- Retail Center in Mesa, AZ: 14,590 SF nice looking retail center on 1.59 ac corner lot Phoenix metro. 66% NNN- leased to Dollar General. Current NOI $72K/yr. (pro forma $139K/yr). $1.472M. Just $100/SF. 9.44% pro forma cap. Strong upside when fully leased. Flyer not avail.
- Strip Center in McKinney, TX: 10,400 SF strip center built in 2008 in Dallas middle-class suburbs. 87% NNN leased to Cash Now, Metro PCS, Comfort Dental, Auto Insurance, El Gitano Mexican Restaurant, and the Bellagio Game Room. Current NOI $140K/yr. $1.697M. 8.25% cap. Upside potential.
- Burger King in Omaha, NE: 2936 SF Burger King on .85 ac lot near I-680. Remodeled in 2006. 20 yrs absolute NNN corp lease with 14 yrs left. NOI $89K/yr with rare 1.5% annual rent bumps. $1.433M. 6.25% cap.
- Verizon Wireless in Palm Bay, FL: 4178 SF single-tenant retail center on 1 ac lot near I-95 exit in a growing city. Near Publix Supermarket, Home Depot, Wal-Mart, Lowe’s, McDonald's, CVS. New 10 yrs NNN lease to Verizon Wireless operator with 500 stores in $500M in sales. NOI $124K/yr with 10% rent bumps every 5 yrs. $1.6M. 7.75% cap.
- Wendy’s in Bossier City, LA: 3032 SF restaurant built in 2004 on .9 ac lot next to I-20 in Shreveport metro. 10 yrs NNN corp lease (note: Wendy’s is now the 2nd largest fast food restaurant chain, just behind McDonalds). NOI $72K/yr with 10% rent increases every 5 yrs.$1.115M. 6.5% cap.
- Strip Mall in Stuart, FL: 8236 SF strip center on .9 ac outparcel to Wal-mart Supercenter near I-95 in high income Port St Lucie metro. 100% leased to national tenants. NOI $213K/yr. $2.9M. 7.36% cap.
- Fresenius Dialysis in Lexington, KY: 12,429 SF mature medical office building on .64 ac corner lot. New 10 yrs NNN- lease to Fresenius. NOI $152K/yr with generous 3% annual rent bumps. $1.9M. 8% cap.
© Transmercial 2012.
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