Monday, October 27, 2014

10-09: KFC, AutoZone, Dunkin' Donuts, Office Building, Retail Center


  1. Retail Center in Houston, TX: 17,412 SF retail center built in 2008 on 1.76 ac lot in a fast growing area. All units face main corridor. 100% leased. NOI $334K/yr. $3.7M. 9.05% cap.
  2. KFC in Syracuse, NY: 2560 SF established fast food restaurant constructed in 1998 on .56 ac corner lot in a growing area. Close to St. Joseph’s Hospital and I-81. 20-yrs NNN corp ground lease (land is for sale) with 4-yrs left. NOI $57K/yr. $827K. 7% cap.
  3. Retail Center in Las Vegas, NV: 11,759 SF eye-catching retail center completed in 2006 on 1.31 ac lot at a hard corner location and in a high income area. Near Spring Valley Hospital. Credit tenants include: The Coffee Bean and Tea Leaf. 100% leased. NOI $229K/yr. $3.5M. 6.56% cap.
  4. Office Building in Anaheim, CA: 4441 SF well maintained single-tenant office building in densely populated Orange County with over 600,000 residents in 5 a mile ring. 100% leased. NOI $66K/yr. $1M. 6.69% cap.
  5. AutoZone in San Bernardino, CA: 10,500 SF AutoZone on .66 ac outparcel to Harbor Freight Tools and Mike & Judies Grocery Warehouse. Near Inland Center Mall with easy access to I-215.  100% leased.  NOI $126K/yr. $2.027M. 6.25%cap.
  6. Shopping Center in Phoenix, AZ: 60,234 SF attractive recently remodeled shopping center on nearly 6 ac lot anchored by Goodwill. Near I-17. 85% leased. NOI $592K/yr. $7.95M. 7.45% cap. Upside potential.
  7. Dunkin’ Donuts in Amherst, NY: 3050 SF single tenant retail building constructed in 2004 on over 1 ac lot at a hard corner location. Across from SUNY University at Buffalo Medical School with roughly 30,000 students. 100% NNN absolute NNN ground lease (land is for sale). NOI $69K/yr. $1.275M. 5.49% cap.
  8. Office Building in Massapequa, NY: 6000 SF office at a corner location in affluent (AHI $112K/yr) New York coastal city. 100% leased to multiple tenants. NOI $85K/yr. $1.1M. 8% cap.  


            (c) Transmercial 2014

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