1. O’Reilly Auto in Indianapolis, IN: 7000 SF fully renovated auto parts store on 1.08 ac lot near Castleton Square Mall, I-69 and I-465. 19-yrs remaining on original NNN- lease. NOI $110K/yr with rare 8% rent bumps every 5-yrs. $1.446M. 7.5% Cap.
2. O’Reilly Auto & Dollar Tree in White Lake, MI: 21,600 SF retail center renovated in 2009 on 2.37 ac lot in affluent (AHI $106K/yr within 3-mile radius)) Detroit suburbs. 100% NNN- leased by 2 national tenants. NOI $159K/yr. $1.830M. 8.7% Cap.
3. Walgreen’s in Tucson, AZ: 15,525 SF drug store built in 1996 on 1.96 ac lot at a signalized corner location near Tucson Mall. NNN- corp lease till 2016. NOI $249K/yr. $3.115M. 8% Cap.
4. Shopping Center in Charlotte, NC: 45,908 SF shopping center anchored by Food Lion grocery store at a busy signalized intersection. 100% NNN leased. NOI $324K/yr. $3.504M. 9.25% Cap.
5. Strip Center in Orlando, FL: 9375 SF retail center renovated in 2001 across from Florida Mall which is anchored by Saks Fifth Avenue, Dillard’s, Nordstrom, Macy’s, Sears and JC Penny. 100% leased. NOI and price not avail.
6. Retail Center in Crete, IL: 10,200 SF well maintained retail center at highly visible location in growing prosperous (AHI $101K/yr within 1-mile) Chicago suburbs near I-394. 100% leased. NOI $128K/yr. $1.425M. 9% Cap.
7. Office Building in Lincoln, NE: 41,921 SF Class-B multi-tenant office building on 3.20 ac lot in upscale neighborhood. 89% NNN leased. NOI $410K/yr. $4.750M. 8.65% Actual Cap. Upside Potential.
8. Denny’s in Jacksonville, FL: 5390 SF restaurant on 1.19 ac corner lot location in close proximity to Regency Square Mall next to Hwy-9A. Well performing store (2010 sales $1.873M). Absolute NNN lease till 2027. NOI $159K/yr. $2.123M. 7.5% Cap.
9. Strip Center in Longview, WA: 8484 SF strip center next to Lower Columbia College at hard corner location. 100% leased. NOI $126K/yr. $1.8M. 7% Cap.
© Transmercial 2011.
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