Friday, February 10, 2012

01-27: Advance Auto Parts, Burger King, Sports Authority, Romano's Macaroni Grill, MOB


  1. Advance Auto Parts in Lincoln, NE: 7000 SF retail building constructed in 2008 on .87 ac lot at a signalized location and close to Bryan LGH Medical Center. 100% NNN- lease till 2023. NOI $127K/yr. $1.818M. 7% cap.  
  2. Shopping Center in Colton, CA: 108,398 SF shopping center built in 1992 on 8.47 ac lot close to I-215. Anchored by 99 Cents Only Store and Ross Dress for Less and next to Wal-Mart Supercenter. 85% leased to national/regional tenants. NOI $1.419M. $18.6M. 7.63% cap. 
  3. Burger King in North Canton, OH: 3545 SF fast-food restaurant on 1.37 ac lot next to I-77. In wealthy (AHI $100K/yr within 1-mile) Akron suburbs. New 10-yr absolute NNN lease to Carols Corp.,  the largest Burger King franchisee. NOI $93K/yr. $1.248M. 7.5% cap.  
  4. Strip Center in Reseda, CA: 5880 SF well-maintained strip center on .42 ac lot in densely populated Los Angeles area.  100% leased. NOI $93K/yr. $1.39M. 6.74% cap. 
  5. Sports Authority in Wichita, OK: 52,259 SF single-tenant retail center built in 1994 on 5.63 acres. Close to Bradley Fair premier center & in well-off (AHI $81K/yr) neighborhood. 100% NNN lease with 5 yrs left. NOI $562K/yr. $5.36M. 10.50% cap.  
  6. Romano’s Macaroni Grill in Hoffman Estates, IL: 8458 SF Italian Restaurant on 1.94 ac lot near St. Alexius Medical Center and I-90 in Chicago suburbs. 100% absolute NNN corp lease with 17½ yrs remaining. 2% annual rent bump. $2.43M. NOI/Cap not avail.  
  7. Strip Center in Plainview, NY: 7171 SF 4-yr old strip center on .63 ac lot near Plainview Hospital and Hwy-135. In prosperous (AHI $128K/yr within 1-mile) area on Longs Island. 100% NNN leased. NOI $209K/yr. $2.999M. 7% cap.  
  8. Medical Office Building in Sugar Land, TX: 33,000 SF newly constructed medical building next to Methodist Hospital and Fist Colony Mall.  Right off of Hwy-59. Affluent Houston suburbs with AHI of $124K/yr in 3 miles. 95% NNN leased to multiple tenants. $10.5M.  
  9. Retail Center in Las Vegas, NV: 12,000 SF retail center built in 1998 on over 1 ac lot at a signalized intersection and across from Vons anchored center. NOI $100K/yr. $1.3M. 10% cap. 
  10. Strip Center in San Antonio, TX: 12,231 SF strip center surrounded by national tenants: HEB, Target, Home Depot and next to I-37. 100% leased to FedEx/Kinko’s, State Farm, LabCorp, and more. 7.60% cap. Price/NOI not disclosed.
© Transmercial 2012
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