Wednesday, January 4, 2012

12-21: Apartments, Taco Bell/KFC, Strip Centers


  1. Apartments in Houston, TX: 56-units multifamily buildings on 1.90 ac lot close to park, Hospital and US-59. Major renovations include: gates, fencing, hardi siding, roofs, interior and landscape. 95% occupied. NOI $136K/yr. $1.5M. 9.10% cap.  
  2. Shopping Center in Arlington, TX: 22, 400 SF shopping center on 1.85 ac lot across from Six Flags Hurricane Hbr-Arlington & close to Dallas Cowboys Stadium. 79% leased. NOI $257K/yr. $2.85M. 9.03% cap.  
  3. Taco Bell/KFC in Los Angeles, CA: 2848 SF restaurant built in 2000 on .57 acre parcel in densely populated area with over 1M residents in 5 miles. 100% NNN leased to strong franchise with 237 units. NOI $74K/yr. $1.149M. 6.5% cap. 
  4. Shopping Center in Phoenix, AZ: 49,783 SF well-maintained shopping center anchored by 24-Hours Fitness and adjacent to Metrocenter Mall. 81% NNN leased. NOI $833K/yr. $9.25M. 9.01% cap. 
  5. Shopping Center in Hendersonville, TN: 24,773 SF newly constructed shopping center on 2.56 acres anchored by Fresenius Medical Care near Hendersonville Medical Center in Nashville metro. 84% NNN leased. NOI $454K/yr. $5.38M. 8.44% proforma cap.  
  6. Retail Center in Kennesaw, GA: 11,400 SF upscale retail center in fast growing and high income area. Across from Publix Supermarket, and in front of ITT Technical Institute. 100% NNN leased to 6-tenants. NOI $253K/yr. $3.17M. 8% cap.  
  7. Strip Center in McDonough, GA: 10,767 SF strip center near I-75 in Atlanta metro. 100% NNN leased to good tenants: Dunkin Donuts, Metro PCS, Verizon Wireless, Dentist, Fallas Family Vision and CJ’s Hot Dogs. NOI $245K/yr. $2.98M. 8.25% cap.
© Transmercial 2011

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