Wednesday, February 12, 2014

01-28: Fist Choice ER, Buca di Beppo, Burger King, CVS, MOB



  1. First Choice ER in Deer Park, TX: 6,500 SF freestanding emergency room renovated in 2013 on .64 ac lot in fast growing Houston suburbs. 7 yrs NNN- lease with 6+ yrs left. NOI $165K/yr with a 10% rent bump in year 6. $2.456M. 6.75% cap.
  2. Buca di Beppo in Greenwood, IN: 7678 SF Italian Restaurant along Hwy-31 in Indianapolis suburbs. Near Greenwood Park Mall, with Macy’s, Sears, Barns & Noble, JCPenney and Dick’s Sporting goods. New 20 yrs NNN lease. NOI $111K/yr. $1.6M. 6.97% cap.
  3. Office Building in Rocklin, CA: 6000 SF attractive office building completed in 1990 in growing high income Sacramento suburbs. Close to 328-bed Sutter Roseville Medical Center, Westfield Galleria at Roseville and I-80. 100% leased to three tenants. NOI $62K/yr. $886K. 7% cap.
  4. MOB in Pomona, CA: 6770 SF well maintained medical office building in Los Angeles suburbs. Close to 453-bed Pomona Valley Hospital Medical Center and I-10. 100% leased to multiple medical tenants. NOI $123K/yr. $1.349M. 7% cap.
  5. Retail Center in Jacksonville, FL: 11,000 SF beautiful retail center built in 2011 on over 1 ac lot in a growing area. $935K. NOI/Cap N/A.
  6. Retail Center in Glendale, AZ: 22,280 SF retail center on 2+ ac lot next to Fwy-101 in affluent (AHI $109K/yr.) Phoenix metro. Shadow anchored by Albertson’s. 100% leased.  NOI $443K/yr. $6.285M. 7.05% cap.
  7. Burger King in Wichita, KS: 4764 SF drive-thru fast food restaurant built in 1999 on .67 ac lot with easy access to I-135. 100% absolute NNN lease with 5-yrs left to experienced franchisee with 57 units. NOI $102K/yr. $1.024M. 10% cap.
  8. Office Building in North Richland Hills, TX: 24,632 SF Class-B office building on 2+ ac corner lot in growing and upper  middle-class Fort Worth metro. Close to I-820.  90% leased to multiple tenants. NOI $148K/yr. $1.745M. 8.50% cap.
  9. CVS in Baltimore, MD: 12,608 SF CVS pharmacy built in 1995 on .61 ac lot in densely populated (over 490,000 residents in 5 mile radius) & meddle-class area. 20-yrs NNN- lease with 1+ yr left. NOI $164K/yr. $1.828M. 9% cap.
  10. Neighborhood Center in Carle Place, NY: 51,800 SF shopping center in densely populated and affluent (AHI $111K/yr) New York metro. Close to 2,244,581 SF Roosevelt Field Mall, the 2nd largest high-end mall in New York.  100% leased. NOI $1,12M/yr. $16M. 7% cap.
           
            (c) Transmercial 2014
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