12-28: Dialysis center, Texas Roadhouse

Happy holidays.  Please be advised that Transmercial will reopen for business on 1/2/2013.

1. Dialysis Center in Hammond, IN: 6834 SF dialysis center built in 2008 on .79 ac lot Chicago suburbs with easy access to I-80. 100% NNN leased to Liberty Dialysis (now owned by Fresenius) with 5 yrs left.  NOI $142K/yr.  $1.9M. 7.5% cap.
2. Texas Roadhouse in Dyer, IN: 7135 SF steakhouse restaurant built in 2008 on 1.68 ac lot along major corridor in high income (AHI $89K/yr in 3 mile) Chicago metro. Close to St. Margaret Mercy Dyer hospital. Tenant has been at this location since 2008.  100% absolute NNN corp ground lease with 10 yrs left (land is for sale). NOI $93K/yr as of Oct 2013 with a 9% rent increase in 2018. $1.508M. 6.20% cap.

© Transmercial 2012