Friday, May 9, 2014

04-25: Children of America, Arby's, Mixed-use. Retail Centers



  1. Shopping Center in Ontario, CA: 31,900 SF shopping center built in 2003 in San Bernardino County. Major credit tenants such as: DaVita, Hilti Power Tools, Cathay Bank and Sprint Wireless. 100% leased to thirteen tenants. NOI $448K/yr. $6.646M. 6.75% cap.
  2. Children of America in Charlotte, NC: 11,067 SF day care center built in 2010 in fast growing & upper middle-class neighborhood. 15-year absolute NNN lease with 13-yrs left. NOI $247K/yr with 2.5% annual rent increases. $2.85M. 8.70% Cap.
  3. Sherwin Williams in Haddon Heights, NJ: 5773 SF single tenant retail building on .29 ac lot in Philadelphia metro. Tenant has been at this location for over 45-yrs. 100% NN lease with 6-yrs left. NOI $57K/yr. $815K. 7% cap.
  4. Neighborhood Center in Cedar Parks, TX: 49,469 SF consisting of three attractive building on 3.41 ac lot along main retail artery in Austin suburbs. Close to Cedar Park Regional Medical Center. 95% leased. NOI $722K/yr. $8.5M. 8.50% cap.
  5. Arby’s in Renton, WA: 3322 SF Arby’s restaurant built in 2000 on .87 ac lot along busy retail corridor in upper middle-class Seattle suburbs. Across from Fred Meyer center. Close to Valley Medical Center, Great Wall Mall and Hwy-167. 20 yrs absolute NNN corp lease with 5 yrs left. NOI $ 137K/yr. $1.895M. 7.27% cap.
  6. Retail Center in Brentwood, MO: 5383 SF attractive retail center at a signalized corner location in high income St. Louis suburbs. 100% NNN lased. NOI $80K/yr. $980K. 8.25% cap.
  7. Mixed-use in Union City, CA: 13,113 SF well kept retail/office building on .50 ac lot in Alameda County. 100% leased. NOI $115K/yr. $1.845M. 6.25% cap.
  8. Retail Center in Bremerton, WA: 6210 SF well kept retail center on .81 ac lot in Seattle metro. 92% leased. NOI $79K/yr. $885K. 9.03% cap.
  9. Shopping Center in Carol Stream, IL: 52,100 SF shopping center on 5.70 acres lot at a hard corner location in high income Chicago suburbs. Anchored by a grocery store.  100% leased to strong mix of national/local tenants. $6M. NOI/Cap N/A.

            (c) Transmercial 2014
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