Tuesday, October 16, 2012

10-02: Joe's Crab Shack, Hardee's, Mix-used centers




  1. Joe’s Crab Shack in Orlando, FL: 9056 SF Joe’s Crab Shack restaurant built in 1995 on 1.76 ac lot at main retail corridor near Disney World in high income area. 20 yrs NNN corp lease with 8 yrs left. NOI $181K/yr. $2.486M. 7.30% cap.
  2. Mix-Used Center in Brookfield, WI: 15,000 SF well maintained office/ retail center at main thoroughfare in prosperous (AHI $125K/yr in 1 mile) Milwaukee suburbs. 87% NNN leased. NOI $142K/yr. $1.9M. 7.50% cap.
  3. Strip Center in Schaumburg, IL: 7200 SF strip center in growing and high income Chicago metro. 100% NNN leased to Subway, For Eyes, Thai Pepper, Staffing Office, Art & Beauty Salon,  Alonti Catering and Chiropractor. NOI $201K/yr. $2.69M. 7.50% cap.
  4. Hardee’s in Chester, VA: 3259 SF fast food restaurant on 1+ ac lot in a high income Richmond metro. Across from Home Depot and near I-95. 100% NNN leased with 9 yrs left to a strong franchisee with 334 units. NOI $73K/yr. $890K. 8.24% cap.
  5. Retail Center in Fairfield, OH: 7382 SF retail center remodeled in 2008.  On 1/2 ac lot near a busy intersection. 100% leased to good tenant mix. NOI $116K/yr. $1.1M. 10.59% cap.
  6. Retail Center in North Hollywood, CA: 10,336 SF two-story retail center built in 2008 on .33 ac lot at a signalized intersection in densely populated Los Angeles county. 100% leased. NOI $154K/yr. $2.2M. 7% cap.
  7. Strip Center in Median, ID: 4500 SF newly constructed strip center on .79 ac lot in high income Boise suburbs. Across from Lowes and near Kohl’s, Hobby Lobby, Walgreens and more. 100% NNN leased. NOI $76K/yr. $979K. 7.78% cap.
  8. Strip Center in Atlanta, GA: 10,800 SF strip center on over 1 ac lot with in an affluent (AHI $164K/yr) & fast growing area. NNN leased to multiple tenants. NOI $235K/yr. $2.785M. 8.45% cap.
  9. Retail Center in Lockport, IL: 19,180 SF retail center built in 2008 on 2.5 ac lot anchored by 8,000 SF Fresenius Medical Care in high income Chicago suburbs. 100% leased. NOI $270K/yr. $2.7M. 10% cap. 

© Transmercial 2012

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