Wednesday, July 24, 2013

07-10: Hardee's, Mr. Gatti's Pizza, Office Buildings, Shopping Centers



  1. 7-Eleven Retail Center in La Mesa, CA: 7248 SF well maintained retail center in densely populated San Diego County. Anchored by 7-Eleven which has been at this locations for nearly 40 yrs. Across from Costco and near I-8. NNN leases. Pro forma NOI $110K/yr. $1.705M. 6.50% cap.
  2. Retail Building in Midland, TX: 70,701 SF shopping center in growing & high income (AHI $100K/yr in 1 mile) oil and gas town. Close to Midland Park Mall and with easy access to Hwy-250. 100% NNN leased to T.J. Maxx/HomeGoods. NOI $377K/yr. $5.811M. 6.50% cap.
  3. Shopping Center in Lancaster, CA: 28,301 SF consisting of four retail buildings completed in 1991 on nearly 3 ac lot in growing town just North of Los Angeles. Shadow-anchored by high performing Albertson’s grocery. National tenants include: Jack in the Box and Starbucks Coffee. 92% NNN leased.  NOI $639K/yr. $8.8M. 7.27% cap. Upside potential.
  4. Hardee’s in Charlotte, NC: 3157 SF recently renovated fast food restaurant on .71 ac lot on a off/on ramp of I-85. 10 yrs NNN lease with 9 yrs left. NOI $70K/yr with 12% rent increases every 5 yrs. $1.103M. 6.40% cap.
  5. Office Building in Colton, CA: 19,290 SF Class-B office building on 1 ac lot close to I-215. & I-10. 95% leased with strong professional tenant mix.  NOI $196K/yr. $2.8M. 7% cap.
  6. Shopping Center in Plano, TX: 35,053 SF shopping center on 3+ ac outparcel to Target in growing and high income Dallas suburbs. Close to Hwy-75. 85% leased with good tenant mix. NOI $426K/yr. $5.575M. 7.65% cap.
  7. Mr. Gatti’s Pizza in Lubbock, TX: 25,560 SF Mr. Gatti’s Pizza renovated in 1998 in fast growing area. Tenant has been at this location for 15 yrs. 100% NNN lease with 5 yrs left. NOI $172K/yr. $1.917M. 9% cap.
  8. Office Building in Lisle, IL: 47,803 SF Class-B office building on over 1 ac lot in high income Chicago suburbs with an AHI of $116/yr in 3 miles. Next to I-88. 100% NNN leased to multiple tenants. NOI $624K/yr. $6.95M. 8.99% cap.
  9. Shopping Center in St. Petersburg, FL: 61,757 SF attractive shopping center on 6.59 ac lot along main retail corridor. Close to I-275. Major tenants include: Dollar Tree, Edge Fitness, Radio Shack, Beef O’Brady’s and Domino’s Pizza. 80% leased. $4.35M. NOI/Cap not provided.

© Transmercial 2013
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)