Friday, October 25, 2013

10-11: MOB, Apartments, Strip Centers, IHOP, Taco Bell



  1. MOB in Yuba City, CA: 6964 SF 2-story Class-A medical office building completed in 2008 in growing city North of Sacramento. Close to Fremont Hospital. 100% NNN lased to multiple tenants. NOI $130K/yr. $1.858M. 7% cap.
  2. Retail Center in Mount Clemens, MI: 26,544 SF newly constructed retail center anchored by Dollar General in growing Detroit suburbs. All units face Hwy-97. Only one vacancy. NOI $288K/yr. $3.395M. 8.50% cap.
  3. Apartments in Hemet, CA: 22-unit apartment complex in growing and middle-class city in Southern CA. Close to schools, shopping centers and parks. 95% occupied. NOI $102K/yr. $1.55M. 6.60% cap.
  4. Strip Center in Riverside, CA: 10,148 SF fully remodeled strip center on nearly 1 ac lot along major corridor. 100% leased to Metro PCS, Food Market (Carniceria), Hair Salon, Vitamin Store and Nail Shop. NOI $94K/yr. $1.55M. 6.12% cap.
  5. Strip Center in Fredericksburg, VA: 4000 SF attractive strip center built in 2005 on .81 ac lot in growing (34.08% growth) and high income (AHI $92K/yr) area. Close to Walmart, Lowe’s, Mammaponax Factory Outlet Center, and I-95. 100% NNN leased. 7% cap. Price/NOI not disclosed.
  6. Taco Bell in Jacksonville, FL: 2808 SF built-to-suit Taco Bell completed in 2008 on .38 ac lot close to I-95. 15 yrs absolute NNN lease with 8 yrs left. NOI $175K/yr with 1.50% annual rent increases. $2.182M. 8.06% cap.
  7. Retail Center in Colorado Springs, CO: 12,130 SF well maintained retail center on 1.99 ac lot at major retail thoroughfare. In a growing (35.55% growth since 2000) and upper middle-class neighborhood. 85% leased. Actual NOI $124K/yr. $1.35M. 8% actual cap. Upside potential.
  8. IHOP in Gurnee, IL: 5284 SF IHOP restaurant on 1.85 ac lot in affluent Chicago suburbs with an AHI of $104K/yr in 1 mile. At main entrance into Six Flags Theme Park and visible from I-94.  100% NNN corp lease with 3 yrs left. NOI $165K/yr. 1.65M. 10% cap.

© Transmercial 2013

No comments:

Post a Comment