Tuesday, March 20, 2012

03-06: Apartments, Tire Plus Total Car Care, RadioShack, Medical Building


  1. Apartments in Fort Worth, TX: 316-units recently renovated apartment complex on 12.73 acres lot just minutes from downtown and near Loop-820. Amenities include: two pools, fitness center, tennis and racquetball courts, monitored security systems & more. NOI $822K/yr. $10M. 8.23% cap. 
  2. Shopping Center in Rock Hill, SC: 50,000 SF shopping center built in 2008 on 8+ ac lot anchored by Dollar Tree in high income Charlotte suburbs. Shadow-anchored by Wal-Mart Supercenter. 100% leased to credit tenants including Dollar Tree, Shoes Show, GNC, Great Clips, Verizon, T-Mobile. NOI $754K/yr. $8.38M. 9% cap. 
  3. Shopping Center in Waukegan, IL: 124,939 SF mature well-maintained shopping center built in 1986 on31 ac lot near Vista Medical Center West in Chicago suburbs. Occupied by national retailers: HOBO, Dollar Tree, Radio Shack, Rent-A-Center, H&R Block and Rainbow. NOI $795K/yr. $8.9M. 8.93% cap. 
  4. Tire Plus Total Car Care in Council Bluffs, IA: 6682 SF car care retail building on .54 ac lot at highly visible corner location in Omaha metro. 100% NNN corp lease with 6 yrs left. NOI $66K/yr. $795K. 8.41% cap. 
  5. Retail Center in Gardena, CA: 17,653 SF mature retail center on 1.57 ac lot near I-110. In densely populated Los Angeles City. 87% leased. NOI $358K/yr. $5.32M. 6.74% cap. 
  6. Retail Center in Temecula, CA: 13,630 SF retail building constructed in 2000 on 1.12 ac lot adjacent to the 1.14M SF Promenade Regional Mall with Macy’s, Costco, Edwards Theaters, Sears, JC Penny & Old Navy. Excellent demographics: high growth, high income area. 76% leased. NOI $302K/yr. $4.32M. 7% cap. 
  7. Medical Building in Chicago, IL: 16,228 SF L-shaped medical building constructed in 1992 on 1.49 ac lot near Metro Station and I-57. 100% NNN leased to 8 tenants. NOI $229K/yr.  $2.375M. 9.68% cap. 
  8. RadioShack in Moore, OK: 2410 SF single-tenant retail building built in 2005 on .33 ac lot next to Wal-Mart Supercenter and I-35 in Oklahoma City suburbs. 100% NNN corp lease. NOI $53K/yr. $775K. 6.85% cap.   
  9. Strip Center in Sun Valley, CA: 13,410 SF well-maintained strip center at a signalized corner location in Los Angeles City. 100% NNN leased. NOI $141K/yr. $2.15M. 6.6% cap. 
  10. Strip Center in South El Monte, CA: 11,086 SF strip center on .96 ac lot at a signalized corner location in Los Angeles metro. 80% leased. NOI $280K/yr. $4M. 7% cap.

© Transmercial 2012
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