1. Retail center in Largo, FL: 7480 SF class-A retail center built in 2006 on .73 ac outparcel at the entrance to Publix supermarket in Tampa metro. Anchored by 3460 SF Chase Bank. 100% NNN leased to 4 good tenants: Chase, Verizon Wireless, Tropical Smoothie Café, and Beauty Supplies. NOI $206K/yr. $2.55M. 8% cap.
2. Wendy’s in Marietta, GA: 2355 SF drive-thru restaurant built in 2000 at a corner location in growing & wealthy (AHI $92K/yr) Atlanta metro. 100% NNN absolute corp lease with 16 yrs left. NOI $63K/yr with 1.5% rent bumps in years 6-16. $903K. 7% cap.
3. Chipotle Mexican Grill in Greensboro, NC: 2533 SF Chipotle Mexican Grill restaurant renovated in 2006 on .96 ac outparcel to Wendover Place anchored by Target, Kohl's, Dick's Sporting Goods, Ross Dress for Less, Wal-Mart, Sam’s Club, Kmart, Sports Authority. 10 yrs absolute NNN corp lease with 5 yrs left. NOI $82K/yr. $1.07M. 7.7% cap.
4. Wendy’s in Atlanta, GA: 2900 SF restaurant constructed in 2000 on .67 ac lot at densely retail corridor. 100% absolute NNN corp lease with 15 yrs remaining. NOI $86K/yr with 1.5% rent increases starting in years 6-16. $1.235M. 7% cap.
5. Retail Center in Bakersfield, CA: 7917 SF retail center on .79 ac outparcel to Stockdale Village center anchored by Vons, Dollar Tree, Party City, Home Goods and Office Depot. 100% leased. NOI $139K/yr. $1.85M. 7.5% cap.
6. Shopping Center in Houston, TX: 19,949 SF beautiful shopping center built in 2003 in high income area (AHI $86K/yr). Shadow-anchored by Hobby Lobby and Wal-Mart Supercenter. Great tenant mix: Las Palmas Mexican Restaurant, NT Nails II, Payless Shoesource, Watermill Express and Smoke Shop. 100% leased. NOI $247K/yr. $2.873M. 8.63% cap.
7. Lone Star Steakhouse in West Des Moines, IA: 12,592 SF family restaurant in high income area (AHI $100K/yr in 3 mile). Close to Valley West Mall and easy access to I-235. 100% absolute NNN corp lease till 2022. NOI $147K/yr with 2% annual rent increases. $1.478M. 10% cap.
8. REO’ed Strip Center in Lisle, IL: 13,200 SF well-maintained strip center built in 1991 on 1.13 ac lot in affluent town (AHI $117K/yr wing 3 mil) in Chicago suburbs. 90% leased. NOI $174K/yr. $1.75M. 9.98% proforma cap.
9. Strip center in Raleigh, NC: 8900 SF strip center built in 2000 on 2.51 ac lot shadow-anchored by Lowe’s and near Hwy-70. Excellent demographics: fast growth & high income. 84% NNN leased. NOI $179K/yr. $2.05M. 8.75% cap. Upside potential.
10. Strip Center in Lodi, CA: 5935 SF strip center on .36 ac lot across from Lakewood Mall in San Joaquin Valley. Tenants include: Subway, Village Donuts, Innovation Salon, Alebijes Bistro and Acupressure. 100% NNN leased. NOI $98K/yr. $1.42M. 6.92% cap.
© Transmercial 2012
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