Friday, August 10, 2012

07-27: Logans Roadhouse, Taco Bell, Wendy's, Family Dollar, O'Reilly, MOB


  1. Logan’s Roadhouse in Warner Robins, GA: 8060 SF steakhouse restaurant built in 2004 on 2+ ac lot at a hard corner location. Across from Wal-Mart Supercenter, Lowe’s and The Home Depot anchored centers. 100% absolute NNN corp lease with 14 yrs left. NOI $204K/yr with 1.75% annual rent increases. $2.728M. 7.50% cap. 
  2. Taco Bell in Kissimmee, FL: 3500 SF free standing restaurant on 1+ ac lot at hard corner location of Hwy-192 in Orlando suburbs. Across from Poinciana Place: 124,000 SF center anchored by Publix. 100% absolute NNN corp lease with 5 yrs left. NOI $161K/yr with a 10% rent bump in 2014. $2.224M. 7.25% cap. 
  3. MOB in Brooksville, FL: 28,400 SF medical office building constructed in 1991 on 4 ac lot close to Oak Hill Hospital in Tampa suburbs. 100% NN leased to Lab Corp & 7 doctors. NOI $229K/yr. $2.59M. 8.87% cap. 
  4. Wendy’s in Knoxville, TN: 3094 SF Wendy’s restaurant on .99 ac adjacent to Knoxville Center Mall and next to I-640. 100% NNN lease with 9 yrs left. NOI $100K/yr. $1.41M. 7.15% cap. 
  5. Family Dollar in San Antonio, TX: 8320 SF brand new retail building on 1.25 ac lot close to SouthWest Research Institute and I-410. 10 yrs NNN- corp lease. NOI $105K/yr. $1.317M. 8% cap. 
  6. O’Reilly Auto Parts in Yuba City, CA: 8200 SF retail building about 30 min North of Sacramento. At main retail corridor next to Yuba Sutter Mall and near Hyw-99. 100% NNN lease with 6 yrs left. NO $108K/yr. $1.483M. 7.34% cap.
© Transmercial 2012

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