1. Corp Burger King in Hampton, NH: 2600 SF restaurant on .91 ac lot in upper middle class area. 100% corp NNN ground lease (land is for sale) with 7 yrs remaining. NOI $59K/yr and will go up to $68K/y in 2013. $850K. 7% cap now and 8.1% in 2013.
2. Shopping Center in Miamisburg, OH: 21,200 SF shopping center on 1.2 acres lot in front of Dayton Mall in Dayton suburbs. 100% NNN leased to Advance Auto part (10 yrs lease) and Buyback Entertainment, a regional tenant. NOI $175K/yr. $2.2M. 7.95% cap.
3. CVS Shopping Center in Fairfield, CA: 23,856 SF retail center which includes a 15,755 SF CVS and 6 shops built in 2007 on 2.36 acres lot next to Lowe’s and I-80 with 200,000 VPD. Growing and high income area. 100% leased (CVS leased till 2027). NOI $287K/yr. $4.1M. 7% cap.
4. Office Building in Santa Clarita, CA: 8696 SF one-of-a-kind custom built office building in high income area. 100% leased to stable tenants. NOI $225K/yr. $2.25M. 10% cap.
5. Fallas Parades in Maywood, CA: 28,340 SF single-tenant retail center built in 1993 on 1.84 acres lot in densely populated area with over 950K residents in 5 miles ring. 7 yrs remaining in 100% NNN- lease to Fallas Parades (same owner as Factory-2-U) with 200 locations. NOI $330K/yr. $4.2M. 7.85% cap.
6. Corp Jack in the Box in Phoenix, AZ: 2665 SF restaurant on .7 acre lot. 100% NNN corp lease till 2022. NOI $95K/yr with CPI-based rent bump every 5 yrs. $1.36M. 7% cap.
7. Apartments in Long Beach, CA: 14-unit well-maintained 2-story apartments in area with no rent control. 97% occupied. NOI $87K/yr. Price reduced to $995K. 8.79% cap.
8. Del Taco in Greeley, CO: 2260 SF fast food restaurant built in 2006 on .81 ac lot in front of Greeley Mall. Long term NNN lease. NOI $126K/yr. $1.68M. 7.5% cap.
9. Kids Choice Childcare Center in Meridian, ID: 7096 SF childcare center completed in 2008 in booming (111% since 2000) and middle class Boise metro. 10 yrs NNN lease with 7 yrs remaining. NOI $87K/yr. $870K. 10% cap.
© Transmercial 2011.
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