1. Shopping Center in Memphis, TN: 47,290 SF shopping center on 4.08 ac lot close to Eastgate Shopping Center anchored by Bed Bath & Beyond, TJ Max and Burlington. 89% leased. NOI $507K/yr. $5.7M. 8.9% Cap. Upside Potential.
2. Walgreen’s Portfolio in Three States: $13.719M. NNN leases. 7.5% Cap. Buyer to assume non-recourse financing at 5.49%-5.68% interest.
· Hilltop MN: 13,650 SF building constructed in 2002 on 1.36 ac lot along main retail corridor in Minneapolis metro. Leased till 2027.
· Albuquerque, NM: 14,550 SF 6-years old building on 1.67 ac lot across from Wal-Mart at a corner location. Leased till 2030.
· Kennesaw, GA: 13,600 SF drug-store built in 2004 on 1.5 ac lot close to Hwy-575 in fast growing Atlanta suburbs. Leased till 2029.
3. Shopping Center in Oklahoma City, OK: 66,805 newly constructed shopping center on 9.48 ac lot anchored by Gold’s Gym at prime retail corridor. 100% NNN leased. NOI $791K/yr. $9.45M. 8.75% Cap.
4. Shopping Center in Lisle, IL: 40,650 SF well-maintained shopping center near Metro Station/City Hall and Tollway-88 in Chicago metro. 100% leased by established tenants. NOI $379K/yr. $3.795M. 10.01% Cap.
5. Medical/Professional Complex in Orlando, FL: 37,362 SF Class-B multi-tenant building along main Blvd. 96% leased. NOI $355K/yr. $3.7M. 9.6% Cap.
6. Shopping Center in Country Club Hills, IL: 12,700 SF shopping center at a signalized corner location in Chicago suburbs. NNN leased by long time tenants. NOI $148K/yr. $1.750M. 8.50% Cap.
© Transmercial 2011.
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