04-04: Burger King, In Shape Health Club, Rite Aid, Retail Buildings for sale

AHI: Avg. Household Income.  National average is about $50+K/yr.

NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.

NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1. Shopping Center in Romeoville, IL: 57,843 SF Class-A shopping center constructed in 2006 on over 7 acres of land in Chicago suburbs.  Anchored by BoA, Wendy’s, Buffalo Wild Wings and O’Reilly Auto Parts.  92.48% NNN leased by strong mix of national credit/regional/local tenant. NOI $1,066M/yr. $12,975M. 8.22% Cap.
2. Burger King in Lutz, FL: 2589 single tenant retail building outparcel to Publix Anchored Center adjacent to new St. Joseph’s (108 bed hospital) in affluent suburbs of Tampa, FL. NNN corp lease till 2017. NOI $107K/yr. $1,530M. 7.02% Cap.
3. Shopping Center in Round Lake Beach, IL: 28,721 SF well-maintained shopping center conveniently located at signalized intersection along Route-83 in fast growing Chicago metro. 95% leased. NOI $404K/yr. $4.750M. 8.51% Cap.
4. In Shape Health Club in Los Banos, CA: 33,601 single-tenant retail building constructed in 2007 on 2.34 acres of land along main retail corridor in San Joaquin Valley. 100% NNN leased to a 42-unit regional tenant. NOI $451K/yr. $5.160M. 8.75% Cap.
5. Retail Center in Tampa, FL: 13,818 multi-tenant retail center at highly visible location with long-term quality tenants. 100% leased. NOI $150K/yr. $1.599M. 9.40% Cap.
6. Strip Center in Sylmar, CA: 7930 SF mature strip center on .61 acre lot at signalized corner location in densely populated Los Angeles area. 100% leased to five long-term local tenants. NOI $109K/yr. $1.450M. 7.55% Cap.
7. Rite Aid in Fresno, CA: 17,272 SF newly-constructed retail building with drive-thru pharmacy window and ABC license at signalized prime retail location in high income area. 20-years NNN lease. NOI $437K/yr. $5.469M. 8% Cap. Buyer to assume $4.2M at low 5.73% interest rate.    
8. Retail Building in Sacramento, CA: 11,216 SF two-story office/retail building on .76 acre pad with 4 access points at hard corner location. Retail units are fully leased. Office 33% leased. NOI $99K/yr. $1.249M. 8% Cap.  

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