Friday, May 11, 2012

04-27: Walgreen's, Rite Aid, McDonalds, Family Dollar, Mix-Used Building


  1. Walgreen’s in Overland Park, KS: 14,490 SF attractive red brick prototype Walgreens built in 2002 on 2.34 ac lot in growing and prosperous (AHI $123K/yr) Kansas City suburbs. Close to Overland Pointe Marketplace anchored by The Home Depot, Sam’s Club and Golf Galaxy. 100% absolute NNN corp lease with 15 yrs left. NOI $340K/yr. $5.112M. 6.65% cap. Buyer to assume $3.68M loan at low 5.40 % interest rate. 
  2. Inline Center in South Daytona, FL: 18,250 SF attractive retail center built in 2007 on 1.60 ac lot next to busy corridor with over 29,000 CPD. 83% NNN leased. Proforma NOI $162K/yr. $2.6M. 8.35% cap. Upside potential when fully leased.  
  3. Rite Aid in Richland, WA: 16,670 SF Rite Aid built in 1999 on 1.34 ac lot at a hard corner location and close to Kadlec Regional Medical Center. Very strong store sales. 100% NNN- corp lease with 18 yrs left. NOI $329K/yr. $3.988M. 8.25% cap.  
  4. Retail Center in Indianapolis, IN: 14,372 SF 3 yrs old retail center on 3.13 ac lot across from 80,000 SF Kroger Supermarket. Excellent tenant mix: Orange Leaf Yogurt, Hair Salon, Little Caesar’s, School Zone, Christie Vision, Nail Salon and Hotcake’s Pancakes. 88% NNN leased. NOI $207K/yr. $2.5M. 8.30% cap.  
  5. McDonalds’s in Vancouver, WA: 4336 SF fast food restaurant built in 2011 on .94 ac lot. Across from Clark College; 2nd larges t community college in the state of WA. 100% absolute NNN corp ground lease with 24 yrs left. NOI $50K/yr with rent increases. $1.017M. 5% cap.  
  6. Family Dollar in Fresno, CA: 7546 SF recently renovated Family Dollar store on .63 ac lot. At a hard corner location & across from Walgreens, Save Mart anchored center. Near Veterans Hospital and Fresno City College. 100% NNN lease with 9+ yr left. NOI $105K/yr. $1.5M. 7% cap.  
  7. Mix-Used Building in Hayward, CA: 6670 SF 2-story retail/office building on .18 ac lot at a signalized corner location in Silicon Valley.  NNN leased. NOI $83K/yr. $1.12M. 7.44% cap.  
  8. Neighborhood Center in Glendale, AZ: 76,835 SF well-maintained shopping center anchored by Asiana Market at highly visible corner location. Great demographics: AHI $89K/yr in 1 mile. 73% leased. NOI $498K/yr. $6.89M. 7.24% cap. Upside potential.
© Transmercial 2012
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)