- Big Lots! Center in Lakewood, CA: 29,025 SF retail building on 1.46 ac lot on a major artery in Los Angeles with 678K residents in 5 miles. Across from 2-story Lakewood Center Mall anchored by Macys, Target, Costco, JCPenny, Home Depot, Best Buy, Sports Authority, and Albertsons. Next to Petco, JoAnn Fabric, Big-5 Sports, CVS, and Vons. 100% leased to Office Depot till 2015 which in turns subleases to Big Lots! NOI $546K/yr. $8.1M. 6.75% cap.
- Walgreens in Marco Island, FL: 15,930 SF Walgreens built in 2000 on 1.6 ac corner lot in affluent town (AHI $125K/yr) in Naples suburbs. 100% NNN- with 8 yrs left. NOI $412K/yr. $5.8M. 7.12% cap.
- 7-Eleven in Fountain Valley, CA: 4804 SF 3-unit strip center on ½ ac lot in high income city in Orange County (AHI $90K/yr in 1 mile). Anchored by 7-eleven with a new 10 yrs NNN lease. 100% leased. NOI $124K/yr. $1.66M 7.5% cap.
- Retail Plaza in University Place, WA: 11,796 SF multi-tenant strip center on 1.29 acres lot in very high income Seattle suburbs. 87% leased. NOI $160K/yr. $2.015M. 7.95% cap.
- Jiffy Lube in Nashville, TN: 3040 SF Jiffy Lube on .78 ac lot in high income area in Nashville. 100% NNN leased till 2027. NOI $79K/yr with 2% annual rent bump. $1.081M. 7.5% cap.
- Subaru Car Dealer in Redwood City, CA: 23,300 SF Carlsen Subaru Dealer on 1.75 acres lot near hwy 101 in the heart of high income Silicon Valley. 100% NNN lease with 4 yrs left. NOI $357K/yr. $5.5M. 6.5% cap.
© Transmercial 2011.
No comments:
Post a Comment