- Shopping Center in Lighthouse Point, FL: 27,928 SF well maintained shopping center along Hwy-1 in high income Fort Lauderdale suburbs. Close to Pompano Citi Centre, an open-air Mall. 100% leased. NOI $455K/yr. $6.1M. 7.47% cap.
- Long John Silver’s in Rockwall, TX: 2818 SF franchised seafood restaurant constructed in 1990 on .46 ac lot in growing and high income Dallas suburbs. On/off ramp of I-30. Brand new 10-yrs NNN lease to experienced franchisee with over 153 units. NOI $80K/yr with 10% rent increases every 5-yrs. $1.103M. 7.25% cap.
- Burger King in Euclid, OH: 4330 SF drive-thru fast food restaurant built in 2003 on .80 ac outparcel to Dave’s grocery center in Cleveland suburbs. Close to Euclid Hospital. 100% absolute NNN ground lease (land for sale) with 9+ yrs left to world’s largest franchisee with over 575 units. NOI $62K/yr with 12% rent bump in 2018. $1.09M. 5.75% cap.
- Anytime Fitness in Sparks, NV: 4790 SF attractive fitness center built in 2008 on .60 ac lot in high income ($81K/yr in 1 mile) Reno suburbs. 100% NNN lease with 3 yrs left. NOI $76K/yr with a 3% rent bump in 2016. $932K. 8.25% cap.
- Strip Center in Los Angeles, CA: 2400 SF strip center built in 1990 at a corner location in densely populated area with over 1.2M residents in a 5 mile radius. 100% NNN leased to Subway, GA Insurance, and Boost Mobile. NOI $54K/yr. $988K. 5.50% cap.
- Walgreens in Sun City, AZ: 16,520 SF drive-thru drug store on 1+ ac lot at a signalized corner location in Phoenix metro. 100% NNN lease with 7-yrs left. NOI $285K/yr. $3.935M. 7.25% cap.
(c) Transmercial 2014
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