05-07: KFC, Office Building, MOB, Shopping Centers

1. KFC in Waterford, MI: 3120 SF well-maintained KFC restaurant on .66 ac lot at a major retail corridor in middle-class Detroit suburbs. 100% absolute NNN lease with 12 yrs left to an experienced operator. NOI $54K/yr with 10% rent bumps every 5 yrs. $800K. 6.75% cap.
2. Retail Center in Gahanna, OH: 11,670 SF retail center on .88 ac lot in upper middle-class Columbus suburbs.  87% leased. NOI $109K/yr. $1.293M. 8.50% cap.
3. Office Building in Murray, UT: 27,484 SF Class-B office building completed in 2002 on 1.49 ac lot in growing Salk Lake City. Close to I-15. 79% leased to multiple tenants. NOI $264K/yr. $3.3M. 8% cap.
4. Retail Center in Cypress, TX: 8400 SF attractive retail center in fast growing (86.21% pop growth since 2000) and high income (AHI $89K/yr in 1 mile) Houston suburbs. Across from Kroger centers. 84% NNN leased to Taqueria Aranda, Liquor Store and Day Spa. NOI $144K/yr. $1.775M. 8.15% cap.
5. Retail Center in Mesa, AZ: 18,539 SF retail center on 1.82 ac lot at a hard corner location in Phoenix suburbs. Across from Kmart and Big Lots center. 78% leased. NOI $104K/yr. $1.5M. 6.96% cap.
6. MOB in Prescott Valley, AZ: 4010 SF Class-A single tenant medical office building constructed in 1999 on .51 ac outparcel to Yavapai Regional Medical Center. 100% absolute NNN lease with 7 yrs left to Planned Parenthood Arizona. NOI $56K/yr with 2.5% annual rent increases. $775K. 7.24% cap.
7. MOB in Bradenton, FL: 6000 SF well kept medical office building on .63 ac lot at a busy corridor in Tampa suburbs. Next to 24-hr Walgreens.  15 yrs NNN- corp lease with 12+ yrs left to Hospital Corporation of America (NYSE: HCA), the nation’s leading provider of healthcare services. NOI $84K/yr with 3% annual rent bumps. $1.25M. 6.75% cap. Buyer to assume $667K loan at 6.37% interest rate.
8. Shopping Center in Sugar Land, TX: 24,936 SF beautiful center consisting of two retail buildings  completed in 2002 on 2.38 ac lot in fast growing (289.72%) and high income Houston suburbs. 82% leased. $3.9M. Cap/NOI not provided. 
9. Office Building Saint Charles, IL: 18,423 SF Class-B office building on 2+ ac lot anchored by Charter One Bank (A- rated by S&P 500) in affluent (AHI $105K/yr in 3 mile) Chicago metro. Close to Geneva Commons and Delnor Community Hospital. 100% leased to multiple tenants. NOI $226K/yr. $2.7M. 8.38% cap.
10. Office Building in Port Saint Lucie, FL: 8000 SF Class-A multi-tenant office building constructed in 2006 on 1 ac lot  at a major corridor in high growth area. 100% leased. NOI $135K/yr. $1.5M. 9% cap.

© Transmercial 2013