Wednesday, May 8, 2013

04-24: Jiffy Lube, Shaw's Supermarket, O'Reilly Auto Parts, MOB



  1. Retail Center in Pembroke Pines, FL: 30,007 SF retail center built in 1995 on nearly 4 ac lot in growing and affluent (AHI $119K/yr) Fort Lauderdale. 100% NNN leased to CVS pharmacy, Tire Kingdom and Goodyear. NOI $477K/yr. $6.978M. 6.84% cap.
  2. Shopping Center in Los Angeles, CA: 21,434 SF well maintained shopping center over 1 ac corner lot in densely populated city.  Anchored by 17,280 SF Fresco Market. 100% leased. NOI $225K/yr. $3.7M. 6.43% cap.
  3. Retail Center in Katy, TX: 17,030 SF under construction retail center on 1.80 ac lot at a signalized intersection in high income Houston suburbs. 100% leased. NOI $400K/yr. $4.85M. 8.25% cap.
  4. Jiffy Lube in Indianapolis, IN: 4050 SF well kept Jiffy Lube on .14 ac lot at major retail corridor. New 21 yr absolute NNN lease to strong franchisee with 45 units. NOI $63K/yr. $850K. 7.48% cap.
  5. Shaw’s Supermarket in Plymouth, MA: 59,766 SF supermarket renovated in 2003 on 6.7 ac lot high income area.  100% NNN leased with 8 yrs left with lease guaranteed by Albertson’s.  NOI $500K/yr. $6.667M. 7.50% cap.
  6. O’Reilly Auto Parts in Berwyn, IL: 10,000 SF O’Reilly Auto Parts on .97 ac lot in Chicago suburbs. 100% NNN- leased with 3 yrs left. NOI $141K/yr. $1.668M. 8.50% cap.
  7. Neighborhood Center in Anaheim Hills, CA: 40,920 SF well maintained two-story community center on 2.85 ac lot in affluent (AHI $124K/yr in 1 mile) Los Angeles suburbs. Adjacent to & visible from Fwy-91. 90% leased. NOI $698K/yr. $9.88M. 7.07% cap.
  8. MOB in Tucson, AZ: 8220 SF Class-A medical office building at a major corridor and near Tucson Medical Center. 84% NNN lease to multiple tenants. NOI $189K/yr. $2.25M. 8.40% cap.
  9. Strip Center in Lantana, FL: 4144 SF attractive strip center in West Palm Beach metro. 100% leased. NOI $70K/yr. $989K. 7.20% cap.
  10. Office Building in Mayfield Heights, OH: 41,234 SF Class-A multi-story office building constructed in 1996 on over 3 acres of land in high income Cleveland metro. 100% NNN leased to eight national/regional tenants. NOI $375K/yr. $4.54M. 8.28% cap.

© Transmercial 2013
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