- Tire Kingdom in Sunrise, FL: 6152 SF auto center built in 1995 on 1.29 ac outparcel to Sawgrass Mills Mall with over 350 stores. Great demographics: growing and high income Fort Lauderdale suburbs with an AHI of $91K/yr in 1-mile. 100% absolute NNN corp lease with over 10-yrs left. NOI $105K/yr with 8% rent bumps every 5-yrs. $1.615M. 6.50% cap.
- Retail Center in McDonough, GA: 10,767 SF retail center on 1 ac lot in growing Atlanta suburbs. 100% NNN leased to Dunkin Donuts, Jimmy Johns, Metro PCS, Dentistry for Children, and Fallas Family Vision. Close to I-75. NOI $233K/yr. $3.05M. 7.50% cap.
- Retail Center in Houston, TX: 27,000 SF 10-units attractive retail center in densely populated area. 100% leased. NOI $238K/yr. $2.65M. 9% cap.
- Famous Dave’s in Orland Park, IL: 5250 SF free standing restaurant on 1.36 ac lot at a signalized corner location. Close to Tinley Park Plaza, anchored by Menards grocery and Hobby Lobby. Just minutes from Ingalls Memorial Hospital. 100% NNN corp lease. NOI $133K/yr with a rent bump in 2016. $2.195M. 6.07% cap.
- Strip Center in Riverton, UT: 6856 SF attractive strip center built in 2004 on .71 ac lot in affluent Salt Lake City with an AHI of $103K/yr in 3 mile radius. 100% NNN leased to Subway, Daylight Donuts, UPS (lease pending), Check N Go, and Vapor Craziness. NOI $132K/yr. $1.735M. 7.62% cap.
- Retail Centers in Farmers Branch, TX: 26,413 SF consisting of two retail buildings completed in 1999 on 3 ac lot in Dallas suburbs. All units face main corridor. Close to Brookhaven College, Galleria Dallas, Valley View Center and I-635. 100% leased. NOI $492K/yr. $6.5M. 7.57% cap.
- Mix-used in Santa Rosa, CA: 16,591 SF L-shaped well kept retail/office center on 1.64 ac lot in growing middle-class area North of San Francisco. Next to Hwy-101. 76% leased. Actual NOI $161K/yr. $2.15M. 7% cap. Upside potential when fully leased.
(c) Transmercial 2014
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