NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.
AHI: Avg. Household Income
NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses
- Shopping Center in Ontario, CA: 45,075 SF well-maintained shopping center on 3.89 acres of land in close proximity to I-60. 100% leased by three tenants: Dunn Edwards, Sears Outlet and Greenhills Market. NOI $655K/yr. $7.950M. 8.25% Cap.
- Christian Brothers Automotive in Lewisville, TX: 4920 SF free-standing recently constructed retail building in fast growing Dallas/Fort Worth metro. 15-Years NNN corp lease. NOI $161K/yr. $1.955M. 8.25% Cap.
- Apartments in Wichita, KS: 216-unit multifamily complex on 12.70 acres of land consisting of nine buildings with numerous amenities: fitness center, Olympic-sized swimming pool, tennis courts and more. 94% leased. $7.7M. 8% Cap.
- Denny’s Restaurant in Palmdale, CA: 4149 SF attractive single-tenant retail building constructed in 2002 on .61 acre pad surrounded by many national retailers along main thoroughfare. Long NNN lease. NOI $155K/yr. $1.970M. 7.88% Cap.
- Retail Center in Dallas, TX: 15,000 SF retail center with good tenant mix along busy retail corridor next to Exp-75. 100% NNN leased. NOI $342K/yr. $4.175M. 8.20% Cap.
- Shopping Center in Elgin, IL: 16,425 SF beautiful shopping center built in 2002 on 2.22 acres of land with excellent combination of national, regional and local tenants. 61% NNN leased. NOI $208K/yr. $2.2M. 9.5% Cap (most likely proforma.)
- Shopping Center in Oswego, IL: 18,651 SF multi-tenant shopping center on 2.33 acres of anchored by Buffalo Wild Wings located in densely populated area. 100% NNN leased. NOI $426K/yr. $5M. 8.52% Cap.
- Hardee’s Restaurant in Independence, MO: 2863 SF free-standing Hardee’s restaurant on 1 acre lot located at signalized intersection of Hwy-24. New 20-years absolute NNN lease. 10% rental increases every 5-years. NOI $77K/yr. $934K. 8.25% Cap.
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