- Advance Auto Parts in South Milwaukee, WI: 6600 SF single-tenant auto retail store on .65 ac outparcel to Pick ‘n Save anchored center. 100% NNN- corp lease with 9 yrs left. NOI $75K/yr. $1M. 7.59% cap.
- McDonalds’s in Pontiac, MI: 2415 SF recently renovated 24-hr double drive-thru fast food restaurant near GM-Pontiac World Headquarters in growing middle-class Detroit suburbs. 100% absolute NNN corp ground lease with 4+ yrs left. NOI $52K/yr with rent bumps in options. $1.003M. 5.52% cap.
- Shopping Center in Chesterfield Township, MI: 41,569 SF well-maintained shopping center in fast growing & middle-class (AHI $73K/yr in 3 miles) Detroit metro. 100% NNNN leased to 7 tenants. NOI $528K/yr. $6.1M. 8.66% cap.
- Shopping Center in Huntsville, AL: 52,800 SF shopping center rebuilt in 1990 on 4.32 ac lot across from Crestwood Medical Center. Anchored by a 10,100 SF Dollar Tree. 90% NNN leased. NOI $612K/yr. $7.43M. 8.25% cap.
- Retail Center in Suwanee, GA: 9600 SF retail center on .91 ac lot anchored by Sherwin Williams next to busy corridor in fast growing and affluent Atlanta suburbs (AHI $102K/yr in 1 mile). 81% leased. NOI $143K/yr. $1.69M. 8.50% cap. Upside potential.
- MOB in Fort Myers, FL: 21,013 SF Class-A medical office building on 1+ ac lot with excellent visibility to major thoroughfare. 100% NNN leased to Lee Memorial Heath System with 5 yrs left. NOI $311K/yr. $4.445M. 7% cap.
- Dollar General (SP BB+) in Mesquite, TX: 9014 SF retail building constructed in 2006 on 1+ ac lot in growing Dallas suburbs.100% NNN- corp lease. NOI $82K/yr. $943K. 8.70% cap.
- REO office Building in Las Vegas, NV: 7288 SF Class-B office building constructed in 2001 in affluent (AHI $92K/yr) area and near 215 Beltway. 92% NNN leased with only one small vacant unit. NOI $77K/yr. $842K. 9.20% cap.
- Strip Center in Phoenix, AZ: 7534 SF strip center built in 2005 shadow-anchored by Walgreen’s and Auto Zone. 100% NNN leased. NOI $164K/yr. $1.629M. 10.09% cap.
© Transmercial 2012
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