1. Ryan’s Buffet in Indianapolis, IN: 9601 SF Ryan’s buffet restaurant on an outparcel to a shopping center anchored by Hobby Lobby and Michaels. 20 yrs NNN corp lease till 2027 to Buffets, Inc . (owns Home Town Buffet & County Buffet). Profitable store. NOI $192K/yr. $1.713M. 11.22% cap.
2. Doc’s Liquor Store in Lubbock, TX: 15,376 SF liquor store on 1.59 acres lot next to Loop 289 exit. 20 yrs absolute NNN corp lease from a company with 40+ locations in TX. NOI $391K/yr. with 10% rent bump every 5 yrs. $4.55M. 8.6% cap.
3. Apartments in Brentwood, CA: 14-unit apartments built in 1975 in a fast growing middle class San Fran East Bay area. 100% occupied. NOI $122K/yr. $1.399M. 8.75% cap.
4. Big 5 Sporting Goods in Parker, CO: 11,562 SF single-tenant retail center built in 2008 on 1 acre lot in fast growing (140%) and affluent (AHI $113K/yr in 1 mile) Denver suburbs. 10 yrs NNN corp lease with 7+ yrs remaining. NOI $172K/yr. with 10% rent bump every 5 yrs. $2.2M. 7.83% cap.
5. Shopping Center in Katy, TX: 16,800 SF shopping center on 2.3 acres lot next to Walgreens in affluent Houston suburbs (AHI $135K/yr in 1 mile). 100% NNN leased to 8 diverse tenants. NOI $252K/yr. $2.883M. 8.75% cap.
6. Shopping Center in Douglasville, GA: 76,554 SF mature shopping center on a corner lot in growing Atlanta metro. 97% leased. NOI $384K/yr. $4.275M. 9% cap.
7. Jack In the Box in Tucson, AZ: 2900 SF restaurant on .69 ac outparcel at the entrance of a power center anchored by Target Greatland, Office Max, Bed Bath and Beyond, Ross, Walgreen's, Fry's Food and Drug, and Petco in growing area. 20 yrs NNN lease with 15 yrs remaining. NOI $117K/yr. $1.68M. 7% cap.
© Transmercial 2011.
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