1. Shopping Center in Wichita, KS: 20,008 SF shopping center consisting of 2 buildings on 1.89 ac lot near I-35. 100% NNN leased to 12-tenants. NOI $213K/yr. $2.305M. 9.25% Cap.
2. Medical Office in Charleston, SC: 10,954 SF single-tenant Class-A medical building close to St. Francis Hospital and I-526. NNN leased with 5-years left on lease. NOI $200K/yr. $2.5M. 8% Cap.
3. O’Reilly Auto Parts in Rapid City, SD: 6989 SF retail building constructed in 2000 in growing middle-class area. 100% absolute NNN lease till 2021with CPI rent increases every 5 yrs. NOI $103K/yr. $1.336M. 7.75% Cap.
4. Office Building in Pacheco, CA: 20,504 SF 2-story office building completed in 1980 on 1.31 acres lot in middle-class Concord/Pleasant Hill (20 miles NE of San Fran). 70% occupied. Current NOI $197K/yr. Price reduced to $2.45M. 8% cap. Upside potential when 100% leased.
5. Retail Building in San Diego, CA: 13,120 SF recently renovated multi-tenant retail/office building across from Sail Ho Golf Club in densely populated & high income (AHI $95K/yr) area. 100% leased. NOI $132K/yr. $1.895M. 7% Cap.
6. Retail Center in Warrenton, MO: 16,200 SF 6-yrs old retail center on 2.81 ac lot with drive-up ATM. Across from Wal-Mart near I-70 about 30 miles West of St. Louis. 100% leased to 7 tenants. NOI $225K/yr. $2.375M. 9.49% Cap.
7. Walgreen’s in Orlando, FL: 15,930 SF drug store built in 1996 on 1.40 ac lot at hard corner location. 100% NNN leased with 5 yrs left on primary term. NOI $273K/yr. $3.55M. 7.7% Cap.
8. Medical Building in Winston Salem, NC: 10,248 SF medical building constructed in 2008 at main thoroughfare. 83% NNN leased to an Urgent Care Center and Optician. NOI $161K/yr. $1.6M. 9.6% Cap. Upside potential when 1738 SF unit is leased.
© Transmercial 2011.
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