Wednesday, June 4, 2014

05-21: NextCare Urgent Care, Burger King, Strip Center, MOB, Neighborhood Center

  1. Retail Building in Hanford, CA: 5190 SF attractive retail building completed in 1997 outparcel to 99 Cents Only and OSH center. 100% NNN leased to Advance America, Baja Fresh and Pizza Hut. NOI $76K/yr. $1.095M. 7% cap.
  2. Neighborhood Center in Lincoln, NE: 120,132 SF shopping center anchored by Hy-Bee Mainstreet Grocery, Salvation Army and Family Dollar. 94% leased. NOI $701K/yr. $8.5M. 8.25% cap.
  3. NextCare Urgent Care in Moore, OK: 3637 SF Class-A newly constructed single tenant medical office building on .86 ac lot in Oklahoma City metro. Close to Moore Medical Center and I-35. 10-yrs absolute NNN corp lease. NOI $103K/yr with annual CPI rent bumps. $1.563M. 6.6% cap.
  4. MOB in Jacksonville, FL: 9895 SF Class-B multi-tenant medical office building completed in 1997 on over 1 ac lot adjacent to Mayo Clinic-Jacksonville. 100% lased. NOI $96K/yr. $1M. 9.70% cap.
  5. Burger King in Palatine, IL: 2250 SF drive-thru fast food restaurant on .69 ac lot in Chicago suburbs. Across from Arlington Park Race Track and near Hwy-53. 20 yrs absolute NNN lease with 3 yrs left. NOI $76K/yr. $960K. 8% cap.
  6. Burger King in Westchester, IL: 2841 SF Burger King on 1 ac lot outparcel to Goodwill shopping center in Chicago suburbs. 20-yrs absolute NNN lease with 3+ yrs left. NOI $72K/yr. $906K. 8% cap.
  7. Retail Center in Richland, WA: 13,805 SF attractive retail center at a signalized intersection in growing and high income area. Close to Columbia Center Mall. 90% leased. NOI $199K/yr. $2.85M. 7.01% cap.
  8. Retail Plaza in Hauppauge, NY: 38,031 SF well maintained retail plaza on 3.80 ac lot in high income New York suburbs with an AHI of $115K/yr in 1 mile. NOI $622K/yr. $8.3M. 7.50% cap.
  9. Retail Center in Bowling Green, KY: 12,575 SF retail center built in 2010 on 1 ac lot in a growing city. Tenants include:  Wild Eggs Restaurant, Rent-a-Center, U.S. Nails, and State Farm Insurance. 100% NNN leased. NOI $198K/yr. $2.65M. 7.50% cap.
  10. Strip Center in Crest Hill, IL: 9900 SF six-units strip center built in 2007 on 1 ac lot in fast growing Chicago suburbs. 100% leased. NOI $123K/yr. $1.45M. 8.50% cap.

            (c) Transmercial 2014
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