- Pizza Hut in Warwick, RI: 2751 SF restaurant on .6 ac lot in middle class town. New 15 yrs NNN lease at closing to a franchisee with 22 stores. NOI $50K/yr with 10% rent increase every 5 yrs. $714K. 7% cap. Store with strong sales revenue of almost $1M/yr. (low rent to income ratio of 5%) Ideal for 1st time investor.
- Family Dollar Store in North Richland Hills, TX: 8000 SF new Family Dollar store in fast growing & middle class Dallas metro. New 10 yrs NNN- lease. NOI $109K/yr. $1.367M. 8% cap.
- Best Buy in Visalia, CA: 30,000 SF Best Buy built in 2003 as part of a regional shopping center anchored by Target, Lowes, Petsmart and Sport Chalet in fast growing & high income city in Central CA. 15 yrs NNN lease with 7 yrs left. NOI $459K/yr with 7% rent bump every 5 yrs. $6.557M. 7% cap.
- Just Brakes in Stockbridge, GA: 1800 SF auto repair center on .47 ac lot on a major artery in Atlanta metro. 100% NNN leased to Just Brakes, a regional tenant with 160 stores. NOI $80K/yr. $875K. 9.22% cap.
- John Deere Dealer in Dacula, GA: 19,696 SF retail center built in 2006 on 2.94 acres lot in fast growing and high income North Atlanta suburbs. 10 yrs NNN- with 5 yrs left to Green South Equipment, a 37 yrs old John Deere dealer company with 13 locations in GA, FL and SC. NOI $162K/yr. with 2% annual rent bump. $1.625M. 10% cap.
- Phoenix Children’s Academy in Surprise, AZ: 10,200 SF childcare center built in 2009 on 1.5 acres in booming Phoenix suburbs (293% since 2000). 10 yrs NNN lease till 2016 with guaranty by Mini-Skool, a regional tenant with 100 centers. $2.531M. 9.25% cap.
© Transmercial 2011
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