- Strip Center in Gurnee, IL: 9697 SF strip center on 1.84 ac lot along main retail corridor in growing middle-class Chicago suburbs. Close to Six Flags Great America. 100% NNN leased to Sprint, Jimmy John’s, T-Mobile and Accelerated Health Systems. NOI $188K/yr. $2.515M. 7.50% cap.
- Texas Roadhouse Grill in Marietta, GA: 7096 SF steakhouse restaurant in growing Atlanta suburbs. Close to Town Center at Cobb, with over 175 stores. On an off/on ramp of I-575. 100% NNN corp recently extended lease with 4-yrs left. NOI $224K/yr. $3.1M. 7.25% cap.
- Texas Roadhouse Grill in Memphis, TN: 7111 SF steakhouse on 2 ac lot in a high income area. Between Wolfchase Galleria and I-40. 100% corp NNN lease. NO $208K/yr with a 10% rent bump in 1-yr. $2.875M. 7.25% cap.
- Wendy’s in Boise, ID: 2960 SF well maintained franchised fast food restaurant on .75 ac lot close to Boise State University. New 20-yrs NNN lease to franchisee with 12 units. NOI $1.25M. 6% cap.
(c) Transmercial 2014
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