Monday, December 22, 2014

12-08: Family Dollar, MOB, Fast Auto Loans, Retail Centers

  1. Family Dollar in Wichita, KS: 8320 SF newly constructed retail building on .73 ac corner lot in a growing area. New 10-yrs NNN- corp lease. NOI $101K/yr. $1.405M. 7.25% cap.  
  2. MOB in Arvada, CO: 8796 SF well maintained multitenant medical office building on.57 ac corner lot in growing middle-class Denver suburbs. 100% leased to established tenants. NOI $74K/yr. $993K. 7.5% cap.
  3. Retail Center in Rochester, MN: 6684 SF attractive retail center with excellent freeway visibility. On off/on ramp of Hwy-52/63. 100% NNN leased. NOI $113K/yr. $1.497M. 7.57% cap.
  4. Retail Building in Orland Park, IL: 14,923 SF retail building constructed in 1998 on 1.53 ac lot at a signalized intersection in high income Chicago suburbs. Adjacent to major centers with Walmart Supercenter, Aldi Grocery, Sport Authority, Jewel-Osco Grocery, Baby “R” Us, Lowe’s, Best Buy and Costco. 100% NNN leased to Physicians Immediate Care, and Heavenly Massage. NOI $392K/yr. $4.775M. 8.23% cap.
  5. Professional Building in Fort Lauderdale, FL: 36,600 SF Class-B office building adjacent to 557-bed Holy Cross Hospital. 70% leased. NOI $336K/yr. $3.3M. 10.20% cap.
  6. Fast Auto Loans in Chico, CA: 1600 retail building on .43 ac lot close to North Valley Plaza Mall and Hwy-99. 5-yrs NNN corp lease. NOI $65K/yr with 3% annual rent increases. $928K. 7% cap.
  7. Church’s Chicken in Panama City, FL: 1354 SF drive-thru fast food restaurant at a hard corner location. 20-yrs NNN lease with over 19-yrs left. NOI $65K/yr with rent increases. $928K. 7% cap.
  8. Shopping Center in Greenwood, IN: 31,673 SF well maintained shopping center on 5.57 ac lot in growing and high income Indianapolis metro with an AHI of $84K/yr in 1 mile. Shadow anchored by Kroger and across Meijer and Menards. 7.53% cap. NOI N/A.
  9. Retail Center in Boynton Beach, FL: 10,000 SF 5-units attractive retail center along main artery in upper middle-class Lake Worth suburbs. Across from Publix center. 100% NNN leased. NOI $244K/yr. $3.495M. 7% cap.


            (c) Transmercial 2014

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