Monday, May 5, 2014

04-21: Verizon Wireless, MOB, Captain D's, Retail Buildings



  1. Retail Center in Bolingbrook, IL: 17,960 SF attractive retail center on 3 acres lot in Chicago suburbs just off Hwy 355.  On an outlot to Meijer’s Supermarket. Adjacent to Promenade Bolingbrook Mall. Across from IKEA and Costco. 93% leased to mostly brand-name tenants:  Five Guys Burgers, T-Mobile, UPS, LA Tan, Great Clips, Quizno' s, Elegant Nail salon, Bella' s Family Dog Grooming and Boutique and Lily Cache Dental.  NOI $428K/yr. $5.7M. 7.51% cap.
  2. Retail Building in Dayton, OH: 4800 SF retail building completed in 2007 on .64 ac lot at a signalized location. Between Miami Valley Hospital and University of Dayton. 100% NNN leased to Hot Head Burritos, Subway and Planet Smoothie. NOI $117K/yr. $1.5M. 7.82% cap.
  3. Shopping Center in Palm Bay, FL: 32,583 SF well maintained shopping center on 3.61 ac lot in growing Melbourne area. Along main retail corridor with all units facing thoroughfare. 91% leased to 17-tenants. NOI $354K/yr. $3.936M. 9% cap.
  4. Retail Center in Bradenton, FL: 9437 SF retail center built in 2007 on over 1 ac lot in Tampa metro. Tenants include: Mattress Firm, Tijuana Flats, AIO Wireless and pending Medical Devise retailer. Across from Home depot & Lowe’s center. Near DeSoto Square Mall. 100% NNN leased. NOI $180K/yr. $2.26M. 8% cap.
  5. Verizon Wireless in Tumwater, WA: 4550 SF fully renovated franchised Verizon Wireless in growing Olympia suburbs. Close to Costco, Fred Meyer Supermarket and I-5. 100% NNN lease with 4-yrs left to strong Verizon Wireless franchisee with over 600 units. NOI $85K/yr. $1.323M. 6.50% cap.
  6. MOB in Spring Hill, FL: 7104 SF Class-A medical office building constructed in 1997 on .84 ac lot in Tampa suburbs. 100% NNN lease with 3-yrs left. NOI$91K/yr. $1.2M. 7.60% cap.
  7. Captain D’s Seafood in Saint Charles, MO: 2368 SF Captain D’s Seafood restaurant on .48 ac outparcel to a newly expanded Walmart Supercenter. Visible/easy access to I-70. 20-yrs NNN lease with 9-yrs left. NOI $73K/yr. $1.057M. 7% cap.

            (c) Transmercial 2014

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