- Jiffy Lube in Norfolk, VA: 2724 SF well maintained
franchised Jiffy Lube on .52 ac lot along major artery. Brand new 10-yrs
absolute NNN lease to strong franchisee. NOI $80K/yr. $1.067M. 7.50% cap.
- Retail Center in Omaha, NE: 11,472 SF attractive
retail center built in 2006 on 1.52 ac outparcel to Super Save Grocery
Store and Kmart. 100% NNN leased. NOI $144K/yr. $1.866M. 7.75% cap.
- Family Dollar in Aurora, CO: 7999 SF Family Dollar
constructed in 2012 at a hard corner location. 100% NNN- corp lease with
7-yrs left. NOI $113K/yr. $1.628M. 7% cap.
- Strip Center in La Habra, CA: 6359 SF well maintained
strip center on .48 ac corner lot on a major artery . 70%
leased. NOI N/A. $1.1M. Just $173/SF below construction
costs.
- Retail Center in Fontana, CA: 7198 SF retail center
built in 2008 on .64 ac lot across from Walmart. 100% NNN leased to
5 tenants. NOI $198K/yr. $2.835M. 7% cap.
- CVS Pharmacy in Bonita Springs, FL: 9504 SF drug store
with drive thru built in 1995 on .94 ac lot. 20 yrs NNN lease with 1 yr
left. NOI $205K/yr. $2.649M. 7.75% cap. Note: Store with
increasing sales of $5.05M in 2011, $5.345M in 2012 and $5.943M in
2013. Transmercial believes this is a very profitable location and
tenant will renew 5 yrs option with 7% rent bump.
- Rite Aid in Vandalia, OH: 11,180 SF drug store
built in 1997 on 1.9 ac lot with 2-lane drive thru in Dayton metro.
100% NNN- with 12 yrs left. NOI $210K/yr. $3M. 7% cap.
- Dollar General in Indianapolis, IN: 9600 SF dollar store
built in 1988 on .83 ac lot in middle class area. 100% NNN- with 4
yrs left. Store with strong sales of over $2M/yr. NOI
$65K/yr. Only $810K. 8% cap.
- Shopping Center in Coppell, TX: 31,924 SF shopping
center built in 1999-2000 in high growth, high income Dallas metro (AHI
$96K/yr in 1 mile). 76% leased. NOI $263K/yr. $3.6M. 7.32%
cap. Just $112/SF!
- Strip Mall in Hayward, CA: 6785 SF strip
mall on a major artery. 85% leased. NOI $60K/yr. $859K.
7% cap.
(c) Transmercial 2014
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