06-09: Medical Office Building, Apartments, Check E. Cheese, CVS, Shopping centers, Mixed use, Office Building,

1.       Medical Office Building in Keller, TX: 3560 SF 3-yrs old single-tenant build to suit class-A dental office building in affluent Dallas suburbs (AHI $126K/yr).  20 yrs NNN- lease.  NOI $94K/yr with CPI rent increases every 3 yrs.  $1.05M. 8.95% cap.

2.       Apartments in Winston Salem, NC: 294-unit apartments in nine 3-story buildings on 16 acres lot in a stable area.  93% occupied.  NOI $700K/yr. $9.25M. 7.57% cap.

3.       Shopping Center in Sparks, NV: 116,171 SF neighborhood center on 12.9 acres lot at a major signalized intersection in high growth, high income Reno metro. Anchored by Scolari's Food and Drug, a regional tenant with 16 locations in CA and NV.  91% leased.  NOI $1.599M. $19.5M. 8.2% cap.

4.       Chuck E. Cheese’s in Indianapolis, IN: 12,820 SF well-maintained Chuck E. Cheese near I-465 and Castleton Square Mall in high income area.  10 yrs absolute NNN corp lease with 7 yrs remaining.  Tenant has been here since 1988.   NOI $157K/yr. with 5% rent bump in 2013. $1.962M. 8% cap.

5.       Retail center in Knoxville, TN: 20,496 SF retail center built in 1996 on 2.5 acres lot in a growing middle class area.  20 yrs NNN- lease from 1996 to 2 national tenants: CVS (has drive thru), and Advance Auto Parts. Stores with strong sales ($7.29M for CVS).  NOI $248K/yr. $3.1M. 8% cap.

6.       Retail center in Omaha, NE: 23,954 SF retail center built in 2004 on over 2 ac lot in affluent area (AHI $98K/yr in 1 mile).  100% NNN leased.  NOI $333K/yr.  $3.65M. 9.13% cap.  Buyer to assume $3.12M loan at 5.75% interest (just 12% down payment needed).

7.       Mixed Use in Hamden, CT: 13,920 SF mixed use property built in 1991 in New Haven metro.  Property consists of : 7500 SF retail on fist floor, 100% leased to 3 tenants, and eight 1BR apartments on 2^nd floor.  95% occupied.  NOI $96K/yr. $1.175M. 8.25% cap.

8.       CVS Pharmacy in Baytown, TX: 11,200 SF drug store in Houston suburbs.  20 yrs NNN- till 2016.  NOI $220K/yr with rare rent bump of $5280 every 5 yrs.  Store with $4.28M in sales (Low rent to sales ratios of 5.1%, i.e. very likely to be profitable location). $2.3M. 9.56% cap.

9.       Family Dollar in Tampa, FL: 8000 SF Family Dollar store under construction on .86 ac lot.  10 yrs NNN- corp lease.  NOI $167K/yr with rare rent bump in yr 6.  $2.096M. 8% cap.

10.   Office Building in Cary, NC: 27,150 SF class A office building on 2.18 acres parcel in growing & affluent Raleigh suburbs (AHI $94K/yr in 3 miles).  90% occupied.  NOI $280K/yr. $3.4M. 8.25% cap.

© Transmercial 2011.