03-04: medical buildings, Retail plaza, Burger King, AutoZone, Mixed Use for sale

1.      Medical Office Building in Sacramento, CA: 24,708 SF medical office building on 2.37 acres lot on campus of Methodist Hospital with easy access to Hwy 99.  100% leased over last 5+ yrs.   NOI $430K/yr. $5.8M. 7.42% cap.

2.      Medical Office building in Las Vegas, NV: 44,258 SF medical office building on 2.38 acres lot next to Desert Springs Hospital.  100% occupied.  NOI $788K/yr. $8.1M. 9.74% cap.  Buyer to assume 71% LTV loan at low 5.1% interest.

3.      Retail Plaza in Chicago, IL: 8261 SF retail center on a corner lot in densely populated are with over 1M residents within 5 miles.  100% NNN leased to 6 tenants.  NOI $124K/yr.  $1.395M. 8.94% cap.

4.      Burger King in Oklahoma, OK: 3400 SF Burger King built in 1984 on .72 ac lot next to Wal-mart in strong income area.  New 20 yrs absolute NNN lease to a franchisee with 23 locations.  NOI $90K/yr. with 1.75% rent bump. $1.163M. 7.75% cap.

5.      Burger King in Tulsa, OK: 3040 SF fast food restaurant built in 2000 on .89 ac lot right off Hwy 169 exit in middle class area in a college town.  New 20 yrs absolute NNN lease to a franchisee with 23 locations.  NOI $100K/yr.  with 1.75% annual rent bump. $1.294M.  7.75% cap.

6.      Office Building in Brentwood, TN: 54,489 SF 3-story office building constructed in 1985 on 2.73 acres lot in affluent (AHI $144K/yr) Nashville suburbs. 100% occupied.  NOI and price not avail.  9% cap.

7.      AutoZone in Odessa, TX: 6446 SF AutoZone store on .71 acre lot.  20 yrs NNN corp lease with 15 yrs remaining.  NOI $60K/yr.  Price reduced to $750K. 7.75% cap.  Recession insensitive tenant.

8.      Shopping plaza in Houston, TX: 18,045 SF shopping center built in 2005 next to West Oak Mall in high growth area.  84% NNN lease and seller will masterlease vacant spaces for 2 yrs.  NOI $294K/yr. $2.946M. 10% cap.

9.      Shopping Center in Folsom, CA: 17,445 SF 10-unit shopping center on 1.45 acres corner lot in wealthy Sacramento suburbs (AHI $106K/yr).  89% leased with 2 small vacant units.  NOI $206K/yr. $2.399M. 8.6% cap.  Just $137/SF.

10.   Mixed Use in Hamden, CT: 14,238 SF 2-story mixed use building with 3 retail tenants on 1^st floor and 8 1BR apartments on 2^nd floor in New Haven.  NOI $100K/yr. $1.29M. 7.79% cap.

© Transmercial 2011.