- Walgreen’s in Waterford, MI: 14,490 SF attractive drug-store built in 2003 on 2.57 ac lot at a signalized corner location in Detroit suburbs. Across from Meijer grocery. 100% NNN corp lease with 10 yrs left. NOI $474K/yr. $6.549M. 7.25% cap.
- Applebee’s in Venice, FL: 5060 SF Applebee’s restaurant on 1 ac outparcel to power center anchored by Target, Bealls and Staples. At main retail corridor North of Cape Coral. 20 yrs absolute NNN lease with 14+ yrs left to strong operator. NOI $217K/yr with 1.5% annual rent increases. $3.46M. 6.30% cap.
- MOB in Fort Worth, TX: 9824 SF Class-A medical office building completed in 2012 on 1.27 ac lot in booming (1,003.50% pop growth) & affluent (AHI $101K/yr) neighborhood. 100% NNN leased to US Renal Care Dialysis, Orthodontist and Thinique medical Weightloss. NOI $243K/yr. $3.038M. 7.75% cap.
- Buffet King in Fort Worth, TX: 7525 SF buffet restaurant on .90 ac lot at a main corridor in high income area. Rebuilt in 2011. 100% absolute NNN lease with 4 yrs left. NOI $96K/yr. $1.2M. 8% cap.
- Retail Center in Houston, TX: 27,600 SF retail center at a major retail corridor. Near Houston Northeast Medical Center and I-45. NOI $286K/yr. $2.9M, 9.88% cap.
- Strip Center in Sacramento, CA: 3110 SF strip center built in 2008 on .80 ac lot at a hard corner location. 100% NNN leased to 2 tenants: Cash 1, and Circle S Deli. NOI $95K/yr. with 2% and 4% annual rent bumps. $1.19M. 8.02% cap.
- Starbucks Coffee in Mesa, AZ: 800 SF Starbucks Coffee built in 2012 on .68 ac lot in high income Phoenix suburbs. 10 yrs NNN corp lease with 9 yrs left. NOI $93K/yr. $1.465M. 6.35% cap.
- Retail Center in Austin, TX: 16,000 SF well kept two-story retail center off/on ramp Hwy-183. 100% NNN leased to seven tenants. NOI $150K/yr. $1.772M. 8.50% cap.
- Apartments in San Jose, CA: 7-units well maintained apartment complex close Downtown and San Jose State University. 100% occupancy. NOI $56K/yr. $995K. 5.66% cap.
© Transmercial 2013
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