07-24: Boston Market, Aaron's, MOB, Office Buildings, Neighborhood Centers

1. Boston Market in Plano, TX: 3309 SF drive-thru retail building on .76 ac lot along main corridor in growing Dallas suburbs. 20 yrs absolute NNN corp lease with 15 yrs left. NOI $153K/yr with 2% annual rent increases. $2.042M. 7.5% cap. Note: no flyer for this property but full brochure available. 
2. Retail Center in Montgomery, IL: 11,188 SF newly constructed retail center at a hard corner location in growing and high income Chicago suburbs. Across from Wal-mart supercenter and adjacent to Walgreens. 100% NNN leased to 7 tenants: Jimmy John's, T-Mobile, Gold Max USA, Smoke Plus, Rosati's Pizza, Sport Clips and Jenny's Nail Spa. NOI $247K/yr. $2.96M. 8.35% cap.
3. Shopping Center in Sacramento, CA: 44,684 SF shopping center consisting of two buildings: 20,604 SF 100% leased free-standing building and 24,080 SF 85% leased multi-tenant retail tenants. Across from 484,500 SF Florin Town Center. NOI $472K/yr. $5.305M. 8.90% cap.
4. Retail Center in Hixson, TN: 12,640 SF retail center built in 2010 on 1.40 ac lot in fast growing Chattanooga suburbs. Across from Target and close to Wal-Mart and Northgate Mall 100% NNN leased to Aspen Dental, Gigi’s Cupcakes, Inkredible Cartridge, Batteries Plus, Sun Tan City and Achieve Medical. NOI $291K/yr. $3.515M. 8.29% cap.
5. MOB in Oklahoma City, OK: 6500 SF well maintained medical building constructed in 1998 on .48 ac lot close to Integris Baptist Medical Center, Deaconess Hospital and Hwy-3/74. 78% leased. $900K. NOI/Cap not provided.
6. Strip Center in Brooklyn Park, MN: 7000 SF strip center built in 1998 on 1 ac lot at high traffic location in Minneapolis suburbs. Great demographics: AHI $80K/yr within 1 mile. 100% NNN leased with long term tenants. NOI $74K/yr. $930K. 8% cap.
7. Neighborhood Center in Oklahoma City, OK: 125,394 SF beautiful shopping center at prominent retail & high income area. Across from Target and Ace Hardware.  96% leased to credit tenants. $13.2M. NOI/Cap not provided.
8. Retail Center in O’Fallon, IL: 10,309 SF retail center built in 1999 on nearly 1 ac lot at main retail corridor in Saint Louis metro. Tenants include: H&R Block, Domino's Pizza, China King, Sushi Ai, Subliminal Subs, Kingdom Cuts and Studio L. AHI of $94K/yr in 1 mile and 12.63% pop growth since 2000. 100% NNN leased. NOI $124K/yr. $1.275M. 8.50% cap.
9. Aaron’s In Portland, OR:  11,429 SF single-tenant building constructed in 2006 on .45 ac lot next to Fred Meyer and I-5. New 20 yrs absolute NNN lease.  NOI $136K/yr with 10% rent bumps every 5 yrs. $1.95M. 7% cap.
10. Office Building in Taylorsville, UT: 17,000 SF Class-A office building constructed in 2008 on 1.64 ac lot close to I-215 in high income Salt Lake City suburbs. 100% leased to 2 tenants: Rise and Wright Homes. NOI $167K/yr. $2.39M. 7.03% cap.

© Transmercial 2012