Wednesday, March 21, 2012

03-07: Jack in the Box, Big Kmart, Medical Office Building, Shopping Centers


  1. Jack in the Box in Greenville, SC: 2883 SF drive-thru fast food restaurant built in 2002 on .47 ac outparcel to Home Depot and next to I-85. 100% absolute NNN corp lease till 2020. NOI $149K/yr with 8% rent increase in 2017. $1.998M. 7.5% cap. 
  2. Strip Center in Deer Park, TX: 8420 SF newly constructed strip center on .82 ac lot in high income (AHI $80K/yr in 1 mile) Houston metro. 100% NNN leased to 5 credit tenants. NOI $172K/yr. $2.239M. 7.75% cap. 
  3. Retail Building in Perris, CA: 7033 SF retail building constructed in 2007 on 1.15 acres lot at main entrance of The Home Depot and WinCo Foods anchored center and next to I-215. Boom town with 156.28% pop growth from 2000-2011.  Tenants include: Starbucks, Los Primos Mexican Food, Subway and Ono Hawaiian BBQ. 100% NNN leased. NOI $307K/yr. $4.121M. 7.46% cap.
  4.  Shopping Center in Madison, WI: 21,900 SF well located shopping center consisting of two buildings anchored by Walgreen’s in growing and well-off area with AHI $84K/yr in 3 mile.  100% leased. Walgreens has sales revenue about $6M/yr. (very low 3% rent to revenue ratio). NOI $230K/yr. $2.65M. 8.69% cap. 
  5. Retail Center in Katy, TX: 11,059 SF 5-yrs old retail center at a hard corner location near I-10 in affluent (AHI $99K/yr in 3 mile) Houston metro. Tenants include: AAA Insurance, Tattoo Parlor, and Hair Salon. NNN. $1.2M. 
  6. Big Kmart in Rocky Mount, NC: 91,226 SF end-cap big-box retail building next to Golden East Crossing Mall and Hwy-301. Surrounding retailers include Target, Wal-Mart Supercenter, TJ Maxx, PetSmart, Pier 1, Big Lots, and Food Lion. 100% absolute NNN leased to national tenant. NOI $479K/yr. $3.5M. 13.70% cap. 
  7. Strip Center in Glendale, AZ: 6450 SF attractive strip center built in 2005 on .88 ac outparcel to a center anchored by Big Lots! at a busy signalized corner location in Phoenix suburbs. 80% leased. NOI $116K/yr. $1.37M. 8.5% cap. 
  8. Medical Office Building in Avondale, AZ: 5702 SF Class-A single-tenant medical office building constructed in 2008 in fast growing (96.84%) and affluent (AHI $84K/yr in 1 mile) Phoenix metro. 100% NNN leased to Adelante Healthcare with 5 yrs left. NOI $114K/yr. $1.35M. 8.5% cap.
© Transmercial 2012
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)