- Shopping Center in Winchester, VA: 79,947 SF consisting of
four attractive retail buildings built in 2008 on over 12 ac outparcel to
126,000 SF Target and Lowe’s on an off/on ramp of I-81. Notable tenants
include: Sleepy’s, Sprint, Sally Beauty Supply, GameStop, PetSmart, Party
City and Subway. 98% NNN leased. NOI $1.397M/yr. $17.998M. 7.76% cap.
- Mixed-use in San Jose, CA: 19,826 SF well
maintained retail/office center on 1.55 ac lot along major artery. Between
Eastridge Mall and Hwy-101. 88% leased. NOI $371K/yr. $6.75M. 5% cap.
- Shopping Center in Las Vegas, NV: 53,689 SF striking
shopping center constructed in 2005 on 5.58 ac lot in a growing and high
income area with an AHI of $92K/yr in 1 mile. Adjacent to major shopping
centers with Whole Foods Market, Barnes & Noble, Target, Pier 1
Import, and The Loft. 100% NNN leased. NOI $1.347M/yr. $19.65M. 6.86% cap.
- Retail Center in Urbandale, IA: 22,771 SF retail center
built in 2001 in fast growing and high income (AHI $99K/yr in 3 miles) Des
Moines suburbs. Outparcel to Super Target and Home Depot. Next to I-80.
86% leased. NOI $239K/yr. $3.189M. 7.50% cap.
- Jack in the Box in Henderson, NV: 2660 SF drive-thru fast
food restaurant completed in 1999 on an off/on ramp of I-215. 100% NNN
corp lease with 4-yrs left. NOI $136K/yr. $2.125M. 6.40% cap.
- Shopping Center in The Woodlands, TX: 31,505 SF well kept
shopping center on over 3 ac lot in fast growing and high income (AHI
$94K/yr in 3 miles) Houston MSA. Along I-45. 95% leased. NOI $423K/yr.
$5M. 8.47% cap.
- Strip Center in Patchogue, NY: 7000 SF strip center on
.68 ac corner lot in upper middle class (AHI $84K/yr) New York suburbs.
Close to Hwy-27. 100% leased to five tenants. NOI $138K/yr. $1.95M. 7.10%
cap.
- Golden Corral in Chattanooga, TN: 10,594 SF Golden Corral
buffet restaurant on 1.79 ac outparcel to Kohl’s and Target. Close to
Hamilton Place Mall and I-75. 100% NNN lease with 12-yrs left. NOI
$216K/yr with rent bumps every 5-yrs. $3.099M. 7% cap.
- IHOP in Atlanta, GA: 4500 SF IHOP Restaurant built in 2008 outparcel to
Walmart. Across from Kroger and Dollar Tree center. 20-yrs absolute NNN
lease with over 13-yrs left. NOI $197K/yr. $3.046M. 6.50% cap.
(c) Transmercial 2015
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