Friday, January 17, 2014

01-03: Burlington Coat Factory, Arby's, Starbucks, Goodyear, MOB



  1. Burlington Coat Factory in Waco, TX: 76,316 SF well maintained Burlington Coat Factory on over 5 ac lot along major corridor. Across from Richland Mall, with Dillards, JCPenney, Bealls and Sears. Close to Providence Health Center and Hwy-6. 10 yrs NN- corp lease with 7 yrs left. NOI $549K/yr. $5.233M. 10.50% cap.
  2. Arby’s in Renton, WA: 3322 SF Arby’s restaurant built in 2000 on .87 ac lot along busy retail corridor in upper middle-class Seattle suburbs. Across from Fred Meyer center. Close to Valley Medical Center and Hwy-167. 20 yrs absolute NNN corp lease with 5 yrs left. NOI $ 137K/yr. $2.04M. 6.75% cap.
  3. Starbucks in Racine, WI: 1738 SF attractive drive-thru Starbucks Coffee on .45 ac lot in Milwaukee suburbs. Outparcel to 872,409 SF Regency Mall, with over 110 stores.  100% NNN lease with 5 yrs left. NOI $86K/yr. $1.44M. 6.02% cap.
  4. Apartments in Avondale, AZ: 150 units well maintained multifamily complex on 4.59 ac lot in growing Phoenix suburbs. Amenities include swimming pool and spa, playground, leasing office, on-site laundry facility, secured access gates and charcoal barbecues. Close to schools, parks, shopping centers and I-10. 90% occupied. Actual NOI $475K/yr. $6.8M. 6.99% cap.
  5. Goodyear in Frisco, TX: 6864 SF Goodyear built in 2005 on .91 ac lot in growing (82.71% growth since 2000) and affluent (AHI $115K/yr in 1 mile) Dallas metro. Close to Centennial Medical Center and Hwy-121. 15 yrs NNN lease with 8 yrs left. NOI $141K/yr. $2.1M. 6.74% cap.
  6. Shopping Center in Santa Rosa, CA: 41,565 SF attractive shopping center built in 1992 on 3+ ac lot at a hard corner location North of San Francisco. Shadow-anchored by 60,913 SF Raley’s grocery store. Actual NOI $752K/yr. Price/Cap N/A.
  7. Retail Center in Maple Plain, MN: 26,000 SF well kept retail center in high income Minneapolis suburbs with an AHI of $101K/yr in 3 mile radius. 5 ac lot included in the price. 100% leased. $1.9M. NOI/Cap N/A.
  8. MOB in Fresno, CA: 6581 SF attractive medical office building close to Hwy-41. 100% leased to multiple tenants. NOI $98K/yr. $1.399M. 6% cap.

            (c) Transmercial 2014

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