- Strip Center in Detroit, MI: 3533 SF strip center next to Metro Foodland supermarket and across from CVS pharmacy. Along major thoroughfare and near Fwy-39. 100% NNN leased to GameStop, Check n’ Go and Fish Express. NOI $68K/yr. $725K. 9.50% cap.
- MOB in Canton, GA: 11,050 SF Class B medical office building constructed in 2005 on 2.38 ac lot in fast growing middle class Atlanta suburbs. Near 455-bed Northside Hospital. 100% leased by an Eye Clinic, and Allergy & Asthma clinic. NOI $197K/yr. $2.32M. 8.50% cap.
- MOB in Phoenix, AZ: 8750 SF MOB consisting of two buildings on 1 ac lot at busy retail corridor. Recent upgrades include: new roof, new HVAC units, new interior in one of the units and parking resealed in 2007. Both tenants have been at these locations for 10+ yrs. 100% leased. NOI $102K/yr. $1.2M. 8.50% cap.
- Retail Center in Harwood Heights, IL: 24,660 SF established retail center consisting of two buildings on 1+ ac lot. In densely populated area with over 600K residents in 5 miles and middle-class (AHI $76K/yr) Northwest of Chicago. Close to Resurrection Medical Center and I-90. 100% NNN leased to 14 tenants. NOI $344K/yr. $4.5M. 7.70% cap.
- Value Pawn in Tampa, FL: 4900 SF single tenant retail center on ½ ac lot on a major artery. Close to BJ’s Wholesale Club and Walmart center. New 10 yrs NNN lease by Value Pawn. NOI $67K/yr. $895K. 7.50% cap.
- Taco Bell in Orchard Park, NY: 2806 SF Taco Bell restaurant built in 2011 on .88 ac lot across from Lowe’s anchored center in high income (AHI $89K/yr in 1 mile) Buffalo suburbs. 20 yrs absolute NNN lease with 19 yrs left to a strong franchisee with 19 units. NOI $141K/yr with 8% rent increases every 5 yrs. $1.957M. 7.25% cap.
© Transmercial 2012
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