Tuesday, January 3, 2012

12-19: Denny's, Office Building, Shopping Center


  1. Shopping Center in Fort Lauderdale, FL: 19000 SF newly improved shopping center across from Holy Cross Hospital near I-95. 100% NNN leased. NOI $339K/yr. $3.995M. 9% cap. 
  2. Denny’s in Lake Worth, TX: 4224 SF restaurant on .80 ac lot next to I-20 and near Marshalls, Bed Bath and Beyond, Kohl’s, The Home Depot, Wal-Mart & Target. Long absolute NNN lease to strong franchisee operating 50-locations. NOI $115K/yr. $1.68M. 7.15% cap.  
  3. Retail Center in Temecula, CA: 6750 SF retail center built in 2000 on .92 ac lot adjacent to The Promenade in Temecula shopping center in fast growing & middle-class Southern CA.  100% NNN leased to Sprint, Baja Fresh and Cold Store Creamery.  NOI $254K/yr. $3.39M. 7.5% cap.  
  4. Office Building in The Woodland, TX: 24,350 SF attractive multi-tenant office building on 2.46 acres of land next to Fwy-45 in growing county just North of Houston. 100% leased. NOI $450K/yr. $4.5M. 10% cap.  
  5. Shopping Center in Richmond, TX: 29,881 SF beautiful shopping center shadow-anchored by Kroger in growing/middle-class Houston suburbs. 94% leased. NOI $682K/yr. $8.8M 7.75% cap.  
  6. Office Building in Cape Coral, FL: 9800 SF Class-A newly constructed multi-tenant office building on .73 ac lot.  100% NNN leased. %1.3M. NOI/Cap not provided.
© Transmercial 2011

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