Thursday, January 5, 2012

12-22: Denny's Restaurant, Retail centers


  1. Strip Center in Killeen, TX: 8601 SF strip center constructed in 2007 with huge monument-sign and at high-traffic location. 100% NNN leased. NOI $120K/yr. $1.5M. 8% cap.  
  2. Retail Center in Hiram, GA: 10,700 SF retail center built in 2005 in a heavily commercial area in fast growing Atlanta metro. Across the street from Target, Kohl’s, Petsmart, Sam’s Club and Marshals. 75% leased. NOI $116K/yr. $1.225M. 9.5% cap. 
  3. Denny’s in Arlington, TX: 5120 SF family restaurant built in 2007 on over 1 ac lot between Six Flags Over Texas and Fwy-360. Near Cowboys Stadium and I-30 in middle-class Dallas/Fort Worth metro. Absolute NNN lease to an operator with 23 units till 2027. NOI $159K/yr. $2.232M. 7.15% cap.  
  4. Retail Center in San Diego, CA: 9664 SF well-maintained retail center on 1.17 ac lot close to I-15 in densely populated and affluent (AHI $116K/yr within 3-miles) Southern California City. 100% leased. NOI $213K/yr. $3.52M. 7% cap.  
  5. Shopping Center in Pearland, TX: 65,500 SF shopping center renovated in 2009 on a corner lot in Houston suburbs. 77% leased. NOI $556K/yr. $6M. 9.27% cap.  
  6. Retail Center in Cooper City, FL: 9594 SF retail center built in 1998 on1.30 ac lot with excellent tenant mix in affluent (AHI $106K/yr) Fort Lauderdale suburbs. 100% leased. 7% cap. Price not provided.
© Transmercial 2011

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