Thursday, March 14, 2013

02-27: Cheddar's Restaurant, Shopping Centers



  1. Strip Center in Chattanooga, TN: 6515 SF strip center built in 2007 on .47 ac lot in fast growing and high income (AHI $76K/yr) area. Close to Hamilton Place and I-75. 100% NNN leased to FedEx, T-Mobile, Gigi’s Cupcakes and CPR. NOI $162K/yr. $1.985M. 8.20% cap.
  2. Retail Center in Glendale, AZ: 12,500 SF attractive retail center at a signalized corner location in high income Phoenix suburbs. Near Bell Canyon Pavilions and I-17. NNN leases. NOI $158K/yr. $1.925M. 8.25% cap.
  3. Shopping Center in Albuquerque, NM: 51,713 SF shopping center consisting of four buildings renovated in 2007 on 6 ac outparcel to Walmart. Major Tenants include: 14,500 SF Dollar Tree, Furr’s, Radio Shack, Krispy Kreme and The UPS Store. 100% leased. NOI $818K/yr. $10.236M. 8% cap.
  4. Cheddar’s Restaurant in West Melbourne, FL: 8,000 SF newly constructed restaurant on nearly 3 ac lot along main retail corridor. Adjacent to Melbourne Square Mall. New 15 yrs absolute NNN corp lease. NOI $130K/yr with 10% rent bumps every 5 yrs. $2.166M. 6% cap.

           © Transmercial 2013

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