Thursday, January 19, 2012

01-05: Aldi supermarket, Fresenius, Super 8 Motel, Shopping centers, Office park


  1. Aldi in Rock Island, IL: 18,788 SF Aldi Supermarket on 1.63 acres lot Chicago metro.  20 yrs absolute NNN ground lease (only land is for sale, tenant owns the building) to Aldi, an international grocery retailer with over 5000 stores.  NOI $103K/yr. with 5% rent bump every 5 yrs.  $1.594M. 6.35% cap. 
  2. Fresenius Dialysis Center in Owasso, OK: 6601 SF brand new dialysis center on 1.23 acres lot within the campus of Bailey Medical Center in growing and high income Tulsa metro.    New 15 yrs NNN- lease to Fresenius guaranteed by Fresenius Medical Care Holdings, Inc.  NOI $127K/yr with generous 2.5% annual rent bump.  $1.76M. 7.25% cap. 
  3. Fresenius Dialysis in Louisville, KY: 6500 SF dialysis center built in 2008 on a ¾ ac corner lot in an affluent area.  Across from Walmart and close to the Ford Motor Plant.  10 yrs absolute NNN lease till 2018.  NOI $90K/yr.  $1.268M. 7.15% cap. 
  4. Super 8 Motel in Austell, GA: 106-unit well-maintained 3-story motel built in 1996 on 3.7 acres site by I-20 exit in Atlanta metro.  Former La Quinta Inn & suites.  47% avg occupancy.  Price reduced to $1.799M. 
  5. Strip Center in Houston, TX: 9698 SF class-A retail center built in 2003 on ¾ ac high-traffic hard corner lot with high visibility in high income area.  100% NNN leased to national & regional tenants: Cricket Wireless, Darque Tan, Subway, Smoothie Factory, First Cash Advance.  NOI $251K/yr.  $2.8M. 8.91% cap. 
  6. Office Park in Encinitas, CA: 37,450 SF multi-tenant office park built in 1982 on 4.1 acres lot in high income & growing (AHI $116K/yr in 3 miles) city North of San Diego.  Easy access to I-5.  100% leased.  NOI $595K/yr. $7.445M. 8% cap. 
  7. Shopping Center in  Petaluma, CA: 30,135 SF 18-unit shopping center built in 1989 in an affluent city 10 minutes North of San Francisco.  Easy access to the main hwy 101.  Shadow anchored by 50,000 SF Lucky Supermarket, a regional chain.  90% leased with 2 small avail units. NOI $588K/yr. $8.2M. 7.17% cap.
  8.  Chevy Chase Plaza in Lexington, KY: 47,500 SF 3-story class-A retail/office plaza with 179-space parking facility in one of the most desirable residential area in Lexington.  98% occupied.  NOI $605K/yr. $6.8M. 8.9% cap.

© Transmercial 2012.

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