- Wells Fargo in Trenton, NJ: 10,529 SF bank with drive thru on .85 ac corner lot in the capital of NJ. 20 yrs NNN lease with 10 yrs left. NOI $81K/yr. $1.418M. 5.75% cap.
- Tire Kingdom in Bradenton, FL: 5850 SF Tire Kingdom auto service center on .65 ac lot across from Walmart supercenter. 10 yrs absolute NNN corp lease. NOI $90K/yr. with 10% rent bumps every 5 yrs. $1.5M. 6% cap.
- Shopping Plaza in Colorado Springs, CO: 14,936 SF class-A shopping plaza in affluent area (AHI $120K/yr) with easy access to I-25. 100% NNN lease. NOI $333K/yr. $4.63M. 7.20% CAP.
- Car-X in Pflugerville, TX: 5561 SF auto service center in Austin metro with AHI over $100K/yr. 20 yrs absolute corp NNN lease with 15 yrs left to Tuffy/Car-X Auto with 375 locations. NOI $150K/yr with 9% rent bumps every 5 yrs. $2.4M. 6.25% cap.
- Family Dollar Stores in Las Vegas, NV: 10,000 SF and 8000 SF busy Family Dollar stores. 100% NNN- with 6 yrs left. NOI $186K/yr. $2.4M. 7.75% cap.
- Chuck E Cheese in Columbus, OH: 10,360 SF restaurant on 1.6 ac lot near Eastland Mall. $500+K renovation in 2010. 100% absolute NNN corp lease with 4+ yrs left. NOI $91K/yr. $1.141M. 8% cap.
- See's Candies in San Jose, CA: 8103 SF retail center as part of a 120,000 SF West San Carlos shopping center in high income area. close to the prestigious Valley Fair Mall. 100% NNN lease to See's Candies with 8 yrs left. Tenant has been here for 30 yrs. NOI $108K/yr. $2.1M. 5.1% cap.
- Medical Office Building in Oak Ridge North, TX: 29,924 SF class-A medical office building/surgery center built in 2004 on 4 ac lot in high income Houston suburbs with I-45 frontage. 100% NNN lease. NOI $675K/yr. $9M. 7.5% cap.
- CVS in Fort Myers, FL: 13,275 SF drug store on 1.4 ac lot at the intersection of 2 major arteries. 100% NNN lease with 8 yrs left. NOI $357K/yr. $5.5M. 6.5% cap.
- Multi-family in San Pablo, CA: 2 4-plex building in San Francisco metro. 100% occupied. NOI $82K/yr. $1.04M. 7.92% cap.
(c) Transmercial 2014
No comments:
Post a Comment