Friday, May 27, 2011

05-13: Rite Aid, Apartments, Retail Centers, Office Buildings for sale


1.     Rite Aid in Raleigh, NC: 11,529 SF drug store at a signalized corner near Hwy-401. New 15-yrs NNN lease. NOI $261K/yr. $2.99M. 8.75% Cap.
2.     Retail Center in Bay Point, CA: 11,776 SF well-maintained retail center on .86 ac lot near BART station amid Concord and Pittsburg. 100% leased to nine tenants. NOI $180K/yr. $1.5M. 12% Cap.
3.     Multifamily Buildings in Bedford, TX: 152-units Class-B apartment complex next to I-121 in fast growing (26.49%) & well-off (AHI $86K/yr within 3 miles) Fort Worth/Dallas metro. 92% occupied. NOI $632K/yr. $6.8M. 9.30% Cap.
4.     Strip Center in Leander, TX: 5987 SF strip center built in 2009 on .89 ac lot  adjacent to Power Center anchored by Kohl’s & Lowe’s North of Austin. 80% leased. NOI $132K/yr. $1.604M. 8.25% Cap. Upside Potential.
5.     Shopping Center in Denver, CO: 40,000 SF shopping center next to RTD Aurora West Campus Station. 100% NNN leased. NOI $288K/yr. $3.2M. 9% Cap.
6.     Office Building in Ann Arbor, MI: 40,363 SF Class-A office building across from Briarwood Mall with immediate access to I-94/US-23. 94% leased to multiple tenants. NOI $548K/yr. $6.175M. 8.88% Cap.
7.     Shopping Center in Troy, MI: 100,575 SF grocery anchored shopping center at corner lot location with excellent tenant mix: Aldi, ACO Hardware, UPS, Little Caesars and Subway. NOI $728K/yr. $7.745M. 9.4% Cap.
8.     Inline Center in San Antonio, TX: 12,231 SF 4-yrs old retail center across from Home Depot and surrounded by national tenants. 100% leased. NOI $262K/yr. $3.543M. 7.4% Cap.     
© Transmercial 2011.

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