Friday, November 4, 2011

10-21: Family Dollar, Advance Auto, Medical Office Building, Retail Centers


  1. Family Dollar in Lake City, GA: brand-new 8340 SF retail building adjacent to Clayton State University and close to I-75 in Atlanta suburbs. 10-yr NNN corp lease. NOI $120K/yr. $1.51M. 8% cap.  
  2. Advance Auto Parts in Machesney Park, IL: 6124 SF new Advance auto parts store on .70 ac lot across from The Home Depot, Target, Petsmart and Office Depot in Chicago metro. 15-yr NNN- lease. NOI $110K/yr with rare 10% rent bump in 2021. $1.52M. 7.25% cap.  
  3. Office Building in Desoto, TX: 19,089 SF well-maintained 11-unit office building with excellent visibility and various ingress/egress in fast growing Dallas suburbs. 91% leased to 9 tenants. NOI $144K/yr. $1.45M. 9.95% cap. 
  4. Neighborhood Center in Live Oak, TX: 60,077 SF shopping center built in 2008 on 8.95 acres lot with I-35 frontage in fast growing San Antonio suburbs.  Anchored by Office Depot, Citibank, Specs Wine & Spirits and Chuck E . Cheese’s. Across from Power Center anchored by The Home Depot, Target, Best Buy, TJ-Max and more. 100% leased. NOI $915K/yr. $12.2M. 7.50% cap.
  5.  Medical Office Building in Glenview, IL: 37,500 SF multi-tenant four single story buildings on 5.45 ac lot close to I-294 in Chicago metro. Anchored by 7500 SF Fresenius Dialysis with 15 yrs lease. 90% leased. NOI $326K/yr. $4.75M. 8% cap.  
  6. Community Center in Wildomar, CA: 72,892 SF 4-years old Retail/Office center on 7.14 acres lot next to I-15 exit in fast growing (88.09%) and well-off (AHI $82K/yr within 3-miles) Riverside.  Shadow-anchored by Albertson’s Supermarket.  Anchored by Ace Hardware.  Other tenants include: Dennys, Panda Express, sprint, Massage Envy, and more.  Pro forma NOI $1.257M. $12.57M. 10% cap.  
  7. Shopping Center in Schaumburg, IL: 59,256 SF shopping center at highly visible intersection close to prestigious Woodfield Mall, the 2nd largest regional mall in the country in Chicago metro. 100% leased to a great mix of national/steady tenants. NOI$ 821K/yr. $10.9M. 7.54% cap. 
  8. Shopping Center in Glendale Heights, IL: 86,905 SF 17-unit shopping center in high income (AHI $89K/yr in 1 mile) Chicago metro. Anchored by Aldi Food Market and Walter E. Smithe, a regional tenant with 13 furniture showrooms in Chicago. 98.7% leased. NOI $885K/yr. $11.2M. 7.91% cap.
© Transmercial 2011.
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