Monday, May 21, 2012

05-07: Amscot & MetroPCS, Family Dollar, Walgreens, Office Building


  1. Strip Center in Austin, TX: 6500 SF well-maintained strip center on .67 ac corner lot. 100% leased to five tenants. NOI $71K/yr. $899K. 7.90% cap.  
  2. Amscot & MetroPCS in Kissimmee, FL: 5000 SF two-tenant retail building constructed in 2006 on .86 ac outparcel to Publix Supermarket in Orlando suburbs. 100% NNN leased to brand name  tenants. NOI $162K/yr. $1.8M. 9% cap.  
  3. Family Dollar in Winston Salem, NC: 9180 SF all brick retail building constructed in 2009 on 1.72 ac lot close to Food Lion Grocery anchored center. 100% NNN- corp lease with 7 yrs left. NOI $110K/yr with a generous 10% rent increase every 5 yrs (next increase in 2014). $1.25M. 8.80% cap.
  4. Retail Center in Naples, FL: 7379 SF retail center consisting of two buildings on 1.10 ac lot anchored by Dunkin Donuts. At high income area in fast growing Fort Meyers metro. 100% leased. NOI $131K/yr. $1.75M. 7.50% cap.  
  5. Shopping Center in Renton, WA: 94,233 SF shopping center on 8+ acres of land at a hard corner location in upper middle-class Seattle metro (Boeing assembles 747 and 787 airplanes in Renton).  100% NNN leased to 4 national tenants: Albertsons, Planet Fitness, Big Lots and ACE Hardware. NOI $650K/yr. $9.3M. 7% cap. 
  6. Strip Center in Turnersville, NJ: 9600 SF well-maintained strip center on .92 ac lot in affluent (AHI $114K/yr) Philadelphia suburbs. 81% NNN leased by stable local tenants. NOI $59K/yr. $743K. 8% cap. Upside potential.  
  7. Walgreens in Reynoldsburg, OH: 15,120 SF Walgreens on 1.98 ac lot at a hard corner location near I-270 in Columbus suburbs. 100% NNN lease with 8 yrs left. NOI $429K/yr. $5.047M. 8.50% cap.
  8. Office Building in Venice, FL: 19,516 SF Class-A Mediterranean Style office building constructed in 1999 at highly visible location. 100% leased. NOI $300K/yr. $3M. 10% cap.  
  9. Retail Center in Macedonia, OH: 11,921 SF high quality constructed retail center shadow-anchored by Target, Lowe’s and Giant Eagle in Cleveland suburbs. 90% leased. NOI $217K/yr. $2.477M. 8.75% cap.  
  10. Shopping Center in Sicklerville, NJ: 40,695 SF shopping center on 8.27 acres of land. Shadow anchored by ShopRite grocery. 94% leased to great tenant mix. NOI $545K/yr. $7.125M. 7.65% cap.

© Transmercial 2012
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