1. Fresenius Medical in Greensboro, NC: 15,105 SF build to suit dialysis center built in 2000 on 3 acres lot. 100% NNN- lease. Tenant just renew lease till 2021. NOI $285K/yr with CPI annual rent bump not less than 2.5%. $3.529M. 8% cap.
2. Strip Center in Crystal Lake, IL: 10,313 SF strip center built in 2007 on 1.33 acres lot in Chicago suburbs. Shadow anchored by Walmart. 100% leased to all brand name tenants: Starbucks, Verizon, Sally Beauty, Great Clips, Cash Store, & GameStop. NOI $336K/yr. $3.995M. 8.43% cap.
3. Shopping Center in Glendale Heights, IL: 89,631 SF mature shopping center on 11 acres lot in upper middle class Chicago metro (AHI over 87K/yr in 3 miles). Anchored by Dollar Tree, Fresenius, Anytime Fitness, and Tricoci University. NOI $758K/yr. $9.14M. 8.3% cap.
4. Shopping Center in Coral Springs, FL: 26,243 SF well-maintained shopping center built in 1993 in Fort Lauderdale metro. 95% occupied by 16 tenants with just 1 small vacant unit. NOI $271K/yr. $3.176M. 8.56% cap.
5. Apartments in Tucson, AZ: 60-unit apartments built in 1994 in stable area. NOI $129K/yr. Priced for quick sale at $1.5M. 8.6% cap.
6. Rite Aid in Virginia Beach, VA: 10,908 SF drug store built in 2000 on 1.62 acres lot near I-264 exit. 100% NNN lease with 9 yrs remaining. NOI $368K/yr. $3.95M. 9.34% cap. Buyer to assume $2.94M loan at low 5.5% interest.
7. Shopping Center in Layton, UT: 45,837 SF shopping center on 3.4 acres corner lot in high income Salt Lake City metro. NOI $517K/yr. $5.9M. 8.7% cap.
8. Retail Condo in Hayward, CA: 3000 SF retail condo as part of a shopping center in front of Target near I-880 exit in high income area (AHI $91K/yr). 100% NNN corp lease to T-Mobile till 2016. NOI $108K/yr. $1.44M. 7.5% cap.
© Transmercial 2011.
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