- Strip Center in Palmhurst, TX: 7788 SF under construction strip center on 1.18 ac lot in McAllen suburbs. Across from Walmart Supercenter & next to Walgreens. 100% NNN leased to 6 tenants. NOI $182K/yr. $2.088M. 8.75% cap.
- Strip Center in Baldwin, NY: 4448 SF well maintained strip center on .30 ac lot in a high income (AHI $113K/yr) coastal city in New York metro. Close to South Nassau Communities Hospital and Hwy-27. 87% leased. NOI $58K/yr. $725K. 8% cap.
- Retail Center in Yucaipa, CA: 6016 SF four units newly constructed retail center on 1+ ac outparcel to Fresh and Easy center at a signalized location in San Bernardino County. High income area with AHI $95K/yr in 1 mile. NNN leases. NOI $136K/yr. $1.9M. 7.19% cap.
- Retail Center in Houston, TX: 10,306 SF retail center built in 2000 on .75 ac lot at the intersection of Hwy-59 and Bellaire Blvd. Across from Sharpstown Center and close to Memorial Hermann Hospital-SW. 100% NNN leased. NOI $174K/yr. $2.1M. 8.3% cap.
- Neighborhood Center in Saint Charles, MO: 112,506 SF neighborhood center renovated in 2008 on 14+ acres of land in high income St Louis suburbs. Anchored by TJ Maxx, Harbor Freight Tools and Shoe Carnival. Adjacent to a 227,000 SF center anchored by The Home Depot, Target and Famous Footwear. Close to Barnes-Jewish St Peters Hospital and I-70. 89.46% NNN leased. NOI $1.152M/yr. $11.5M. 10.02% cap. Upside potential.
- Shopping Center in Canton, GA: 19,285 SF retail center consisting of two buildings and free standing Wendy’s restaurant on ground lease. On 4+ acres of land in fast growing and high income Atlanta metro. Across from Publix anchored center. 70% leased. NOI $225K/yr. $2.5M. 9% cap.
- Coco’s Restaurant & Bakery in Victorville, CA: 6330 SF free standing restaurant on 1.40 ac lot off/on ramp I-15 in San Bernardino County. Tenant has been at this location since 1995. New long absolute NNN lease. NOI $150K/yr with a rent increase in 2017. $2.04M. 7.35% cap.
© Transmercial 2012
No comments:
Post a Comment