Thursday, March 8, 2012

02-23: Retail centers, MOB, Jiffy Lube


  1. Retail Center in Carpentersville, IL: 11,095 SF attractive retail center next to Spring Hill Mall in fast growing and affluent (AHI $103K/yr) Chicago metro. 87% NNN leased to national tenants: Panda Express, US Cellular, Game Stop, Sport Clips and Jamba Juice with 1 small vacant unit. NOI $345K/yr. $4.315M. 8% cap. 
  2. Shopping Center in Marietta, GA: 28,100 SF mature multi-tenant shopping center on 3 acres lot in Atlanta suburbs. 100% leased. NOI $210K/yr. $2.1M. 10% cap. 
  3. Retail Center in Sunrise, FL: 22,400 SF attractive retail building along main retail corridor in Fort Lauderdale metro.  Across from Lowe’s and The Home Depot. 90% leased. NOI $314K/yr. $3.935M. 8% cap.  
  4. Medical Office & Retail Building in Chicago, IL: 27,007 SF building across from Roseland Community Hospital. 100% NNN leased to 7 medical & retail tenants including: 6683 SF Fresenius Dialysis, 8124 SF Roseland Community Hospital and 6735 SF Chicago Family Health. Densely populated area with almost 1 million residents in 5 miles. NOI $523K/yr. $6.34M. 8.25% cap. 
  5. Office Building in Temecula, CA: 32,213 SF Class-A office building constructed in 1990 near The Promenade in Temecula Mall and next to I-15. 68% leased. NOI $270K/yr. $3.384M. 8% cap. Upside potential. 
  6. Jiffy Lube in Mesa, AZ: 3192 SF Jiffy Lube at major retail corridor in high income (AHI $73K/yr in 1 mile) Phoenix metro. 100% NNN leased to a strong operator with 60+ units. NOI $78K/yr. $947K. 8.25% cap. 
  7. Shopping Center in Ogden, UT: 23,800 SF well-maintained shopping center on 1.87 ac  corner lot. 100% NNN leased 2 tenants: Dollar General (national) and Viva Market (regional tenant with 4 locations). NOI $163K/yr. $1.999M. 8.20% cap.  
© Transmercial 2012

No comments:

Post a Comment