1. Shopping Center in Fort Worth, TX: 28,344 SF shopping center built in 2005 on 4.65 acres parcel in front of Wal-mart. 89% NNN leased to 9 tenants, 5 of them national tenants. Pro forma NOI $442K/yr. $5.3M. 8.36% cap.
2. Shopping Center in Downers Grove, IL: 31,196 SF shopping center on 4.5 acres site in upper middle-class (AHI $88K/yr) Chicago suburbs. 91% leased. NOI $426K/yr. $4.9M. 8.7% cap.
3. Walgreens in Torrington, CT: 15,120 SF drug store on 1.5 acres lot. Store with strong sales revenue of over $10M/yr. NOI $440K/yr. $6.07M. 7.25% cap.
4. Laundromat in Huntington park, CA: 4972 SF single-tenant retail center on ¼ ac lot in densely populated area in Los Angeles (close to 1M residents in 5 miles). 100% NNN long term leased to a Laundromat operator. NOI $60K/yr. $1M. 6% cap.
5. Medical Office Building in Cedar Park, TX: 30,622 SF 2-story medical office building developed in 1999 in a fast growing and high income Austin suburbs. 80% leased. Current NOI $384K/yr. $5.5M. 7% cap. Upside potential when 100% leased.
6. Office Building in Ann Arbor, MI: 31,508 SF class-A office building on 2.58 acres lot in high income area. Near I-94 and minutes from the University of Michigan. 100% NNN leased to Cybernet, a research company in medical and defense fields (named the Best of the Best Michigan business in 2009). NOI $287K/yr. $3.029M. 9.5% cap.
7. Burger King in Apple Valley, CA: 5684 SF Burger King restaurant with kids playplace built in 1996 on .98 acre lot near K-mart and Food 4 Less. 8 yrs NNN lease. NOI $80K/yr with 10% rent bump every 5 yrs. $1.23M. 6.5% cap.
8. McDonalds in Colorado Springs, CO: 4000 SF McDonalds on 1.49 acres lot near I-25 exit and Walmart. 20 yrs NNN ground lease (land is for sale). NOI $80K/yr. $1.066M. 7.5% cap.
© Transmercial 2011.
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