1. Taco Maker Restaurant in Ogden, UT: 1654 SF fast food restaurant on ¾ ac lot in Salt Lake City metro. New 20 yrs absolute NNN corp lease to The Taco Maker with 138 locations. NOI $60K/yr with rent bump every 5 yrs. $750K. 8% cap.
2. Shopping Center in Las Vegas, NV: 29,974 SF shopping center built in 1987 on 3 acres parcel on a major artery in the most affluent area in Las Vegas (AHI $82K/yr within 1 mile). Across from Home Deport and Albertson’s Supermarket. 100% leased to 13 tenants. NOI $558K/yr. $4.85M. 11.5% cap.
3. Retail Center in Temecula, CA: 4157 SF retail building on .87 acres pad at the entrance to Home Depot and Staples in fast growing middle class area.100% leased. NOI $127K/yr. $1.75M. 7.26% cap.
4. Applebee’s in Saint Paul, MN: 5448 SF restaurant n 1.57 acres lot near a major off-ramp of I-35E in an upper middle class area (AHI $99K/yr). 100% NNN leased to 63-store franchisee. NOI $219K/yr. with 2% annual rent bump. $2.585M. 8.5% cap.
5. Shopping Center in Dania, FL: 36,900 SF retail office complex on 4.2 acres lot just South of Fort Lauderdale Intl airport. 100% leased o 20 tenants. NOI $315K/yr. $4M. 7.88% cap.
6. Shopping Center in Jacksonville, FL: 21,739 SF well-maintained shopping center with a free standing McDonald’s built in 1996 on 3 acres lot in high-growth area. Shadow anchored by Winn Dixie grocery. 96% leased. NOI $414K/yr. $4.14M. 10% cap. Buyer to assume non-recourse loan with low 5.23% interest.
7. Office Building in Campbell, CA: 3088 SF 2-story free-standing vacant office building in high income area. Zoned for medical/small business. Ideal for owner/user. $900K.
8. Single Retail Center in Downers Grove, IL: 37,549 SF retail center built in 1993 on 2.94 acres lot in high income Chicago suburbs. Just off I-88 exit and across from 1.3M SF Yorktown Center mall. New 10 yrs NNN- leased to Savers, a discount orientated retailer with over 250 locations. NOI $359K/yr. $4.495M. 8% cap.
9. Strip Mall in Boise, ID: 6448 SF strip center with drive thru built in 2006 on ¾ acres lot in high income area. Adjacent to Smuck’s Auto Supply (O’Reilly) and across from Walgreens and Albertsons supermarket. 100% NNN leased 5 good tenants: Quiznos, Little Caesars, Ace Cash Express, Top Nails, and Fiesta Chicken. NOI $106K/yr. $1.1M. 9.64% cap.
10. Shopping Center in Brentwood, CA: 30,333 SF shopping center built in 2007 on 3.7 acres corner lot in a fast growing and high income city 35 miles East of San Fran. Anchored by Walgreens. Adjacent to the subject property is a 180,000 SF neighborhood center anchored by WinCo Foods, and 700,000 SF power center anchored by Target, Old Navy, Bed Bath and Beyond, Barnes and Noble, and Sports Authority. 100% NNN leased. NOI $893K/yr. $12.75M. 7% cap.
© Transmercial 2010. All rights reserved.
No comments:
Post a Comment