1. Shopping Center in Oak Park, IL: 36,170 SF shopping center built in 1992 on 1.89 ac lot just minutes from Shriners Hospital for Children and Brickyard Mall in affluent (AHI $102K/yr in 1 mile) Chicago suburbs. 100% NNN leased with low avg base rent (upside potential). NOI $555K/yr. $6.167M. 9% cap.
2. Shopping Center in Round Lake Beach, IL: 28,721 SF shopping center built in 2000 on 3+ acres lot at a signalized intersection along Route-83 in middle-class Chicago metro. 95% NNN leased to 11 stable tenants. NOI $404K/yr. $4.49M. 9.01% cap.
3. Hardee’s in Rock Hill, SC: 2845 SF newly constructed restaurant on .98 ac lot across from Piedmont Medical Center in fast growing & high income Charlotte suburbs. 20-yrs absolute NNN corp lease. NOI $99K/yr with 10% rent increases every 5-yrs. $1.33M. 7.49% cap.
4. Shopping Center in Matteson, IL: 61,437 SF shopping center on 6.27 acres lot in growing middle-class Chicago metro. Across from Lincoln Mall and close to I-57. Tenants include: FedEx, US Cellular, Family Christian Bookstore, DaVita Dialysis, ATI Physical Therapy, Best Contacts and eyeglasses, Jimmy John’s and Back to Bed. 96% NNN leased. NOI $925K/yr. $8.95M. 10.34% cap.
5. Childtime Learning Center in Huntington Beach, CA: 5114 SF day care center on .79 ac lot across from Public Elementary School in affluent coastal town (AHI $114K/yr). 100% absolute NNN corp lease with 9 yrs left. NOI $112K/yr with a 10% rent increase in 2014. $1.66M. 7% cap.
6. Goodwill in Mesa, AZ: 30,000 SF well-maintained single-tenant retail building on 1.36 ac lot on a major retail corridor and near Fwy-60 in Phoenix suburbs. 100% NNN corp lease to Goodwill Industries till 2021. NOI $360K/yr with a rent increase in 2016. $4.8M. 7.5% cap.
7. Shopping Center in Elk Grove, CA: 30,130 SF shopping center shadow-anchored by 39,763 SF Big Lots and 29,800 SF CVS Pharmacy. Next to Hwy-99 on ramp and in middle-class (AHI $88K/yr in 3 miles) Sacramento metro. 96% leased to 15 tenants with 1 vacant unit. NOI $635K/yr. Price reduced $1M to $6.5M. 9.78% cap.
8. Shopping Center in Wylie, TX: 20,250 SF attractive shopping center on 2.90 acres lot shadow-anchored by Wal-Mart Supermarket. Next to Hwy-78 in fast growing & well-off Dallas suburbs. 72% NNN leased. NOI $215K/yr. $2.6M. 8.30% cap.
9. Walgreen’s in Las Vegas, NV: 15,120 SF Walgreens built in 2001 on 1.99 ac lot at a signalized intersection and near I-515. Strong demographics: AHI $75K/yr in 1 mile. 100% NNN- corp lease with 9 yrs left. NOI $529K/yr. $7.162M. 7.40% cap.
10. Retail Center in Redondo Beach, CA: 13,097 SF recently renovate retail center on .21 ac corner lot with pacific Hwy frontage. Shadow-anchored by Albertsons Supermarket. In affluent (AHI $130K/yr in 1 mile) coastal city in Southern CA. 100% NNN leased to 6 tenants. NOI $266K/yr. $4.1M. 6.5% cap.
© Transmercial 2012
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