Friday, December 14, 2012

11-30: shopping centers, Advance Auto, Walgreens


  1. Strip Mall in Stratford, CT: 12,023 SF strip center on .83 ac lot.  100% leased to many national tenants including Subway, Little Caesars and HR Block.  NOI $136K/yr. $1.95M. 8.7% cap. 
  2. Shopping Plaza in Omaha, NE: 104,563 SF matured shopping plaza on 10.7 ac lot next to I-80 exit.  NOI $600K/yr.  $7.5M. 8% cap. 
  3. Shopping Center in Katy, TX: 32,680 SF upscale retail center built in 2010 on 3.32 ac lot in high income Houston suburbs.  100% NNN leased.  NOI $661K/yr. $8M. 8.27% cap. 
  4. Retail center in Orange, CA: 8200 SF multi-tenant retail center on .58 ac lot in high income (AHI $94K/yr) and densely-populated (450K residents in 5 mile) city in Southern CA.  100% leased.  NOI $73K/yr. $1.35M.  Just $165/SF in CA! 
  5. Advance Auto in Smyrna, TN: 7000 SF Auto parts store on .82 ac lot in fast growing Nashville suburbs.  Close to Nissan plant with over $1B recently invested.  100% NNN- with 9 yrs left.  NOI $89K/yr. $1.276M. 7% cap. 
  6. Shopping Center in Glendale, AZ: 18,021 SF 9-unit shopping center on 1.27 ac lot in middle class Phoenix metro.  76% leased. Current NOI $123K/yr. $1.45M. 8.54% cap. 
  7. Retail Center in Chanhassen, MN: 19,932 SF established shopping center in excellent condition  on 1.65 ac lot in affluent (AHI $150K/yr) St. Paul/Minneapolis suburbs.  90% leased to 7 tenants.  NOI $224K/yr. $2.9M. 8% cap. 
  8. Walgreens in Des Plaines, IL: 14.320 SF drug store on 1.43 ac lot in high income Chicago metro. 100% NNN- leased.  NOI $333K/yr. $5.696M. 7.25% cap. 
  9. Auto Retail Center in Lakeside, CA: 10,240 SF multi-tenant auto retail center on .76 ac lot.  Anchored by PepBoys auto.  Adjacent to Fresh & Easy, and Walgreens.  NOI $99K/yr. $1.48M. 6.7% cap.


© Transmercial 2012

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