Tuesday, July 10, 2012

06-26: Starbucks, DaVita Dialysis, Payless ShoeSource, Walgreens, MOB


  1. Starbucks in Haltom City, TX: 1750 SF drive-thru Starbucks Coffee on .51 ac lot along Hwy-377 North of Fort Worth. 100% NNN- corp lease with 7 yrs left. NOI $94K/yr. $1.275M. 7.42% cap.
  2. DaVita Dialysis (NYSE: DVA) in Apopka, FL: 8586 SF Class- B dialysis center built in 2006 on 1.17 ac lot in Orlando suburbs. 15 yrs NNN- lease with 9 yrs left. NOI $245K/yr with CPI increases every 3 yrs. $245K/yr. $3.065M. 8% cap.
  3. Payless ShoeSource in San Antonio, TX: 3074 SF single tenant retail building on .73 ac lot along main retail corridor. New 5 yrs NNN lease. Tenant has been at this location since 2002. NOI $66K/yr. with potential income from billboard. $880K. 7.50% cap.
  4. Retail Center in Corinth, TX: 13,906 SF retail center built in 2009 on 1.74 ac lot next to I-35E in high income Dallas suburbs (AHI $88K/yr in 1 mile). Anchored by 8986 SF Liberty Dialysis (now owned by Fresenius). Across from Atrium Medical Center and Corinth City Hall.  100% NNN leased. NOI $237K/yr. $2.9M. 8.20% cap.
  5. Strip Center in Chatsworth, CA: 7584 SF well maintained L-shaped strip center on .40 ac corner lot in a high income town in Los Angeles. 91% leased. NOI $125K/yr. $1.929M. 6.50% cap.
  6. Shopping Center in Hialeah, FL: 26,250 SF attractive shopping center and 3550 SF automotive center on 1.50 ac lot near Palmetto General Hospital and I-75 in North Miami. 95% leased with only one vacant unit. NOI $268K/yr. $3.8M. 7.06% cap.
  7. MOB in West Babylon, NY: 12,000 SF Class-A medical office building next to Hwy-27 in high income New York suburbs. 90% leased. NOI $192K/yr. $2.9M. 6.50% cap.
  8. Walgreen’s in Miami, FL: 14,000 SF Walgreens in fast growing (15.29% population growth since 2000) and high income (AHI $75K/yr) area. 100% NNN lease with 19 yrs left. NOI $448K/yr. $6.4M. 7% cap.
  9. Retail Center in Windsor, CO: 7500 SF retail center built in 2006 on .75 ac lot shadow anchored by King Sooper and across from Safeway in a high income small town. 100% NNN leased. NOI $171K/yr. $2.54M. 7% cap.

© Transmercial 2012
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