- Staples in Duarte, CA: 17,118 SF single tenant retail building extensively renovated in 2010 next to I-210 in densely populated Los Angeles metro. Neighboring big-box retailers include: Target, Best Buy and Wal-Mart. 100% NNN lease with 6 yrs left. $6.25M. 7% cap.
- Retail Center in Glendale, AZ: 11,960 SF retail center built in 2004 on nearly 2 ac lot at high traffic location in upper middle class (AHI $82K/yr in 1 mile) Phoenix metro. Across from Wal-Mart and near Arrowhead Town Center and Hwy-101. 100% NNN leased. $4.25M. Cap/NOI not provided.
- Burger King in Bartlesville, OK: 3586 SF fast food restaurant on 1.39 ac lot at a high traffic location near Jane Philips Medical Center and Eastland Shopping Center. 100% absolute NNN lease with 18½ yrs left to an operator with 26 units. NOI $83K/yr with 1.75% annual rent increases. $1.283M. 6.50% cap.
- Arby’s in Blaine, MN: 3946 SF Arby’s restaurant built in 20041.25 ac lot in growing Minneapolis metro. Across from Kohl’s and Menards hardware store. 20 yrs absolute NNN corp lease with 12 yrs left. NOI $174K/yr. $2.275M. 7.66% cap.
- Neighborhood Center in Charlotte, NC: 51,802 SF attractive neighborhood center on 10+ acres of land in growing and prosperous (AHI 117K/yr within 3 mile radius) area. Tenants include: Tuesday Morning, Unites States Performance Center, Hair Salon, Cleaners, Karate and Restaurants. 98% leased. NOI $341K/yr. $3.595M. 9.50% cap.
© Transmercial 2012
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