Tuesday, November 1, 2011

10-18:Olive Garden, Jiffy Lube, Petco, Apartments, Office Complex


  1. Olive Garden in Colorado Springs, CO: Olive Garden restaurant on 1.78 acres parcel next to Chapel Hills Mall in high income area. 100% absolute NNN corp ground lease (land is for sale).  Tenant has been here for 20 yrs and just exercised 5 yrs option.  NOI $70K/yr.  $950K. 7.42% cap. 
  2. Jiffy Lube in Colorado Springs, CO: 1460 SF 3-bay Jiffy Lube on .41 ac corner at a major intersection.  Renovated in 2010.  100% absolute NNN leased till 2026 to an operator with 54 locations.  NOI $111K/yr with 7.73% rent bump every 5 yrs.  $1.48M. 7.5% cap. 
  3. Shopping Center in Fair Oaks, CA: 24,000 SF 12-unit well-maintained center on 3 ac lot at main thoroughfare and close to Hwy-50 in Sacramento suburbs. Excellent demographics: AHI $109K/yr. 86% NNN leased. Pro forma NOI $587K/yr.  $7.25M. 8.10% cap. 
  4. Shopping Center in Houston, TX: 55,847 SF shopping center anchored by Family Dollar at a corner location near Westpark Tollway. 97% leased with great tenant mix. NOI $443K/yr.  $5.5M. 8.06% cap.  
  5. Retail center in Deer Park, TX: 14,030 SF retail center on 1.33 ac lot in high income (AHI $81K/yr in 1 mile) Houston metro. 100% NNN leased to six tenants. NOI $194K/yr. $2.94M. 9.30% cap. 
  6. Petco in Redding, CA: 18,310 SF single-tenant retail center built in 1996 on 1.76 ac lot across from Mt Shasta Mall and next to I-5/Hwy-44 in Northern CA. 100% NNN- corp lease till 2017. NOI $226K/yr. $2.99M. 7.58% cap. 
  7. Office Complex in Denton, TX: 27,576 SF Class-B multi-tenant office complex on 3.09 ac lot close to Denton Regional Medical Center and I-35E. 93% leased to stable tenants. NOI $332K/yr. $4.1M. 8.11% Proforma cap. 
  8. Apartments in Pasadena, TX: 208-units multifamily buildings on 9.77 ac lot in Houston metro. Amenities include: two pools, four laundry rooms, a playground, and a basketball court. 94% Occupied. NOI $570K/yr. $6M. 9.51% cap. 
  9. Retail Center in Green Bay, WI: 9602 SF 2-tenant retail center built in 2006 on 1.50 ac lot at a main signalized corner location. 100% NNN leased to Advance Auto Parts (till 2021) and Aurora Pharmacy, a regional tenant. NOI $169K/yr. $1.953M. 8.70% cap. 
  10. Shopping Center in Miami, FL: 54,000 SF L-shaped shopping center next to new AutoZone at a corner location. 100% leased. NOI $719K/yr. $8.99M. 8% cap.

© Transmercial 2011
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)