1. Shopping Center in North Miami Beach, FL: 44,990 SF established shopping center on 3.76 acres lot with exposure to 50,000 cars per day and easy access to I-95. 91% occupied. NOI $607K/yr. $6.75M. 9% cap.
2. Outback Steakhouse in Wichita, KS: 6736 SF franchised Outback Steakhouse built in 1995 on 1 ac outparcel to #1 fashion shopping center in Wichita. Excellent demographics with AHI of $95K/yr in 1 mile. 100% NNN lease with 6 yrs remaining. NOI $105K/yr. $1.177M. 9% cap.
3. Rite Aid in Chattanooga, TN: 14,564 SF drug store near Parkridge Medical Center and Temple University. 100% absolute NNN lease with 18 yrs remaining. NOI $343K/yr. $3.901M. 9.3% cap.
4. Medical & Professional Office Building in Pompano Beach, FL: 45,952 SF 4-story medical and professional office building on 2.1 acres lot near I-95. 63% leased. NOI N/A. $5.1M. just $111/SF.
5. Best Buy in Alpharetta, GA: 45,231 SF Best Buy built 1999 as part of a power center co-anchored by Bassett Furniture, Staples, Atlantic States Bank, Joanne Fabrics, Georgia Backyard and Chuckee Cheese Pizza. Directly across the entrance to the Northpoint Mall in affluent Atlanta suburbs (AHI $118K/yr in 3 miles). 100% absolute NNN lease with 98 yrs remaining. NOI $732K/yr. price reduced $700K to $9.308M. 7.86% cap.
6. Pizza Hut in Auburn, ME: 3705 SF pizza restaurant on 1.17 acres lot. 100% NNN leased to a large regional franchisee with 11 yrs remaining. NOI $151K/yr with 12% rent bump every 5 yrs. Price reduced to $1.4M. 10.8% cap.
7. Office Building in Santa Ana, CA: 13,404 SF office building on .69 ac lot in densely (over 600K residents in 3 miles ring) middle class Orange county. 100% occupied. NOI $176K/yr. $1.995M. 10% cap.
8. Best Buy in Roanoke, VA: 45,000 SF Best Buy next to Valley View Mall. 100% NNN lease with 10 yrs left. NOI $519K/yr with 3% rent bump every 5 yrs. $6.178M. 8.4% cap.
© Transmercial 2011.
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