1. Shopping Center in Jacksonville, FL: 68,575 SF Kohl’s anchored power center built in 2007 on 9.67 acres lot in affluent outskirts of Jacksonville (AHI $94K/yr). 96% NNN leased to 6 tenants including: Michaels, Shoes Carnival, Dollar Tree, and Petco. Nearby retails include: Target, Wal-mart, Home Depot, Walgreens, CVS, and Winn Dixie Supermarket. NOI $969K/yr. $11M. 8.82% cap.
2. Shopping Center in Las Vegas, NV: 29,974 SF shopping center built in 1987 on 3.03 acres corner lot in well-off area (AHI $82K/yr in 1 mile). 100% leased to 13 tenants plus a bill board. NOI $561K/yr. Price reduced from $5.6M to $4.65M. 12.1% cap.
3. Neighborhood Shopping Center in Lisle, IL: 40,650 SF retail center on 3.5 acres hard corner lot in affluent Chicago suburbs (AHI $103K/yr). 100% leased. NOI $380K/yr. $4M. 9.5% cap.
4. Urgent Care Center in Clayton, NC: 3604 SF urgent care center in Raleigh suburbs. 100% NNN leased till 2020. NOI $79K/yr. with 3% annual rent bump. $931K. 8.5% cap.
5. Medical Building in Port Charlotte, FL: 7134 SF 5-yrs old medical office building on 1.1 acres lot. 100% NNN leased to Panther Hollow Dental Lodge till 2020. NOI $124K/yr with CPI-based annual rent bump. $1.425M. 8.75% cap.
6. Shopping Center in Tucson, AZ: 37,540 SF shopping center on 4.22 acres lot in middle class area. 100% NNN leased to 2 national tenants: Michaels, and Ace Hardware. NOI $354K/yr with rent bumps. $4.435M. 8% cap.
7. T-Mobile in Austin, TX: 2761 SF Retail building on .6 acre outparcel. New 7 yrs NNN- corp lease. NOI $91K/yr with 10% rent bump every 5 yrs. $1.175M. 7.75% cap.
8. Rite Aid in Roseville, CA: 17,700 SF drug store on 2 acres lot in middle class Sacramento metro. 100% NNN corp lease till 2026. NOI $476K/yr. $5.96M. 8% cap.
9. Advance Auto Parts in Brownsville, TX: 7000 SF Advance Auto built in 2004 on 2/3 ac lot. 15 yrs NNN- with 9 yrs remaining. NOI $86K/yr. $1.041M. 8.25% cap.
© Transmercial 2011.
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