Tuesday, December 4, 2012

11-20: Golden Corral, Ruby Tuesday, KFC and A&W, Community Health Systems



  1. Retail Center in Eau Claire, WI: 15,183 SF attractive retail center built in 2003 on 2+ ac outparcel to Festival Foods grocery. Close to Oakwood Mall and Hwy-93/53. Tenants include: Famous Dave's, Northwestern Bank, Little Caesars, Clearwater Chiropractic, Scottrade Inc., and Weight Watchers. 100% NNN leased. NOI $231K/yr. $3M. 7.71% Cap.
  2. Golden Corral in Dallas, TX: 9966 SF Golden Corral Buffet Restaurant built in 2000 on 1.53 ac lot adjacent to Southwest Center Mall, a 1.4M SF mall anchored by Macy’s, Sears and Burlington Coat Factory. Close to Methodist Charlton Medical Center, Hwy-67 and I-20. New 15 yrs absolute NNN lease to the largest Golden Corral franchisee with 200+ units. This is as sale leaseback investment. NOI $225K/yr with 10% rent bumps every 5 yrs. $2.813M. 8% cap.
  3. Ruby Tuesday in Mason, OH: 5097 SF high performing Ruby Tuesday Restaurant built in 2002 on 1.28 ac lot in affluent (AHI $113K/yr) Cincinnati metro. Less than 1 mile from King Island, the largest amusement/water park in the Mid-West with 3M visitors annually. Close to I-71. New 15 yrs absolute NNN corp lease. This is a sale & leaseback investment. NOI $140K/yr with 2% annual rent increases. $2.247M. 6.25% cap.
  4. KFC and A&W in Lawrenceville, GA: 2920 SF dual-branded KFC and A&W fast food restaurant built in 2004 on 1 ac lot in fast growing and high income Atlanta suburbs. Close to Gwinnett Technical College and Gwinnett Medical Center. New 20 yrs absolute NNN lease to strong franchisee with 171 units. NOI $52K/yr with 10% rent bumps every 5 yrs. $808K. 6.50% cap.
  5. Retail Center in Omaha, NE: 11,250 SF retail center on .8 ac corner lot across from Bag N Save grocery center.  100% NNN leased to 7 tenants.  NOI $102K/yr. $1.247M. 8.25% cap.
  6. Strip Center in North Miami Beach, FL: 9047 SF stable strip center on .50 ac corner lot. Next to from Mall at 163rd Street, Home Depot and Walmart Supercenter. Tenants include: Doctor, Lawyer, Tax Office, Salon, Cafeteria and Market. 100% leased to long term tenants. NOI $115K/yr. $1.65M. 7% cap.
  7. Community Health Systems in Riverside, CA: 10,000 SF 14-bed health center completely renovated in 20012 on 1+ ac lot  in densely populated area. 15 yrs NNN lease. 7.50% cap. Price/NOI not disclosed.

© Transmercial 2012
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)