1. CVS in Chattanooga, TN: 10,650 SF well performing drug store built in 1996 on 1.11 ac lot next to Food Lion Grocery. NOI $149K/yr. $1.8M. 8.31% Cap.
2. Shopping Center in Jonesboro, GA: 66,690 SF shopping center on major passage in fast growing Atlanta suburbs. Anchored by Family Dollar. NOI $288K/yr. $2.750M. 10.50% Cap. Upside potential when 9,450 SF unit is leased.
3. Rite Aid in San Diego, CA: 17,500 SF retail building in densely populated area near I-5/94/805. Absolute NNN corp lease till 2015. NOI $99K/yr. $1.327M. 7.51% Cap.
4. Medical Office Building in Meridian, ID: 5970 Class-A newly constructed medical office building in Boise suburbs. 100% occupied by Howmedica Osteonics Corp, a national orthopaedic company. NOI $65K/yr. $800K. 8.16% Cap.
5. Strip Center in Phoenix, AZ: 10,080 SF multi-tenant strip center built in 1999 on 1.35 ac lot. 100% NNN leased to 3-tenants. NOI $202K/yr. $2.70M. 9.8% Cap.
6. Black Bear Diner in Gilbert, AZ: 5100 SF restaurant on an outparcel to Fry’s Food & Drug center at hard corner lot location close to Fwy-60. NNN corp lease to Black Bear Diner, a restaurant chain with locations in 8 states. NOI $140K/yr. $1.810M. 7.75% Cap.
7. Shopping Center in Hayward, CA: 52,917 newly constructed shopping center anchored by 12-screen Century Theatres close to Bart-Hayward Station. 81% leased. NOI $700K/yr. $7.5M. 9.34% pro forma cap.
8. Retail Center in Prospect, CT: 12,300 SF retail/office center on .90 ac lot along busy road in upper middle-class Hartford suburbs. 90% leased. NOI $66K/yr. $799K. 8.3% Cap.
9. Retail Center in Everett, WA: 5472 SF attractive retail center across from Fred Meyer in close proximity to Fwy-526. 100% leased. NOI $194K/yr. $2.425M. 8% Cap.
10. Strip Center in Naples, FL: 9205 SF strip center built in 2006 on .80 ac lot across from The Mercato. 84% leased. NOI $156K/yr. $1.950M. 8% Cap.
© Transmercial 2011.
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