- Advance Auto Parts in Austin, TX: 7000 SF auto center built in 2005 on 1.34 ac lot in fast growing and high income area with AHI of $90K/yr in 1 mile. 15 yrs NNN- corp lease with 8 yrs left. NOI 140K/yr with 10% rent increase in 2015. $1.8M. 7.78% cap.
- Retail Center in Romeoville, IL: 11,830 SF L-shaped retail center built in 1999 in close proximity to I-55 in Chicago suburbs. 100% leased to Tuffy Auto, State Farm, A & E Integrated Health and Fat Ricky’s. Property in Will county with low property taxes. NOI $157K/yr. $1.55M. 10.17% cap.
- CVS (S&P BBB+) in Laveen, AZ: 13,013 SF drug-store built in 2006 on 2 ac lot at a hard corner location in high income and booming (936.22% pop growth since 2000) Phoenix suburbs. Across the street from Home Depot and Fry’s Supermarket. 23 yrs absolute NNN corp lease with 16 yrs left. NOI $382K/yr. $5.46M. 7% cap.
- Family Dollar in Syracuse, NY: 8320 SF brand new Family Dollar on .89 ac lot in densely populated area. Near I-81. New 10 yrs NNN- corp lease. NOI $128K/yr. $1.599M. 8% cap.
- Retail Building in Atlanta, GA: 3850 SF retail building constructed in 2000 on 1.19 ac outparcel to Kroger supermarkets at a busy corridor. 100% NNN leased to Popeye’s and Subway. NOI $84K/yr. $950K. 8.50% cap.
- Shopping Center in San Jose, CA: 10,375 SF L-shaped well maintained shopping center at established and affluent (AHI $118K/yr) residential community. 100% NNN leased. NOI $250K/yr. $3.709M. 6.75% cap.
- Family Dollar in Delton, FL: 9200 SF retail building constructed in 2011 on 1 ac lot in fast growing North of Orlando. Across from Publix anchored center. 10 yrs corp NNN- lease. NOI $132K/yr. $1.698M. 7.81% cap.
- Strip Center in Colorado Springs, CO: 20,201 SF strip center at main retail corridor in high income area. Close to Chapel Hills Mall and I-25. 100% NNN leased with long-term leases. NOI $415K/yr. $5.94M. 7% cap.
© Transmercial 2012
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