10-26: Strip center, IHOP, Office building, Neighborhood center

1.       Strip Center in Miramar, FL: 15,000 SF multi-tenant strip center on 1.24 ac corner lot in Miami metro.  100% leased to 5 tenants including Day Care, Food Store, Restaurant, and Hair Salon.  NOI & cap not avail.  $2.6M.

2.       IHOP in Orlando, FL: 2450 SF IHOP on 2/3 ac lot near I-4 exit.  100% absolute NNN lease with 3 yrs left to a franchisee with 150 locations.  Store with strong sales revenue of $1.2M/yr.  NOI $65K/yr. $963K. 6.8% cap.

3.       Neighborhood Center in Pembroke Pine, FL: 90,022 SF neighborhood center on 8.36 ac lot in Miami metro. anchored by Winn-Dixie grocery and Planet Fitness.  82% leased.  7% cap.  Price/NOI no avail.

4.       Office Building in White Plains, NY: 24,000 SF 3-story office building with elevator and staircases in high income New York metro.  100% leased.  NOI $266K/yr. $3.5M. 7.6% cap.

5.       Shopping Center in Warren, MI: 100,885 SF shopping center on 9.56 ac corner in middle class Detroit suburbs.  Anchored by Kroger supermarket and Advance Auto Parts.  98% leased.  NOI $793K/yr. $10.241M. 7.75% cap.

6.       Strip Mall in Washington Township, MI: 17,561 SF strip center in middle class Detroit suburbs.   On an outparcel to Meijer Hypermarket, a regional chain & across from Home Depot.  100% leased to  Great Clips, UPS Store, AAA Insurance, Expert Eyes and Miracle Ear, among others. NOI $217K/yr. $2.588M. 8.4% cap.

            (c) Transmercial 2014