Tuesday, August 26, 2014

08-12: Starbucks Coffee, MOB, Advance Auto Parts, Family Dollar, Office Buildings


  1. Starbucks in Oakley, CA: 617 SF brand new Starbucks Coffee at a 4-way signalized intersection in Contra Costa County. On an off ramp of Hwy-160. 10-yrs NNN ground lease (land is for sale). NOI $72K/yr with 10% rent bump in yr-6. $1.44M. 5% cap.
  2. Office Building in Independence, OH: 29,500 SF Class-B office building in high income Cleveland suburbs. Easy access to I-77. 96% leased to multiple tenants. NOI $252K/yr. $2.6M. 9% cap.
  3. Office Building in Carmichael, CA: 10,850 SF well maintained office building on nearly 1 ac lot in growing and middle-class Sacramento suburbs. 70% leased. NOI $47K/yr. $850K. 5.60% cap.  Price below construction costs.!
  4. Office Building in Concord, CA: 30,250 SF Class-B office building in Contra Costa County. Close to Sunvalley Mall and I-680. 100% leased. $5.9M. 6.54% cap.
  5. MOB in Auburn, WA: 14,979 SF well maintained medical office building in growing and middle-class Seattle suburbs. NOI $229K/yr. $3.2M. 7.16% cap.
  6. Strip Center in Lubbock, TX: 9450 SF strip center built in 1999 on 1.70 ac outparcel to Walmart Supercenter. Near Hwy-289. 100% NNN leased. NOI $146K/yr. $1.955M. 7.50% cap.
  7. AAP in Forked River, NJ: 7000 SF Advance Auto Parts built in 2002 on 2.56 ac lot at main retail corridor. Close to Home Depot, Kohl’s and TJ Maxx Shopping centers. 100% NNN- corp lease with over 7-yrs left. NOI $104K/yr. $1.486M. 7% cap.
  8. Family Dollar in Wichita, KS: 8359 SF under construction retail building on .87 ac lot at a busy corridor. Close to Wichita State University and Galichia Heart Hospital. 10-yrs NNN- lease. NOI $95K/yr. $1.335M. 7.15% cap.
  9. Starbucks in Haltom City, TX: 1750 SF Starbucks Coffee constructed in 2008 along Hwy-377 in Fort Worth suburbs. 10-yrs NNN- lease with 4-yrs left. NOI $94K/yr. $1.455M. 6.50% cap.
  10. Office Building in Joliet, IL: 15,928 attractive office building on over 1 ac lot in growing and upper middle-class Chicago suburbs. Near Louis Joliet Mall and I-55. NOI $159K/yr. $1.59M. 10% cap. 

            (c) Transmercial 2014

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