class area. 100% NNN leased to 5 tenants. NOI $171K/yr. $2.14M. 8% cap.
4. Shopping Center in Albuquerque, NM: 22,944 SF shopping center on 1.92 acres lot. 100% leased to Family Dollar, Rent-A-Center, Titan Auto, and Bella Clothing with very low avg rent of $7.51/SF/yr. NOI $165K/yr. $2.062M. 8% cap.
5. Office building in San Jose, CA: 7347 SF single-tenant office building on .79 acre lot on busy Winchester blvd. in high income area. 100% NNN leased. NOI $149K/yr. $2.125M. 7% cap.
6. Retail Center in Vallejo, CA: 3456 SF single-tenant retail center on ½ acre lot. 100% NNN leased to Access Dental, a regional tenant with 15 locations. NOI $56K/yr. Just $775K. 7.22% cap. Upside potential as rent is below market.
7. Strip Center in Edinburg, TX: 8338 SF strip center on .95 acre lot in a fast growing McAllen metro (53% since 2000). 100% NNN leased. NOI $76K/yr. $850K. 9% cap.
© Transmercial 2011.
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