Wednesday, August 1, 2012

07-18: Tire Kingdom, Hardee's, Dialysis Center, Shopping Centers, Retail Centers


  1. Retail Center in Hanover, MA: 29,476 SF retail center on 8 acres lot in high income Boston suburbs. Near Hwy-13 exit and Hanover Mall. 100% NNN leased to Savers, a discounted oriented retailer and Peter Harris Clothes. NOI $422K/yr. $4.8M. 8.80% cap.
  2. Shopping Center in Crystal Lake, IL: 20,533 SF shopping center built in 2007 on 2.44 ac outparcel to Wal-Mart Supercenter in high income (AHI $96K/yr in 1 mile) Chicago suburbs. All tenants are facing State Route 31. NNN leased to mostly national tenants: Starbucks, Cash Store, Great Clips, Sally Beauty, GameStop, Verizon, UPS Store and Subway. NOI $555K/yr. $6.615M. 8.40% cap.
  3. Shopping Center in Cicero, IL: 30,366 SF well maintained shopping center built in 1999 on 1.61 ac lot anchored by Advance Auto Parts at primary retail corridor. 100% NNN leased. NOI $439K/yr. $5.178M. 8.50% cap.
  4. Retail Center in Hialeah, FL: 26,250 SF attractive shopping center and 3550 SF automotive center on 1.50 ac lot near 360-bed acute care Palmetto General Hospital and I-75 in North Miami. NNN leased to 13 tenants with only 1 vacant unit. NOI $268K/yr. $3.8M. 7.06% cap.
  5. Retail Center in Webster, TX: 18,250 SF retail center on 1.24 ac lot at a signalized intersection of State Hwy-3 in Houston suburbs. Big monument signage on site. 94% NNN leased. NOI $180K/yr. $2.005M. 9% cap.
  6. Retail Center in Bakersfield, CA: 28,644 SF 2-story inline retail/office center built in 1980 on .63 ac outparcel to EUROTAN Spa, El Torito and Citizens Bank. Along main retail corridor and at a hard corner location. 67% leased with mostly NNN leases. Current NOI $205K/yr. $2.6M. 7.89% cap. Upside Potential.
  7. Tire Kingdom & Hardees’s in Kissimmee, FL: 10,668 SF consisting of two freestanding retail buildings on nearly 2 ac lot along main blvd & in middle-class Orlando suburbs. Hardees’s is subleased to a local tenant at higher rent than rent in the lease. 100% NNN corp leased. NOI $186K/yr. $2.4M. 7.76% cap.
  8. Dialysis Center in Westerly, RI: 4895 SF Class-B medical office building on .93 ac lot next to Westerly Hospital. In growing upper middle-class coastal city. 100% leased to Dialysis Center of Westerly (operated by American Renal Associates) with 7 yrs left. NOI $60K/yr. $750K. 8% cap.

© Transmercial 2012
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