- Shopping Center in Orlando, FL: 49,200 SF 12-unit shopping center built in 2008 on 5.45 acres lot in high-growth area. Anchored by HH Gregg Appliance (NYSE: HGG). Part of a shopping center co-anchored by Walmart Neighborhood market and Sam’s Club. 95% NNN leased. NOI $726K/yr. $9M. 8.07% cap.
- Sports Authority in Moreno Valley, CA: 40,000 SF single-tenant retail center built in 2008 on 3.35 ac lot. Adjacent to Moreno Valley Mall, Lowe’s and Costco. Easy access to I-215 and hwy 60. 100% NNN corp lease with 9 yrs left. NOI $670K/yr. $7.98M. 8.4% cap.
- Distressed Shopping Center in Lithonia, GA: 37,730 SF 13-unit upscale shopping center built in 2002 on 4.28 acres lot across from the Mall at Stonecrest in high growth & high income Atlanta metro. 68% NNN leased with 3 vacant units. Pro forma NOI $577K/yr. $3.775M. 15.29% Pro forma cap.
- Burlington Coat Factory in Garden Grove, CA: 83,746 SF single-tenant retail center in densely populated city in Orange county (over 800K residents in 5 miles radius). Easy access to hwy 22. 100% leased to Burlington Coat Factory. NOI $628K/yr. $8.38M. 7.5% cap.
© Transmercial 2011.
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