1. Walgreens in Kalamazoo, MI: 13,000 SF drug store on 1.44 acres corner lot with Hwy 43 frontage in a college town. 100% NNN lease with 15 yrs remaining. NOI $159K/yr. $2.128M. 7.5% cap.
2. Walgreens in Clarkston, MI: 13,905 SF drug store built in 2000 on 2.62 acres corner lot in affluent Detroit suburbs (AHI $103K/yr in 1 mile). 20 yrs NNN- with 9.5 yrs remaining. NOI $424K/yr. Store with strong sales of over $7M/yr. $5.079M. 8.35% cap.
3. Pizza Hut in Ithaca, NY: 3003 SF restaurant on 1.29 acres outparcel to a shopping center next to hwy 13 exit in high income area (AHI $87K/yr). 100% NNN lease with 6 yrs remaining to an operator with 68 Pizza Huts and 38 Burger Kings. NOI $62K/yr with 15% rent bump in 2012. $885K. 7% cap.
4. Shopping Center in Stockbridge, GA: 28,800 SF shopping center built in 2002 on 2 acres lot in growing middle class Atlanta metro. 64% leased. Current NOI $162K/yr. $2M. 8.14% cap. Just less than $70/SF. Strong upside when fully leased.
5. Shopping center in Lubbock, TX: 19,520 SF 10-unit mature retail center on 2 ac lot with loop 289 frontage. 95% leased with1 small vacant unit. NOI $181K/yr. $1.775M. 10.16% cap.
6. Strip Center in Port Saint Lucie, FL: 8140 SF strip center the busy Port St Lucie blvd. in a fast growing coastal town. $NOI $158K/yr. $1.75M. 9.1% cap.
7. Advance Auto in Bellingham, MA: 7000 SF auto parts store built in 2008 in Boston metro. 15 yrs NN corp lease. NOI $163K/yr. $2.2M. 7.4% cap.
8. Food Lion Supermarket in Charlotte, NC: 33,000 SF Food Lion well-maintained supermarket as the anchored tenant in a shopping center at a corner lot in growing Charlotte. Tenant has been here for over 30 yrs. Store with growing and over $7M in sales. 100% absolute NNN lease with 3 yrs remaining in 5 yrs option. NOI $98K/yr. $1.23M. 8% cap.
© Transmercial 2011.
No comments:
Post a Comment