- Shopping Center in Milpitas, CA: 48,468 SF well maintained shopping center on 4+ ac lot at a highly visible location next to I-680. Excellent demographics with AHI $108K/yr in 1 mile radius in high tech San Jose suburbs. 91% NNN leased with only 2 vacant units. NOI $1.092M. Price is $16.2M but seller will take $15M. 7.28% cap..
- Neighborhood Center in Austin, TX: 39,739 SF well maintained shopping center on 3+ ac lot adjacent to Highland Mall and close to I-35. Anchored by Spec’s Liquor, a regional tenant. 96% NNN leased. NOI $543K/yr. $7.2M. 7.55% cap.
- Retail Center in Scottsdale, AZ: 12,716 SF attractive retail center on 2 ac lot at main retail corridor and close to Hwy-101. In affluent (AHI $117K/yr) North East of Phoenix metro. 94% leased. NOI $273K/yr. $3.345M. 8.18% cap.
- Strip Center in Lauderhill, FL: 9750 SF strip center with three points of entry. close to Swap Shop: a giant indoor and outdoor flea market and I-95 in Fort Lauderdale metro. 100% leased. NOI $130K/yr. $1.6M. 9% cap.
- Strip Center in West Valley City, UT: 8880 SF 5-unit strip center built in 2004 on .67 ac lot near Hwy-154 in Salt Lake City metro. 85% NNN leased with 1 vacant unit. NOI $123K/yr. $1.236M. 9% cap.
- Golden Corral in Chattanooga, TN: 10,943 SF Golden Corral buffet restaurant built in 2002 on 1.79 ac outparcel to Kohl’s and Target. Close to Hamilton Place Mall and I-75. New 15 yrs NNN lease. NOI $260K/yr with 8% rent increases every 54 yrs. $3.105M. 8.40% cap.
© Transmercial 2012
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