1. Kublai Kahn Restaurant in Austin, TX: 3689 SF Mongolian Restaurant built in 2004 outparcel to power center anchored by Super Target, Office Max, Best Buy, Toys ‘R’ Us, Ross and Hobby Lobby . Excellent visibility from I-35. Long NNN lease till 2021. NOI $73K/yr with a rent increase in 2017. $970K. 7.6% cap.
2. Rite Aid in Douglasville, GA: 11,275 SF newly constructed pharmacy on 1.92 ac lot along Hwy-5 in Atlanta metro. Well-performing store with over $10M in sales revenue. 20-year absolute NNN corp lease. NOI $270K/yr with 10% rent increases every 10-yrs. $2.95M. 9.16% cap.
3. Medical Office Building in Joliet, IL: 12,070 SF 5-yrs old medical building on 1.50 ac lot with strong/long term tenants in Chicago metro. 100% NNN leased. NOI $236K/yr. $2.41M. 10.25% cap.
4. Retail Center in Phoenix, AZ: 10,080 SF retail center built in 1999 on 1.35 ac lot at a signalized corner location next to I-17. With excellent tenant mix: FedEx Kinko’s, George’s Famous Gyros and Pizza Hut. 100% NNN leased. NOI $201K/yr. $2.7M. 9.75% cap.
5. Strip Center in Bakersfield, CA: 7450 SF well-maintained strip center shadow-anchored by Albertsons and DD’s and close to Hwy-178. 100% NNN leased. NOI $172K/yr. $2.25M. 7.66% cap.
6. Office Building in Littleton, CO: 20,034 SF two-story attractive multi-tenant office building constructed in 2002 on 1.1 ac lot in growing & affluent Denver’s suburbs (AHI $96K/yr). 100% leased. NOI $274K/yr. $3.425M. 8.02% cap.
7. Office Buildings in Fresno, CA: 8818 SF newly constructed office building on .9 ac lot close to St. Agnes Medical Center and in high income area. 100% NNN leased. NOI $176K/yr. $2.2M. 8% cap.
© Transmercial 2011
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