12-20: Arby's, Jiffy Lube, MOB, Neighborhood Centers

1. Shopping Center in West Sacramento, CA: 22,198 SF shopping center built in 1992 on 1.61 ac lot at a signalized corner location. Close to Ikea, Walmart Supercenter, Home Depot and I-80. 92% NNN leased. NOI $435K/yr. $5.28M. 8.25% cap.
2. Retail Center in Centennial, CO: 12,370 SF 6-yrs old retail center on over 1 ac lot at a high traffic corner location & in affluent (AHI of $127K/yr in 1 mile) Denver metro. 100% leased to Maggie Smith’s Irish Pub, Continental Fabric Care, Anniversary Nails and Peakview Wine & Spirits. NOI $182K/yr. $2.8M. 6.53% cap.
3. Arby’s in Huntsville, AL: 2842 SF Arby’s Restaurant built in 2000 on 1.21 ac lot in growing and upper middle-class area. Off/on ramp Hwy-72. 100% absolute NNN lease with 7 yrs left. NOI $110K/yr with 3% increases every 2 yrs. $1.468M. 7.50% cap.
4. Retail Center in Saratoga, CA:  11,772 SF well maintained retail building at busy corner location in prosperous (AHI $204K/yr) neighborhood in Silicon Valley. 100% NNN leased to Crown Castle, Chase and Y&L Style Bar and Rejuve. NOI $399K/yr. $7.3M. 5.32% cap.
5. Jiffy Lube in Tucson, AZ: 1861 SF established three-bay auto center on .32 ac lot at a major corridor. Tenant has been at this location since 1982. 100% leased with 10 yrs left. NOI $50K/yr. $750K. 6.7% cap.
6. Neighborhood Center in Cary, NC: 33,080 SF shopping center built in 2003 on 4+ ac lot in growing Raleigh suburbs. Across Crossroads Plaza and next to I-440/40. $4.25M. while NOI/Cap not provided, It’s only $128/SF!.
7. MOB in Tempe, AZ: 24,121 SF well maintained medical office building in high income area. Close to 120-bed Banner Desert Medical Center, Fiesta Mall and Hwy-101. 85% leased to professional & medical tenants. NOI $203K/yr. $2.6M. 8% cap.
8. Strip Center in Crest Hill, IL: 9878 SF attractive strip center built in 2006 on 1 ac lot in fast growing (229.69% pop growth since 2000) Chicago metro. 100% NNN leased. NOI $182K/yr. $1.827M. 10% cap.
9. Retail Center in Saint Louis, MO: 11,201 SF retail center built in 2007 on 1.44 ac lot close to I-55. 100% NNN leased  to 2 credit tenants: Panera Bread and Dollar Tree. NOI $240K/yr. $2.4M. 10% cap.

© Transmercial 2012