- Big Lots in Whittier, CA: 35000 SF single-tenant retail center on 3.59 ac lot in densely-populated city in Los Angeles. Across from 433,000 SF power center anchored by Old Navy, Ralph's, Ross, TJ Maxx and more. 100% NNN lease to Big Lots! NOI $467K/yr. $7.03M. 6.65% cap.
- Apartments in Walnut Creek, CA: 16-unit all 2BR-1BA apartments in affluent Northern CA city (AHI $128K/yr in 1 mile). Amenities include central air, pool, laundry facility and a management office. 100% occupied. NOI $163K/yr. $2.64M. 6.2% cap.
- Tutor Time in Mooresville, NC: 10,160 SF childcare center built in 2002 on 1.97 ac lot in fat growing and affluent Charlotte suburbs. 100% NNN- lease with 11 yrs left. NOI $238K/yr. with annual rent bump and minimal landlord responsibilities. $2.646M. 9% cap.
- Retail center in Columbus, OH: 9159 SF retail center on a corner signalized location in front of a Kohl's department store in fast growing & affluent area (AHI $106K/yr in 1 mile). Tenants include Panera Bread, Massage Envy, China Express. NOI $168K/yr. $1.986M. 8.5% cap.
- Christian Brothers Auto in St Louis, MO: 4922 SF auto service center built in 2008 on .69 ac lot in high income area (AHI $102K/yr). 15 yrs absolute NNN lease to CBA, a growing national tenant. NOI $146K/yr with 1.5% annual rent bumps. $1.78M. 8.25% cap.
© Transmercial 2012.
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