09-24: Starbucks, Golds Gym, Payless Shoe Source, MOB's

1. Starbucks Coffee in Manchester, CT:  1950 SF drive-thru retail building on .51 ac corner lot on State Hwy-502 in upper middle class area. Tenant has been at this location since 2003. New 10 yrs NNN- corp lease from Aug 2012. NOI $105K/yr with 10% rent increases every 5 yrs. $1.532M. 6.85% cap. 
2. Strip Center in Stockbridge, GA: 7800 SF strip center built in 1999 on 2+ ac lot on a major road in Atlanta suburbs. Close to Henry Medical Center and I-75. 100% leased to six tenants. NOI $88K/yr. $1.05M. 8.44% cap.
3. Office Building in Redwood City, CA: 16,490 SF well maintained two story office building on .79 ac lot in affluent town in Silicon Valley (AHI $117K/yr in 3 miles). Tenants include Social Security Administration, The County of San Mateo and All Documents, Inc. 100% leased. NOI $462K/yr. $5.5M. 8.40% cap.
4. Golds Gym in Orem, UT: 57,325 SF State-of-the-Art Fitness Center built in 2001 on 4.5 acres of land next to Hwy-52 in Salt Lake City suburbs. Location features the additional amenities of an indoor pool/tennis courts. 100% NNN lease with 9+ yrs left. NOI $617K/yr. $7.8M. 8% cap.
5. Payless Shoe Source in Oakland, CA: 4000 SF retail building across from new Fruitvale Transit Village: a mixed-use development and BART Station. Tenant has been at this location since 1982. 100% leased to Payless Shoe Source. NOI $82K/yr. $1.175M. 6.25% cap.
6. MOB in Aurora, CO: 32,180 SF Class-B medical office building adjacent to HCA HealthOne Medical Center.  Close to Town Center at Aurora and next to I-225. 93% NNN leased to a good tenant mix. NOI $435K/yr. $5.05M. 8.63% cap.
7. Office Building in Baldwin Park, CA: 6000 SF two-story office building constructed in 2003 on .61 ac lot.  Across from Kaiser Permanente-Baldwin Park with superb visibility along Fwy-10.  NOI $67K/yr. $715K. 9.48% Cap.
8. MOB in Elmhurst, IL: 19,633 SF two-story well kept medical office building at dominant medical corridor in Chicago metro. 93% leased to 9 tenants. NOI $242K/yr. $2.55M. 9.52% cap.
9. MOB in Elmhurst, IL: 8970 SF build-To-suit single-tenant medical office building constructed in 1996 in Chicago metro. 100% NNN leased to Loyola University Health System with 6 yrs left. Tenant provides Cardiology, Gastroenterology, Pediatrics, Urology, Internal Medicine, and Nutrition. NOI $212K/yr. $2.35M. 9.06% cap.
10. Shopping Center in York, PA: 24,353 SF attractive shopping center on 1.88 ac lot anchored by Chico’s, Starbucks, and Subway at a main retail corridor in a high income area. 93% NNN leased. NOI $405K/yr. $5.4M. 7.50% cap.

© Transmercial 2012