1. Shopping center in Florissant, MO: 101,323 SF shopping center in St. Louis metro. Anchored by Shop N Save supermarket with 42 locations in St Louis. 98% leased. NOI $875K/yr. $11.293M. 7.75% cap.
2. Office Building in Sunrise, FL: 11871 SF single-tenant class-A office building on 2 ac lot in Fort Lauderdale metro. 10 yrs NNN lease to Cinergy Health, a profitable national health insurance company with $70M in revenue. NOI $312K/yr with CPI-based annual rent bump. $3.2M. 9.75% cap.
3. Shopping Center in Lincoln, CA: 20,765 SF shopping center built in 2005 on 2.33 acres lot in fast growing upper middle class Sacramento suburbs (AHI $99K/yr in 1 mile). 90% NNN leased. Tenants include Wells Fargo, Sunset Deli, Mina's Coffee Shop, a convenience store, Coldwell Banker, a CPA. NOI $535K/yr. $6.957M. 7.7% cap.
4. Distressed Retail Center in Gilbert, AZ: 5496 SF strip center built in 2004 in high income Phoenix metro (AHI of $90K/yr in 1 mile). Shadow anchored by Walgreens. 100% leased to 4 tenants: Hertz, Edward Jones, Taco Shop and Chiropractor. NOI $99K/yr. $1.05M. 9.47% cap.
5. Sunbelt Rentals in Orange Park, FL: 15,370 SF single-tenant retail center in high income Jacksonville metro. 100% leased to Sunbelt Rentals, an equipment rental company with 398 locations. NOI $135K/yr. $1.421M. 9.5% cap.
6. Mi Pueblo Marketplace in Pittsburg, CA: 50,173 SF grocery store completely remodeled in 2009. Next to Hwy 4 off ramp. 15 yrs NNN leased to Mi Pueblo Foods, a fast growing regional chain. NOI $835K/yr. with 10% rent bump every 5 yrs. $11.93M. 7% cap.
7. Starbucks in Clarksville, TN: 1850 SF Starbucks built in 2006 on .93 ac lot across Wal-mart Supercenter, Kmart, Food Lion in high income town. 100% NNN- with 5 yrs remaining. NOI $91K/yr. $1.009M. 9.1% cap.
8. Office Building in Aurora, IL: 38,400 SF class-A office building constructed in 1994 in Chicago metro. 81% NNN leased to Dryer Medical Clinic since 1994. NOI $481K/yr. $5.25M. 9.17% cap. Upside potential when full leased.
© Transmercial 2011.
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