Tuesday, February 21, 2012

02-07: Advance Auto Parts, Jiffy Lube, USA Discounters, ALDI Supermarket, retail centers


  1. Shopping Center in Cleveland, TN: 78,900 SF shopping center built in 1990 on 8 acres lot near I-75 in Chattanooga suburbs. Anchored by Food Lion and shadow-anchored by Hobby Lobby.  100% NNN leased. NOI $537K/yr. $5.85M. 9.18% cap.  
  2. Advance Auto Parts in Papillion, NE: 7000 SF auto parts single-tenant retail building on .74 ac lot next to busy thoroughfare. In well-off (AHI $96K/yr within 1-mile) Omaha suburbs. 100% NNN- lease till 2022 to credit tenant. NOI $107K/yr. $1.537M. 7% cap.  
  3. Jiffy Lube in Bellevue, NE: brand-new 3137 SF auto retail building on .43 ac lot next to Hwy-370 and near Bellevue Medical Center & Fwy-75 in Omaha metro. 20-yrs absolute NNN lease to experienced franchisee operating 450 units. NOI $99K/yr with 10% rent bumps every 5-yrs. $1.17M. 8.5% cap.  
  4. Shopping Center in Miami Gardens, FL: 53,370 SF attractive shopping center built in 2005 with diverse & stable tenant mix. At a high traffic and densely populated area. 97% NNN leased. NOI $805K/yr. $9.25M.  8.70% cap.  
  5. Retail Buildings in Monterey, CA: 4500 SF retail buildings constructed in 1991 at a busy retail location in a high income coastal town. 100% NNN leased to Jiffy Lube and Cypress Studio. NOI $152K/yr. $2.15M. 7.10% cap. 
  6. Retail Center in San Antonio, TX: 9850 SF newly constructed retail center on 2.60 acres at a signalized corner location. 100% NNN leased. NOI $236K/yr. $3.3M. 7.15% cap.  
  7. USA Discounters in August, GA: 22,560 SF retail building on 3.67 ac lot across from Wal-Mart Supercenter in fast growing Atlanta metro. 100% NNN lease to USA Discounters, a growing retailer with over 20 locations. NOI $180K/yr. $2.125M. 8.5% cap.  
  8. Retail Center in San Mateo, CA: 13,639 SF retail center on over 1 acre lot shadow-anchored by Walgreens in a wealthy city in south of San Francisco (AHI $109K/yr).  100% NNN leased. NOI $390K/yr. $6.5M. 6% cap. 
  9. ALDI in Rock Island, IL: 18,788 SF recently grocery store on 1.63 acres in growing & middle class area.  20-yrs NNN lease to Aldi, an international grocery chain. NOI $101K/yr. with 5% rent bump every 5 yrs.  $1.594M. 6.35% cap. 
  10. Office Building in Colorado Springs, CO: 58,064 SF Class-A office building near I-25. 87% leased. NOI $676K/yr. $7.35M. 9.21% cap.

© Transmercial 2012
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