Tuesday, February 4, 2014

1-21: BWW, KFC, Retail Centers, Office Buildings



  1. Office Building in Schaumburg, IL: 31,332 SF Class-A office building in growing and high income (AHI $88K/yr in 3 mile radius) Chicago suburbs. Close to Wooddield Mall and next to I-90. 100% leased to multiple tenants. NOI $133K/yr. $1.6M. 8.37% cap.
  2. Retail Center in Westerville, OH: 39,532 SF high-quality constructed retail center along major retail corridor in affluent Columbus metro with AHI of $112K/yr in 1 mile. Outlot to Meijer supermarket and across from Kroger grocery center. 84% leased. 8.25% cap. NOI/Price N/A.
  3. Shopping Center in Moraine, OH: 76,723 SF well maintained shopping center on 4+ ac outparcel to Kroger grocery in Dayton suburbs. National tenants include: H&R Block, Dollar General, Rent-A-Center and Family Dollar. 67% leased. NOI $450K/yr. $3.75M. 12% cap. 
  4. Buffalo Wild Wings in Lansing, IL: 8000 SF Buffalo Wild Wings restaurant renovated in 2009 on nearly 1 ac lot in upper middle class & densely populated Chicago metro. New 10 yrs NNN lease. NOI $108K/yr with 7.5% rent increases every 5 yrs. $1.661M. 6.50% cap.
  5. Neighborhood Center in Phoenix, AZ: 110,188 SF attractive shopping center remodeled in 2004 on over 10 ac lot at a hard corner location. Close to John C. Lincoln Deer Valley Hospital and I-17. 86% leased with excellent tenant mix. $12.8M. 7.15% cap.
  6. Retail Center in Sacramento, CA: 17,403 SF retail center built in 2007 on 1.77 ac lot at a signalized intersection and close to I-80. 86% leased. Actual NOI $429K/yr. $5.695M. 7.54% cap. Upside potential.
  7. Retail Center in Baton Rouge, LA: 14,875 SF L-shaped well kept retail center at a signalized location. Near Hwy-61. 85% NNN leased. NOI $267K/yr. $2.975M. 9% cap.
  8. KFC in North Olmsted, OH: 2813 SF attractive fast food restaurant on 1.36 ac lot in Cleveland suburbs. Close to Westfield Great Northern Mall and I-480. This is a sale-leaseback investment. Long NNN lease. NOI $59K/yr. $796K. 7.50% cap.
  9. Strip Center in Boca Raton, FL: 6500 SF attractive strip center in high income Fort Lauderdale suburbs. 100% NNN leased to three long term tenants. NOI $136IK/yr. $1.65M. 8.29% cap.
  10. Retail Center in Jefferson, IN: 14,490 SF retail center on 1.76 ac lot in growing and high income Louisville suburbs. National tenants include: Goodwill & State Farm. Only two vacancies. NOI $144K/yr. $1.8M. 8% cap.

            (c) Transmercial 2014

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