06-29: Starbucks Coffee, Romano's Macaroni Grill, McDonalds, MOB

1.     Starbuck Coffee in South Ogden, UT: 1813 SF drive-thru Starbucks Coffee built in 2007 on .38 ac lot in high income (AHI $92K/yr in 1 mile) Salt Lake City Suburbs. At a busy signalized intersection and across from Albertsons. 10 yrs NNN- lease with 5+ yrs left. NOI $93K/yr with 10% rent bump in 8/12. $1.2M. 7.81% cap.

2.     Retail Center in St. Augustine Beach, FL: 12,614 SF retail center built in 2001 on .32 ac lot shadow anchored by Winn Dixie along Hwy-A1a .  Tenants include:  Advance Auto Parts, Dragon Sushi, Cleaners, Coldwell Banker Premier, Hungry Howie’s Pizza and Good Nails. 91% NNN leased with only one vacant unit. NOI $193K/yr. $2.245M. 8.61% cap.

3.     Apartments in Sacramento, CA: 8-untis 2 bed/2ba two-story well maintained apartments on .41 ac lot close to parks, Arden Fair Mall and I-80. Unit features include modern kitchens with dishwasher, disposal and microwave oven. Each unit has washer dryer hook ups, two patios/balconies and two assigned parking spaces per unit. NOI $49K/yr. $735K. 6.67% cap.

4.     MOB in Ontario, CA: 5750 SF Class-B single-tenant medical office building on .25 ac lot along main thoroughfare and with easy access to Fwy-60 in Rancho Cucamonga suburbs. 5 yrs NNN lease with 4 yrs left to Molina Healthcare. Tenant has been at this location since 1980’s. NOI $84K/yr. $1.2M. 7% cap.

5.     Romano’s Macaroni Grill in Huntsville, AL: 6739 SF Italian Restaurant built in 2001 on 2.33 ac outparcel to Madison Square Mall and Madison Square 12 Cinemas off Hwy-255. 100% NNN lease with 17 yrs left to a strong operator with 200+ units. $274K/yr with 10% rent increases every 5 yrs. $3.341M. 8.20% cap.

6.     McDonald’s in Marietta, GA: 3200 SF fast food drive-thru restaurant next to I-75 in fast growing Atlanta suburbs. 5 yrs NNN corp lease with no options left. Tenant as been at this location for 40+ yrs. NOI $53K/yr. $830K. 6.50% cap.

7.     Shopping Center in San Antonio, TX: 46,554 SF well maintained shopping center at a corner location close to I-410 in fast growing area. Tenants include: Blast Fitness, ZLB Plasma, Blockbuster, Liberty Tax & Planned Parenthood. 95% leased. NOI $408K/yr. 4.3M. 9.50% cap.

© Transmercial 2012