Monday, January 5, 2015

12-18: Starbucks Coffee, Walgreens, Verizon Wireless, Quik Cash, MOB

  1. Inline Center in Fort Worth, TX: 9176 SF attractive retail center built in 2003 on 1.38 ac lot in a fast growing upper middle class area in Dallas metro. Shadow anchored by Albertsons Supermarkets, a major supermarkets chain with over 2400 locations. 100% NNN leased to six tenants. NOI $177K/yr. $2.295M. 7.75% cap.
  2. Starbucks in Little Rock, AR: 1750 SF well maintained Starbucks Coffee constructed in 2006 on .46 ac lot along busy retail corridor. Close to I-430. 10-yrs NNN- corp lease with 2-yrs left. NOI $92K/yr. $1.315M. 7% cap.
  3. Strip Center in Overland Parks, KS: 4636 SF newly constructed strip center on .75 ac lot in high income (AHI $96K/yr) Kansas City suburbs. 100% NNN leased to Little Caesars, Supercuts & Jimmy John’s. NOI $112K/yr. $1.603M. 7% cap.
  4. MOB in Chapel Hill, NC: 9800 SF Class-B single-tenant medical office building on .66 ac lot in a high income (AHI $98K/yr) city Southwest of Durham. Close to University Mall and Hwy-501. Tenant has been at this location since 1990’s. Newly executed 5-yr lease by Wake Radiology, a regional tenant with 20 locations. NOI $204K/yr. $2.733M. 7.50% cap.
  5. MOB in Richland, WA: 29,168 SF Class-B multi-tenant  medical office building adjacent to 249-bed Kadlec Regional Medical Center. NOI $129K/yr. $1.999M. 6.50% cap.
  6. Walgreens in Chicago, IL: 15,120 SF drug store on nearly 1 ac lot at a signalized intersection. Near St. Bernard Hospital and I-94. 100% NN lease. NOI $320K/yr. $5.12M. 6.25% cap.
  7. Shopping Center in Denver, CO: 20,754 SF consisting of two retail centers built in 202 on 3 ac lot. Shadow anchored by Walmart Neighborhood Market. 93% NNN leased with excellent tenant mix. NOI $465K/yr. $7.16M. 6.50% cap.
  8. Strip Center in Des Moines, IA: 9312 SF strip center on .76 ac lot along main artery and adjacent to Walgreens. 100% NNN leased. NOI $110K/yr. $1.1M. 10% cap.
  9. Verizon Wireless in Independence, MO: 5673 SF well maintained retail building on .85 ac lot along main retail corridor in Kansas City MSA. Newly extended NNN- lease till 2021. NOI $68K/yr with 10% rent bumps every 5-yrs. $1.052M. 6.50% cap.
  10. Quik Cash in Various Cities: three well maintained retail buildings: 2 in MO and 1 in MS with combined 11,969 SF. Newly executed 10-yrs absolute NNN lease. NOI $128K/yr with a 10% rent increase in year 6. $1.6M. 8% cap.


            (c) Transmercial 2014
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)