1. Shopping Center in Baytown, TX: 30,600 SF shopping center built in 2007 on 4.86 acres lot in Houston suburbs. Anchored by Dollar Tree and surrounded by National retailers such as Lowes, Wal-mart, Home Depot, Hobby Lobby. 93% NNN leased. NOI $450K/yr. $5.3M. 8.5% cap.
2. La Petite Academy in Lancaster, CA: 6635 SF childcare center built in 1986 on 1.06 ac parcel in Los Angeles. 100% leased to La Petite Academy, a national childcare provider.
3. Jack in the Box in El Sobrante, CA: 2418 SF restaurant .4 ac lot in San Fran Bay Area. 100% absolute NNN leased till 2022. NOI $86K/yr with CPI-based rent bump not to exceed 8% every 5 yrs. $1.389M. 6.25% cap.
4. Apartments in Stone Mountain, GA: 144-unit REO apartments on 14 acres lot across from Wade Walker county park in middle class Atlanta metro.93% occupied. NOI $396K/yr. $4.3M. 9.21% cap.
5. Shopping Center in Fort Worth, TX: 28,344 SF shopping center built in 2005 on 4.74 acres lot next to Walmart. 90% NNN leased 9 tenants with 1 avail unit. NOI $444K/yr. $5.3M. 8.38% cap.
6. Wedding Facilities in Denver, CO: 2 special purpose buildings designed for wedding receptions, private parties with combined 16,016 SF. 15 yrs absolute NNN lease to Crystal Rose with 5 locations in Denver. NOI $285K/yr with 2% annual rent bump. $3.2M. 8.91% cap. This is a sale and lease back.
7. Shopping Center in Aurora, CO: 34,463 SF mature shopping center on 3.9 acres lot in Denver metro. 100% NNN leased to 21 tenants. NOI $388K/yr with low average base rent less than $1/SF/month (this means tenants are likely to stay and upside potential). $4.89M. 8.32% cap.
8. PNC Bank in Milwaukee, WI: 1800 SF newly renovated PNC Bank (A+ S&P rating and $17B in revenue) building on .38 ac corner lot in front of Aldi grocery and across from Walmart, Big Lots! and Office Depot. 10 yrs NNN- lease. NOI $113K/yr. $1.607M. 7% cap.
© Transmercial 2011.
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