Wednesday, September 5, 2012

08-21: Burger King, MOB, CBA, Strip Centers, Office Building



  1. Burger King in Winter Haven, FL: 2618 SF Burger King restaurant built in 2008 on 1 ac outparcel to a shopping center near Wal-Mart Supercenter.  10 yrs absolute NNN corp ground lease with 6+ yrs left (land is for sale).  Growing middle-class city in Orlando suburbs. NOI $85K/yr with 10% rent increase in yr 6. Price reduced to $1.307M. 6.50% cap.
  2. Retail Center in Mansfield, TX: 18,776 SF retail center built in 2000 outparcel to Walmart Supercenter on/off Hwy-287 ramp in fast growing and high income Fort Worth/Dallas suburbs. 100% NNN leased. NOI $277K/yr. $2.919M. 9.50% cap.
  3. MOB in Arlington, TX: 8462 SF brand new urgent care center on 1.28 acres of parcel along I-20. Immediately South of the Medical Center of Arlington, a 326-bed full-service Hospital. Adjacent to Arlington Highlands: a 825,000 SF center anchored by Conn's, Costco, Bed, Bath & Beyond, PetSmart, Dave & Buster’s and Many More and near The Parks at Arlington Regional Mall. 12 yrs NNN- leased by Concentra Heath Services. NOI $280K/yr. $3.74M. 7.50% cap.
  4. Retail Center in Lynwood, CA: 2676 SF retail center at a signalized corner location in a densely populated are with over 900K residents within 5 mile radius. Across from Plaza Mexico.100% NNN leased by 4 tenants. Gross income of $105K/yr. $980K. 7.5% cap.
  5. CBA in Spring, TX: 4945 SF recently constructed Christian Brothers Automotive center on .72 ac lot a fast growing & high income Houston suburbs with AHI of $90/yr. 15 yrs absolute NNN corp lease. NOI $151K/yr with 1½% rent bumps starting in yr two. $2.085M. 7.25% cap.
  6. Office Building in Reno, NV: 5016 SF 2-story recently remodeled office building on .22 ac lot close to Reno Tahoe International Airport and Hwy-395. New 5 yrs NNN lease to Massage Essence, a day spa. This is a sale & lease back investments so lease terms are negotiable. NOI $60K/yr. $750K. 8% cap.
  7. Strip Center in Los Angeles, CA: 7246 SF strip center on .32 ac lot along busy corridor. Area with high barrier to entry. Tenants include: Polls Mexican Restaurant, Bless Party Supplies & Water Source, Bike Shop, Bakery Restaurant, Pretty Nail Salon, Liana's Mini Market, and a Coin Laundry. 100% NNN leased. NOI $126K/yr. $2.1M. 6% cap.

© Transmercial 2012
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