Tuesday, November 29, 2011

11-11: Neighborhood center, Apartments, Dollar General, Burger King


  1. Neighborhood Center in Kansas City, MO: 143,171 SF shopping well maintained & established grocery store anchored shopping center close to I-435 in fast growing & affluent (AHI $102K/yr within 3-miles) South of Kansas City. 93% NNN leased. NOI $786K/yr. $8.279K. 9.5% cap. Just $53/SF! 
  2. Shopping Center in Desoto, TX: 89,380 SF shopping center on 7.54 acres lot in Dallas metro. Tenants include Big Lots!, dd Discount, Family Dollar, Citi Trend.  Across from Tom Thurmb grocery anchored center. 82% leased. NOI $384K/yr. $4.3M. 8.94% cap. 
  3. Apartments in Hayward, CA: 23-units two-story well-managed multifamily building on .74 ac lot Silicon Valley.  Next to BART Station.  100% Occupied. $2.795M. 7.63% cap. 
  4. Retail Center in Hollywood, FL: 15,746 mature retail center close to Memorial Hospital Pembroke and Hwy-817. In densely populated North Miami metro. 100% leased. NOI $173K/yr. $2.99M. 8% cap. 
  5. Dollar General in Acworth, GA: 9375 SF recently remodeled retail building on 1.40 ac lot adjacent to Advance Auto Parts. Near Hwy-92 and in fast growing Atlanta suburbs. NNN- leased till 2019. NOI $80K/yr. $932K. 8.65% cap. 
  6. Strip Center in Austin, TX: 9750 SF newly constructed retail/medical center adjacent to 24-Hour Fitness and next to I-35. Surrounded by national tenants such as: Wal-Mart, Best Buy, HEB, Petco, and Lowes. 100% leased. NOI $264K/yr. $3.11M. 8.5% cap. 
  7. Burger King in Oshkosh, WI: 3664 SF soon to be remodeled restaurant near University of Wisconsin Oshkosh. New 20-year NNN lease to a very experienced franchisee. NOI $115K/yr with 7.5% rent increases every 5-yrs. $1.586M. 7.25% cap.  $325,000 to be held in escrow for remodeling after closing.
© Transmercial 2011.

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