- Walgreens in Belleville, IL: 13,905 SF Walgreens built in 1998 on 2 ac lot at a busy retail corridor in St Louis suburbs. Close to Wal-Mart & Lowes. 100% NNN- corp lease with 6 yrs left. Store with strong sales. NOI $274K/yr. $3.713M. 7.40% cap.
- KinderCare in Riverbank, CA: 9143 SF day care center built in 2008 on 1+ ac corner lot in high income (AHI $91K/yr) city in Northern CA. 20 yrs NNN lease with 16 yrs left to KinderCare, a national childcare provider with 1,700+ locations in 38 states. NOI $251K/yr with 12% rent increases every 5 yrs. $3.428M. 7.35% cap.
- Tuffy’s Auto in Bloomington, IL: 4000 SF auto service center near I-55 and Eastland Mall in high income area. New 15 yrs NNN lease to Tuffy’s Auto, a regional tenant. This is a sale lease back transaction. NOI $75K/yr with 10% rent bumps every 5 yrs. $899K. 8.34% cap.
- Chuck E Cheese’s in Orlando, FL: 11,532 SF recently renovated restaurant/entertainment center on 1.57 ac next to Hwy-50. Across from Target and near Expy-408. 15 yrs NNN ground lease with 2 yrs left. NOI $142K/yr with 10% increases every 5 yrs during options. $1.294M. 11% cap.
- KinderCare in Waukesha, WI: 6620 SF well maintained day care center on .59 ac lot high income Milwaukee suburbs. Close to GE Medical Systems and I-94. 100% NNN lease with 6 yrs left. NOI $88K/yr. $1.125M. 7.89% cap.
- MOB in Henderson, NV: 8123 SF Class-B medical office building on .19 ac lot in growing and middle class Las Vegas metro (NOI $73K/yr). Close to Barley’s Casino & Brewing Co. 100% NNN lease to a pharmaceutical company. NOI $113K/yr. $1.08M. 10.50% cap.
© Transmercial 2012
No comments:
Post a Comment