Wednesday, October 29, 2014

10-15: Kiddie Academy, Midas, Retail Buildings, Shopping Centers

  1. Shopping Center in Arlington, TX: 25,645 SF attractive shopping center built in 2005 on 3 ac lot in a fast growing & high income Fort Worth/Dallas suburbs. 75% NNN leased. NOI $309K/yr. $4.421M. 7% cap. Upside potential.
  2. Retail Building in Cortlandt Manor, NY: 4777 SF well maintained retail building on 1 ac lot along main corridor in affluent New York metro with an AHI of $142K/yr in 1 mile. 100% leased to Snap Fitness & Thyme Restaurant. NOI $107K/yr. $1.65M. 6.50% cap.
  3. Shopping Center in Virginia Beach, VA: 50,838 SF well maintained shopping center on over 4 ac lot anchored by G-Mart grocery at a signalized intersection in growing Norfolk suburbs. 100% NNN leased. NOI $376K/yr. $4.7M. 8% cap.
  4. Retail Center in Atlanta, GA: 18,000 SF attractive retail center on 2.62 ac lot anchored by DaVita along Hwy-279. 89% leased. NOI $131K/yr. $1.51M. 8.74% cap.
  5. Kiddie Academy in Naperville, IL: 11,896 SF franchised day care facility constructed in 2006 on 1.60 ac lot in growing and high income (AHI $96K/yr) Chicago suburbs. New 15-yrs NNN lease to an experienced operator. Near Westfield Fox Valley. NOI $258K/yr with 2.25% annual rent bumps. $3.045M. 8.50% cap.
  6. Retail Building in Westminster, CA: 6400 SF well maintained retail center at a corner location in densely populated Orange County. 100% NNN leased to two tenants. NOI $117K/yr. $2.35M. 5% cap.
  7. Retail Center in Katy, TX: 15,000 SF attractive retail center on 1.40 ac lot in affluent Houston suburbs with an AHI of $113K/yr in 3 miles radius. 100% leased to established tenants. Price/NOI N/A.
  8. Midas in Lisle, IL: 5019 SF franchised auto repair center built in 1992 in high income Chicago suburbs. 100% NNN lease with over 18-yrs left. NOI $60K/yr with 2% annual rent increases. $855K. 7.02% cap.
  9. Retail Center in Gurnee, IL: 6217 SF retail center on .80 ac lot at a major retail corridor in Chicago suburbs. Close to Six Flags Great America, Gurnee Mills Mall and I-94. 100% leased to Dunkin’ Donuts, Scottrade and Cravings Red Hot’s. NOI $152K/yr. $2.05M. 7.46% cap. 


            (c) Transmercial 2014
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