Monday, September 12, 2011

08-26: Jack in the Box, Sonic, REO shopping centers


  1. Jack in the Box in San Antonio, TX: 2760 SF fast food restaurant built in 2001 on .69 ac lot with easy access from two streets. Absolute NNN corporate lease till 2020. NOI $114K/yr with CPI increases. $1.545M. 7.41% Cap. 
  2. Shopping Center in Cincinnati, OH: 24000 SF shopping center constructed in 2003 in Cincinnati suburbs. 100% NNN leased. NOI $297K/yr. $3.5M. 8.5% Cap. Buyer to assume $2.5M at low 5.77% interest.  
  3. Shopping Center in Houston, TX: 28,592 SF well-maintained shopping center on 1.96 ac lot along busy thoroughfare in high income area with AHI of $86K/yr in 1 mile. 96% NNN leased. NOI $246K/yr. $3.017M. 8.17% Cap. 
  4. Sonic in San Antonio, TX: 1208 SF drive-thru restaurant built in 1991 & remodeled in 2006.  Near Crossroads Mall with easy access to I-410/10. 100% absolute NNN corporate lease. NOI $54K/yr. $720K. 7.5% Cap.  
  5. Shopping Center in West Saint Paul, MN: 34,491 SF attractive shopping center close to The Home Depot with excellent regional/national tenant mix. Recent updated façade and roof less than 10-yrs old. 82% NNN leased. NOI $344K/yr. $4.2M. 8.20% Cap.  
  6. Strip Center in Chino Hills, CA: 11,200 SF newly constructed strip center on 1.91 ac lot in affluent city (AHI $103K/yr in 1 mile).  Shadow-anchored by CVS Pharmacy. NOI $169K/yr. $2.85M. 6.4% Proforma Cap.  
  7. Shopping Center in Oklahoma City, OK: 38,944 SF shopping center on over 4 ac lot next to CVS Pharmacy & North Park Mall. $3.526M. NOI/Cap not provided.  Just over $90/SF. 
  8. REO Strip Center in Apollo Beach, FL: 6928 SF recently constructed strip center on 1.02 ac lot along Hwy-41. 70% leased. NOI $74K/yr. $749K. 10% Cap. Upside potential when fully occupied. 
  9. Retail Center in Elburn, IL: 10,439 SF retail center built in 2003 across from Walgreen’s at highly visible location. 75% NNN leased. NOI $174K/yr. $1.5M. 12.60% Cap. 
  10. Shopping Center in Lewisville, TX: 24,162 SF multi-tenant center on 2.86 ac lot close to I-35E in Dallas suburbs. 83% leased to 10-tenants. NOI $227K/yr. $2.84M. 8% Cap.
© Transmercial 2011
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