- Strip Center in Las Vegas, NV: 8,600 SF strip center built in 2007 on 2 acres. Shadow-anchored by Fresh & Easy neighborhood market in growing, middle-class area. 100% NNN leased to recession resistant tenants: check cashing, auto care, Subway and smoke shop. NOI $223K/yr. $2.798M. 8% cap.
- Medical Office in Ann Arbor, MI: 31,508 SF single-tenant medical office on 2.58 acres of land just minutes from I-94 in a college town. 100% NNN leased to Cybernet Systems. NOI $287K/yr. $3.111M. 9.25% cap.
- Multifamily Building in Compton, CA: 12-units well-maintained apartment complex on .42 ac lot near park/main roads. NOI $82K/yr. $925K. 8.9% Cap.
- Shopping Center in Glendale, AZ: 34,673 SF newly-constructed shopping center anchored by Family Dollar. NOI $360K/yr. $2.750M. 13.12% Cap.
- Neighborhood Center in Merced, CA: 27,350 SF 17-unit shopping center on 1.61 acres of parcel at signalized intersection. Shadow-anchored by Raley’s Grocery (same owner as Nob Hill foods). NOI $488K/yr. $5.960M. 8.19% actual Cap. Upside potential when fully leased!
- Strip Center in Elk Grove, CA: 7800 SF upscale strip center built in 2002 on .90 ac lot at a signalized intersection in fast growing area in Sacramento suburbs. 100% leased. NOI $234K/yr. $2.9M. 8% Cap. Buyer to assume $1.344M at 6.15% interest rate due on March 2024.
- Shopping Center in Manteca, CA: 19,445 SF retail center as part of a shopping center anchored by Raley’s Supermarket and Kragen Auto Parts in a fast growing city. Proforma NOI $377K/yr. $4.3M. 8.75% cap.
- Shopping Center in Missouri City, TX: 55,022 Class-A shopping center built in 1996 on 4.75 acres of land in growing and high income Houston metro. NOI $800K/yr. $10M. 8% Cap.
- Christian Brothers Automotive in Kansas City, MO: brand new 4921 SF single-tenant retail building on .91 ac lot. Long-term absolute NNN corp lease with 1.5% annual rent increases. NOI $161K/yr. $1.962M. 8.25% Cap.
© Transmercial 2011.
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