Monday, July 8, 2013

06-24: Walgreen's, Starbucks, Chuck E. Cheese's, PetSmart



  1. Walgreen’s in Malden, MA: 13,855 SF drug store built in 2001 on 1.63 ac lot in densely populated Boston metro with nearly 500,000 residents in 5 mile radius. 20 yrs NNN- corp lease with 6+ yrs left. NOI $420K/yr. $6M. 7% cap.
  2. Starbucks in Walker, MI: 2138 SF attractive Starbucks Coffee on .58 ac lot at a busy retail corridor in Grand Rapids suburbs. Close to I-96. 10 yrs NNN corp lease with 5 yrs left. NOI $132K/yr. $1.889M. 7% cap.
  3. Shopping Center in San Bernardino, CA: 29,650 SF well maintained inline shopping center on over 3 ac lot in growing city just East of Los Angeles. Shadow anchored by Ralph’s grocery. On an off/on ramp of I-215. 97% leased with a strong tenant mix. NOI $358K/yr. $5.98M. 6% cap.
  4. Strip Center in Kissimmee, FL: 6140 SF attractive strip center on .66 ac lot at a hard corner location in Orlando suburbs. 100% NNN leased. NOI $120K/yr. $1.2M. 10% cap.
  5. Strip Center in Houston, TX: 7200 SF attractive strip center at a signalized location next to I-45. 76% NNN leased. NOI $74K/yr. $925K. 8% cap.
  6. Chuck E. Cheese’s in Indianapolis, IN: 12,820 SF well-maintained Chuck E. Cheese in a growing and high income area. Close to Castleton Square Mall and I-465.  100% NNN corp lease with 5 yrs left. NOI $164K/yr. $2.305M. 7.15% cap.
  7. Retail Center in Mesa, AZ: 20,000 SF consisting of twelve-unit retail center and seven automotive repair facilities at a main thoroughfare in Phoenix suburbs. 100% leased. NOI $150K/yr. $1.5M. 10% cap.
  8. Office Building in Jupiter, FL: 5310 SF Class-A office building in affluent neighborhood just North of Fort Lauderdale conveniently located at main retail corridor near Jupiter Medical Center. 100% NNN leased. NOI $109K/yr. $1.46M. 7.50% cap.
  9. Office Building in Highlands Ranch, CO: 34,796 SF Class-B office building in affluent Denver suburbs with an AHI of $115K/yr within in 3 mile. Located in the middle of Highland Ranch Business Park. 93% NNN leased to multiple tenants. NOI $291K/yr. $3.85M. 7.56% cap.
  10. PetSmart in Fredericksburg, VA: 20,140 SF single-tenant PetsMart in high-growth & high income Washington DC suburbs. Shadow-anchored by Target. Close to I-95. 100% NNN leased. NOI $415K/yr. $4.718M. 8.75% cap.

© Transmercial 2013
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