- Pep Boys Auto in Arlington Heights, IL: 20,464 SF free standing auto center built in 1995 at main retail corridor in affluent Chicago suburbs with AHI of $114K/yr within 1 mile. Ingress/egress from two major thoroughfares. Across from Town And Country Mall. 100% NNN lease with 10½ yrs left. NOI $504K/yr with 1.5% annual rent increases. $6.965M. 7.25% cap.
- Retail Center in Indianapolis, IN: 17,126 SF well maintained retail center at a hard corner location in densely populated area. 100% leased to T-Mobile, Ace Beauty, Big City Grill, Art Nails, Hang Time, Mr. Bigz and China King. NOI $262K/yr. $3M. 8.74% cap.
- Pep Boys Auto in Albuquerque, NM: 21,768 SF auto center built in 1990 in middle class area. Across from Lowes, Petco and close to Cottonwood Mall. 100% NNN lease with 10+ yrs left. NOI $310K/yr with 1.5% annual rent bumps. $4.138M. 7.50% cap.
- Dollar General in Jacksonville, FL: 9014 SF retail building constructed in 2010 on 1.24 ac lot with ingress/egress from s from two streets. 15 yrs NNN corp lease with 13 yrs left. NOI $111K/yr. $1.393M. 8% cap.
- Strip Center in Saint Peters, MO: 9800 SF strip center in upper middle class St Louis suburbs. Close to St Charles Community College. 100% NNN leased. NOI $97K/yr. $1.2M. 8.10% cap.
- Retail Building in Schaumburg, IL: 7000 SF retail center built in 1994 at a hard corner location outparcel to Prairie Towne Center in high income Chicago metro. Across from Home Depot and near Target, Jewel Osco and Bally’s. 100% NNN corp leased to Starbucks Coffee,Sprint and Sexson Orthodontics. NOI $175K/yr. $1.895M. 9.25% cap.
- Retail Center in Bentonville, AR: 14,974 SF retail center built in 2005 on 1.51 ac lot close to Northwest Medical Center, Scottsdale Center and I-540. 83% leased. NOI $92K/yr. $1.345M. 7% cap.
© Transmercial 2012
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