Monday, January 6, 2014

12-17: U.S. Cellular, Kiddie Academy, Strip Centers




  1. U.S. Cellular (S&P BBB-) in Milwaukee, WI: brand new 3732 SF retail building on nearly 1 ac lot along major retail artery. 7 yrs NNN- copr lease. NOI $89K/yr with a rent bump in year 6. $1.156M. 7.75% cap.
  2. Strip Center in Rialto, CA: 4800 SF attractive strip center in growing middle-class San Bernardino County. 100% leased to 99cents store, donuts, barber shop and real estate office. NOI $62K/yr. $895K. 7% cap.
  3. Shopping Center in Tampa, FL: 38,540 SF shopping center completed in 2007 on over 5 ac lot at a hard corner location. Anchored by Family Dollar and Village Meats & Market. 92% NNN leased to 9 tenants. NOI $383K/yr. $5.475M. 7% cap.
  4. Kiddie Academy in Gainesville, FL: 9022 SF built-to-suit daycare center constructed in 2009 on .86 ac lot in growing and high income area with an AHI of $90K/yr in 1 mile. 15 yrs NNN- lease with 11 yrs left. NOI $188K/yr. $2.095M. 9% cap.
  5. Retail Center in Tempe, AZ: 8,750 SF attractive strip center built in 2006 at a signalized location in high income Phoenix suburbs. Adjacent to Albertson’s center. 86% NNN leased. NOI $227K/yr. $3.036M. 7.50% cap.
  6. Retail Center in Palm Harbor, FL: 11,000 SF well maintained retail center along main retail thoroughfare. Across from Publix grocery center. 100% NNN leased. NOI $114K/yr. $1.4M. 8.20% cap.
  7. Neighborhood Center in Aurora, CO: 96,100 SF well kept shopping center on 9+ ac lot in growing upper middle class area Denver suburbs. Anchored by Vitamin Cottage Natural Grocers, Armbrust Pro Gym and Dry Dock Brewing.  Excellent ingress/egress.  98% NNN lease with only 1 vacant unit. NOI $1.065M/yr. $12.9M. 8.26% cap.
  8. Retail Center in Hurst, TX: 26,553 SF attractive retail center on 3 ac outparcel to Super Target in Fort Worth suburbs. Close to North East Mall and I-820. 77% leased. NOI $99K/yr. $1.2M. 8.32% cap.
  9. Shopping Center in Des Plaines, IL: 34,267 SF shopping center built in 2008 in Chicago suburbs. Adjacent to Dominick’s grocery. 96% NNN leased with strong national tenants. NOI $600K/yr. $7.284M. 8.25% cap.

            (c) Transmercial 2013
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