- Shopping Center in Arvada, CO: 22,528 SF shopping center built in 2001 on 2+ ac lot in high income Denver suburbs with an AHI of $147K/yr in 1 mile radius. 100% NNN leased to 11 tenants. NOI $300K/yr. $3.8M. 7.9% cap.
- Walgreen’s in Morton Grove, IL: 14,440 SF Walgreen’s on 1.5 ac lot at a hard corner location in high income (AHI $89K/yr in 1 mile) Chicago suburbs. Close to on/off ramp of I-94. 100% NNN- corp lease with 6+ yrs left. NOI $375K/yr. $5.363M. 7% cap.
- Apartments in Houston, TX: 270-unit attractive multifamily complex on 10 ac lot in a growing area. Upgrades include: near $2.8M rehabbed completed in 2011. 2 yr old roofs, fully painted, hardi-plank siding, plumbing improvements, pool rehab, landscape improvements, parking/walkways repairs and new signage. NOI $836K/yr. $9.55M. 7.90% cap.
- Jonny Carino’s in Lake Charles, LA: 6532 SF Italian Restaurant built in 2003 on 1.57 ac lot at main retail corridor. Between Lowe’s & across from Walmart Supercenter. Near I-210. 17 yrs absolute NNN corp lease with 7+ yrs left. NOI $173K/yr with 1% annual rent increases. $1.93M. 9% cap.
- Jiffy Lube in San Antonio, TX: 8539 SF well maintained auto center on .81 ac lot at a busy corridor and close to I-410. New 20 yrs NNN lease to strong franchisee with 74 units. NOI $92K/yr with 10% rent bumps every 5 yrs. $1.316M. 7% cap.
- Strip Center in Sacramento, CA: 3,110 SF strip center built in 2008 on .80 ac lot at a hard corner location. 100% NNN leased to 2 tenants: Cash 1, and Circle S Deli. NOI $101K/y. $1.225M. 8.27% cap.
- Office Building in Meridian, ID: 5131 SF Class-A office building on .42 ac lot in growing and upper middle-class Boise suburbs. Close to I-84. 100% leased to multiple tenants. NOI $82K/yr. $1.1M. 7.50% cap.
- Townhomes in Columbus, OH: 46-unit attractive multifamily complex built in 1994 in upper middle class area. Close to parks, shopping centers and I-270. 100% occupied. NOI $215M. $2.8M. 7.70% cap.
© Transmercial 2013
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