Tuesday, November 27, 2012

11-13: Chestnut Market, Frontera Mex-Mex Grill, Cash America Pawn, My Big Fat Greek Restaurant



  1. Chestnut Market in Alameda, CA: 6600 SF free-standing building on .16 ac lot at a hard corner location east of San Francisco. Close to Alameda Hospital. About 8 yrs old roof and over $160K in façade renovation. 10 yrs NNN lease to a stable tenant with 8 yrs left. NOI $129K/yr. $1.8M. 7.2% cap. Note: No flyer, full brochure upon request.
  2. Shopping Center in Parker, CO: 51,743 SF shopping center built in 1994 on 4.62 ac lot at main corridor in affluent Denver suburbs. Near Parker Adventist Hospital . 100% NNN leased to Sprouts Farmers market and Parker Payless Liquors. NOI $786K/yr. $9.83M. 8% cap.
  3. Shopping Center in Littleton, CO: 45,072 SF shopping center on 4+ ac lot at a major retail corridor in high income Denver metro. Near Littleton Adventist Hospital and Hwy-470. 100% NNN leased to Dollar Tree and Goodwill. NOI $399K/yr. $5M. 8% cap.
  4. Retail Building in Pueblo, CO: 7840 SF retail building remodeled in 2008 on 1.42 ac outparcel to Home Depot, next to Sam’s Club and next to I-25. Close to Pueblo Mall. Nearby tenants include: Wal-Mart, T-J Maxx, Ross, Cine Mark, Kmart and more. 100% NNN leased to Verizon Wireless (national) and EyeMart Express (regional). NOI $177K/yr. $2.315M. 7.65% cap.
  5. Frontera Mex-Mex Grill in Snellville, GA: 4100 SF well kept restaurant on .69 ac lot along Hwy-78 in Atlanta metro. New 10 yrs NNN corp lease to growing tenant with 12 locations in Atlanta. NOI $122K/yr with 10% rent bumps every 5 yrs. $1.533M. 8% cap.
  6. Buffalo Wild Wings in Warrenville, IL: 6400 SF restaurant built in 2004 on 1.61 ac lot at main retail corridor in affluent (AHI $126K/yr in 1 mile) Chicago suburbs. Near I-88. New 10 yrs absolute NNN lease. NOI $211K/yr with a 7.5% rent increase in yr 6th. $3.25M. 6.50% cap.
  7. Cash America Pawn in Federal Way, WA: 8970 SF retail center built in 2000 on .69 ac lot in Seattle metro. Close to The Commons  at Federal Way, a regional mall and I-5. 100% NNN corp lease with 8 yrs left. $198K/yr with 2% annual rent increases. $2.4M. 8.25% cap.
  8. My Big Fat Greek Restaurant in Temecula, CA: brand new 3400 SF restaurant on .73 ac lot in high income Riverside County. Across from Promenade Temecula, a 1.4M SF Regional Mall. 10 yrs absolute NNN lease to a proven restaurant concept with 19 locations across the US. NOI $118K/yr with 10% rent bumps every 5 yrs. $1.697M. 7% cap.
  9. Strip Center in San Fernando, CA: 5562 SF well maintained strip center on .31 ac lot at a hard corner location in densely populated Lon Angeles County. Close to Providence Holy Cross Med Center and on/off ramp I-5. $1.65M. NOI/Cap not provided.
© Transmercial 2012

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