03-30: Ross Dress For Less, Medical Buildings, Retail Buildings

Welcome new investors.  Each property has a brief description and a flyer (attached).  For a full marketing brochure, please email to maria@transmercial.com.  Previous lists are posted on Transmercial’s blog after 2 weeks delay. Please click here to see how Transmercial selects the following properties among 300-400 properties on the market today.  Underlined phrases if any indicate (safe) hyperlink that you can click for more info.   

AHI: Avg. Household Income.  National average is about $50+K/yr.

NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.

NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1. Strip Center in Van Nuys, CA: 4260 SF strip center along main artery in densely populated Los Angeles area. 100% NNN leased. NOI $108K/yr. $1.495M. 7.25% Cap.
2. Shopping Center in Dallas, TX: 17,882 SF shopping center built in 2002 on 1.76 acres lot.  Shadow-anchored by Super Target with excellent regional/local tenants: T-Mobile, Little Caesars, Payless Shoesource, Game Stop, City Nails and several others. 94% NNN leased. NOI $337K/yr. $4.1M. 8.24% Cap.
3. Shopping Center in Rogers, MN: 46,865 SF newly constructed shopping center on 4.9 acres of land along I-94/52 in fast growing (214.46%) Minneapolis suburbs. Fully occupied by two national tenants: Goodwill lease expires in 2021 and Best Buy lease expires in 2018. NNN leases. NOI $639K/yr. $7.7M. 8.30% Cap.
4. Shopping Center in Kingman, AZ: 49,208 SF recently renovated shopping center at End-Cap location across from Kingman Regional Medical Center off of I-40. 100% NNN leased by Ross Dress for Less and PetSmart. NOI $357K/yr. $4.610M. 7.75% Cap.
5. Retail Buildings in Highlands Ranch, CO: 50,495 SF completely remodeled retail buildings in fast growing (425.67%) & affluent (AHI $98K/yr in 1 mile) Denver suburbs. 100% NNN leased by national tenants. NOI $491K/yr. $6.550M. 7.5% Cap.
6. Retail Center in Vancouver, WA: 36,014 SF retail center along main retail corridor with excellent tenant mix. NOI $442K/yr. $5.2M. 8.5% Cap.
7. Medical Building in Chula Vista, CA: 22,556 SF Class-B medical office building conveniently located between Scripps Mercury Hospital and Sharp Chula Vista Mesta Medical Center. 91% NNN leased. NOI $326K/yr. $5M. 6.53% Cap.
8. Office Building in El Segundo, CA: 30,810 two-story single-tenant office building on 1.53 acres of parcel. 100% absolute NNN leased till 2018 to The Aerospace Corporation. NOI $808K/yr. with 3% annual rent bump.  $10.9M. 7.42% Cap.
9. Strip Center in Oklahoma City, OK: 4526 SF well-maintained strip center anchored by Starbucks Coffee along main retail corridor. 100% NNN leased. NOI $108K/yr. $1.435M. 7.54% Cap.
10. Retail Center in Commack, NY: 6400 SF multi-tenant retail center in wealthy (AHI $113K/yr) neighborhood just East of NY. 100% leased. NOI $152K/yr. $1.7M. 8.95% Cap.  

© Transmercial 2011

03-29: Shopping centers, Walgreens, Urban Fitness, Taco Bell

1.       Shopping Center in Chula Vista, CA: 19752 SF shopping center on 1.5 acres lot in San Diego metro.  91% leased to 9 tenants.  Current NOI $439K/yr. $5.85M. 7.51% cap.

2.       Tire Pros in Chandler, AZ: 6429 SF auto service center on .81 acre lot in middle class Phoenix metro.  5 yrs NNN lease.  NOI $98K/yr with annual CPI-based rent increase.  $1.15M. 8.5% cap.

3.       Shopping Plaza in Lakeside, CA: 40,812 SF shopping plaza on 3.45 acres corner lot in middle-class San Diego metro.  Shadow anchored by 43,624 SF Albertsons supermarket.  Anchored by Rite Aid, O’Reilly’s Auto and Chase Bank. 91% leased with 3 small vacant units.  NOI $639K/yr. $7.8M.  8.2% cap.

4.       Strip Mall in Montgomery, AL: 10,000 SF strip center built in 1999 on 1.43 acres outparcel to a Wal-mart and 350,000 SF power center.  75% NNN leased to RadioShack, GameStop, Advance America, Kimberly's Beauty Supply.  NOI $127K/yr. $1.2M. 10.65% cap.

5.       Walgreens in Morgan Hill, CA: 14,976 SF drug store built in 2002 on 1.75 acres lot near Hwy 101 exit in high income Silicon Valley suburbs (AHI $129K/yr).  100% NNN lease till 2022 in primary term.  NOI $401K/yr.  $5.5M. 7.3% cap.

6.       Urban Active Fitness center in Charlotte, NC: 42,160 SF 2-story fitness center built in 2010 on 3.35 acres lot in prestigious Ballantyne Development in South Charlotte with AHI $103K/yr.  next to I-485 exit.  20 yrs NNN lease to Urban Active Fitness.  NOI $893K/yr. $9.922M. 9% cap.

7.       Towne Market Center in Dallas, TX: 52,688 SF retail center on 4.9 acres lot near I-30.  Remodeled in 2008-2010.  100% NNN leased to 3 national/regional tenants: DD’s Discount owned by Ross), Save-A-Lot 9chain with 1250 stores), and Citi Trends (chain with 449 stores in 6 states).  NOI $314K/yr. $3.936M. 85 cap.

8.       Shopping Center in Jacksonville, FL: 174,153 SF neighborhood shopping center in fast growing area (22% since 2000).  Anchored by Floor & Decor, Office Depot, Harbor Freight Tools and Dollar General. 99% leased.  NOI $1.285M. $14M.  9.18% cap.

9.       Retail Office Center in Palm Bay, FL: 17,760 SF retail/office center on 2.5 acres lot in fat growing Melbourne metro.  83% leased.  Current NOI $162K/yr. $1.8M. 9% cap.

10.   Taco Bell in Las Vegas, NV: 2828 SF restaurant on major artery in Las Vegas.  100% NNN leased to a franchisee with 60 stores.  NOI $156K/yr. $1.84M. 8.5% cap.

© Transmercial 2011.

03-28: Jack in the Box, Chili's, Apartments, Jiffy Lube, Shopping Centers

1.       Jack In the Box in Albuquerque, NM: 2800 SF fast food restaurant on 1.09 acres corner lot.  Shadow anchored by Walgreens and close to Home Depot.  20 yrs NNN ground lease (land is for sale) with 18+ yrs remaining to a franchisee with 50 locations.  NOI $58K/yr with 10% rent bump every 5 yrs.  Only $846K.  6.85% cap.

2.       Chili’s restaurant in Albuquerque, NM: 5860 SF family restaurant built in 2006 on 1.57 acres lot.  Shadow anchored by Walgreens and close to Home Depot.  Easy access to I-40.  15 yrs NNN corp ground lease (land is for sale) with 10 yrs remaining (building with substantial value will revert to landowner if lease is not renewed) to Brinker International (NYSE: EAT) with 1500 locations in 30 countries.  NOI $90K/yr. with 10% rent bump every 5 yrs.  $1.35M. 6.65% cap.

3.       Bank owned Apartments in Las Vega, NV: 135-unit apartments on 3 acres lot near UNLV, Sunrise Medical Center and Las Vegas Convention Center.  Amenities include two pools, covered parking, laundry facilities.  93% occupied.  NOI $407K/yr. $4.75M. 8.57% cap.

4.       Shopping Center in Old Hickory, TN: 39,720 SF shopping center built in 1999 in growing middle class Nashville.  Anchored by 33,450 SF Food Lion Supermarket.  100% leased. NOI $365K/yr. $4.2M. 8.7% cap.

5.       Jiffy Lube in Mesa, AZ: 1670 SF Jiffy Lube near Home Depot and Wal-mart.  Easy access to Hwy 60.  New 15 yrs NNN lease to an operator with 60 locations.  NOI $96K/yr with 10% rent bump every 5 yrs. $1.13M. 8.5% cap.

6.       Condo Apartments in North providence, RI: 12-unit 10,034 SF 2-story condo apartments built in 1987 in high income area.  100% occupied. NOI $79K/yr. $769K.  10% cap.

7.       Shopping Center in Wilmington, NC: 44,180 SF shopping center anchored by Food Lion supermarket and Kerr Drug.  NOI $369K/yr. $4.4M. 8.48% cap.

8.       Shopping Center in Fairfield, CT: 28,000 SF multi-tenant shopping center near Fairfield train station in high income coastal city.  100% leased.  NOI $480K/yr. $6M. 8% cap.

© Transmercial 2011

03-25: CVS, Walgreens, Comfort Inn, Shopping Centers, Office Buildings, AutoZone

1. CVS in Lawrenceville, GA: 13,225 SF drug store built in 2008 on 3.47 acres lot with double drive-thru in fast growing middle class Atlanta suburbs.  25 yrs NNN lease with 23 yrs remaining.  NOI $347K/yr. $5.347M. 7% cap. 
2. Comfort Inn & Suites in Houston, TX: 49-room 3-story 34,326 SF hotel built in 2004 on 1+ acre lot with indoor swimming pool.  Gross income $586K.  NOI $241K.  $2.5M.  9.67% cap. 
3. Shopping Center in San Diego, CA: rare 23,303 SF 4-building retail center built in 2007 on 5.11 acres lot across from the harbor with high barriers of entry and development.  Zoned visitor commercial (tourists area). 83% NNN leased to 11 tenants.  Pro forma NOI $916K/yr. $10.5M. 8.73% cap. 
4. Office Tower in Grand Prairie, TX: 118,536 SF class-A 8-story office tower with 4-level parking garage on 3.3 acres lot in affluent Dallas/Fort Worth suburbs (AHI $127K/yr in 1 mile). 94% leased to institution-grade tenancy with long term leases.  NOI $1.44M. $16M. 9% cap. 
5. CVS in Jacksonville, FL: 13,824 SF drug store built in 2004 on 2.47 acres parcel in an upscale Southern suburb of Jacksonville. 100% NNN lease with1 4 yrs remaining.  NOI $416K/yr. $5.75M. 7.25% cap. 
6. Strip Mall in Houston, TX: 7200 SF strip center built in 2006 on .7 ac lot in upper middle area (AHI $90K/yr).  100% leased to 5 tenants including T-Mobile, Goodwill, Liberty Tax, and Payday Loan.  NOI $158K/yr. $1.75M. 8.5% cap. 
7. Walgreens in Bremerton, WA: 14,490 SF drug store built in 2009 on 1.45 acres lot in Seattle metro.  100% NNN lease.  NOI $423K/yr. with rare 17% rent bump in first option. $6.295M. 6.75% cap.  No state income taxes in WA. 
8. AutoZone in Fontana, CA: 7183 SF AutoZone built in 1996 on .72 ac outparcel to 630,000 SF Power Center anchored by Target, Ross and Kaiser Permanente next to I-10 exit.  100% NNN leased till 2018.  NOI $129K/yr with 10% rent bump every 5 yrs (next one in 2013).  $1.985M. 6.5% cap. 
9. Childtime in Yorktown, VA: 7893 SF childcare center built in 1996 on 1.32 acres lot in high income Newport News metro.  10 yrs absolute NNN leased till 2020 to Learning Care Group with 1000 units.  NOI $158K/yr. with CPI-based annual rent bump.  $1.7M. 9.3% cap. 
10. Medical Office Building in San Jose, CA: 3766 SF medical office building with 25 parking spaces with easy access to Hwy 101.  3 of 4 tenants will sign new leases at close of escrow.  75% leased.  NOI to be determined.  $1.05M. 

© Transmercial 2011.

03-24: Mi Pueblo, Cabone's, Rite Aid, CVS, Shopping Centers, Office Building

AHI: Avg. Household Income.  National average is about $50+K/yr.

NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.

NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1. Mi Pueblo Supermarket in Pittsburg, CA: 50,173 SF supermarket remodeled in 2009 on 5.35 acres lot next to hwy 4 exit and East of San Fran.  NNN lease till 2024 to Mi Pueblo Food center, a fast growing regional tenant with 17 locations in Northern CA.  NOI $840K/yr. with 10% rent bump every 5 yrs.  $11.93M. 7% cap.
2. Cabone’s Pizzeria restaurant in Rosemount, MN: 5461 SF regional franchised Cabone’s pizza restaurant in high income Saint Paul suburbs.  100% NNN lease till 2018.  NOI $98K/yr. $895K.  11% cap.
3. Rite Aid in Douglasville, GA: 11,275 SF drug store with rare frontage on 3 different roads in middle class Atlanta suburbs.  New 20 yrs NNN lease.  NOI $255K/yr with 10% rent bump every 10 yrs.  Store with strong sales of $10+M, i.e. highly profitable.  $2.95M. 8.65% cap.
4. Single tenant retail center in Rockledge, FL: 2700 SF single-tenant retail center on 1 ac lot in front of Publix Supermarket.  100% NNN leased to Amscot, a regional financial tenant.  NOI $91K/yr. With 3% annual rent bump. $1.074M. 8.64% cap.
5. Rite Aid in Reading, MA: 13,611 SF drug store in wealthy Boston suburbs (AHI $99K/yr in 1 mile).  New 20 yrs NNN lease.  NOI $301K/yr with 10% rent bump every 10 yrs.  $3.469M. 8.7% cap.
6. CVS in Cave Creek, AZ: 13,813 SF drug store built in 2005 on 1.75 ac corner lot in wealthy & growing Northern Phoenix suburbs with AHI over $121K/yr in 1 mile.  20 yrs NNN lease with 14 yrs remaining.  NOI $439K/yr. $6.05M. 7.25% cap.
7. Strip Center in Newman, GA: 12,600 SF strip center built in 2000 on 2 acres lot in high growth, high income Atlanta metro.  100% NNN leased to 3 national tenants: Advance Auto, Snap Fitness, and Sherwin Williams.  NOI $160K/yr. $1.944M. 8.25% cap.
8. Retail Center in Elk Grove, CA: 9950 SF 4-yrs old upscale retail center on 1+ ac lot in fast growing high income Sacramento suburbs.  Shadow anchored by Walgreens, Kragen Auto and surrounded by Safeway, CVS, Rite Aid.  71% NNN leased to 3 tenant with 1 vacant endcap.  Current NOI $106K/yr.  $1.7M. 6.3% cap.  Upside potential when 100% leased.
9. Office Building in Greensboro, NC: 98,300 SF class-A 4-story office building completed in 1998 on 7.75 acres lot with I-40 visibility.  NOI $742K/yr. $8.16M. 9.1% cap.
10. Strip Center in Frisco, TX: 7265 SF upscale retail center built in 2009 on 1 acre lot in booming (213% since 2000) and affluent (AHI $121K/yr in 1 mile) Dallas suburbs.  100% NNN leased to 3 tenants.  NOI $207K/yr. $2.3M. 9% cap.
    

© Transmercial 2011.

03-23: Retail centers, Valvoline, Multifamily, Rite Aid, CVS, Kmart

1.      Strip center in Turnersville, NJ: 11,740 SF strip center on a high-traffic major artery in upper middle class Philadelphia suburbs. NOI $148K/yr. $1.85M. 8% cap.

2.      Valvoline Oil Change in Vista, CA: 2857 SF auto service center on ¾ ac lot near Hwy 78 in middle class San Diego suburbs.  Surrounded by National retailers Wal-Mart, Target, Walgreens, Office Depot, Petsmart, Michael's, and more. 15 yrs absolute NNN lease with 13+ yrs remaining to an operator with 40+ locations in CA & AZ.  NOI $66K/yr with CPI-based annual rent bump. $1.056M. 6.25% cap.

3.      Multifamily in Webster, TX: 90 2-3 BR condo townhomes with attached carports/garages on 6.39 acres of lush grounds and mature landscaping in high income Houston suburbs.  Amenities include fitness center, swimming pool, controlled gate access.  75% occupied.  Pro forma NOI $407K/yr. $4.25M. 9.59% cap.

4.      Rite Aid in Liverpool, NY: 10,908 SF drug store built in 1999 on 1.84 acres lot in high income Syracuse.  20 yrs NNN- lease with 8 yrs remaining.  NOI $206K/yr.  $1.95M. 10.6% cap.

5.      CVS Drugstore in Tulare, CA: 15,789 SF drug store (former Longs Drug) on 1.69 acres outparcel to Lowe’s in fast growing town in San Joaquin Valley.  100% NNN lease till 2032.  NOI $288K/yr. $4.12M. 7% cap.

6.      Big Kmart in Harlingen, TX: 91,631 SF big box on 6.73 acres lot next to HEB supermarket.  100% leased to K-mart.  Tenant has been here for 35 yrs and just exercised 5 yr option.  NOI $170K/yr. $1.67M. 10.2% cap.

7.      Checker in Conyers, GA: 936 SF double drive thru fast food restaurant on .38 acre lot right off I-20 exit in Atlanta metro.  20 yrs absolute ground lease with 19 yrs remaining to an operator with 55 locations.  NOI $66K/yr with 20% rent bump in 2020.  $910K. 7.25% cap.

8.      Commercial lot in Sunnyvale, CA: 3 acres corner lot consists of 3 parcels on El Camino Real in the high income Silicon Valley.  The property has 24,820 SF 100% leased mixed use building, a Jack In the Box restaurant with NOI of over $600K/yr.  The 2 buildings will revert to land owner in 2015 (who will then collect over 600K of NOI from the tenants).  Unpriced but is probably somewhere between $7-8M.

9.      Shopping Center in Mokena, IL: 44,800 SF shopping center built in 2005 on 4.4 acres lot high income (AHI $90K/yr in 1 mile)) Chicago suburbs.  88% leased to 8 tenants.  Current NOI $647K/yr. $7.9M. 8.16% cap.

© Transmercial 2011.

03-22: Neighborhood Centers, Walgreen's, Family Dollar, Office Depot, Wendy's

AHI: Avg. Household Income.  National average is about $50+K/yr.

NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.

NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1. Shopping Center in Folsom, CA: 25,396 SF stunning neighborhood center constructed in 2006 on 3.29 acres of parcel in growing upper middle class Sacramento suburbs (AHI 94K/yr). Across from Folsom Square, a 214,000 SF power center anchored by Target. 100% NNN leased to national/regional tenants. NOI $720K/yr. $8.875M. 8.12% Cap.
2. Retail Center in Windsor, CA: 14,210 SF Class-A retail center on 1.41 acres outparcel to a Wal-mart, Home Depot and Office Depot anchored center with outstanding visibility from U.S. Hwy-101. 100% NNN leased with great tenant mix: Sleep City, Quizno’s. Urgent Care, Nail Salon, Cold Stone and Veterinary Equities. NOI $416K/yr. $5.370M. 7.75% Cap.
3. Neighborhood Center in Columbus, OH: 34,416 SF well-maintained shopping center on 4.38 acres of land in fast growing (78.87%) middle-class (AHI $80K/yr) Columbus metro. 95% NNN leased. NOI $565K/yr. $5.975M. 9.46% Cap.
4. Walgreen’s in Midland, TX: 14,820 SF newly constructed Walgreen’s Pharmacy at busy intersection in growing oil town. 100% NNN leased. NOI $479K/yr. $6.699M. 7.15% Cap.
5. Family Dollar in Ocala, FL: 8050 SF single tenant retail building constructed in 2010 on over 1 acre lot. New10-years NNN corp lease. NOI $129K/yr. $1.527M. 8.5% Cap.
6. Office Depot in Greensboro, NC: 27,416 SF Office Depot built in 1994 on 2.26 acres lot in commercial corridor in high income area.  15 yrs NNN corp lease with 13.5 yrs remaining.  NOI $329K/yr with 10% rent bump every 5 yrs (next one in 3.5 yrs).  $4.112M. 8% cap.
7. Office Building in Arlington Heights, IL: 48,285 SF Class-B multi-tenant two-story office building in upper middle (AHI $93K/yr in 1 mile) Chicago metro.  Close to shopping centers & restaurants with established tenants. 83% leased. NOI $355K/yr. $3.950M. 9% Cap.
8. Strip Center in Winnetka, CA: 12,776 SF strip center with good ingress/egress at major thoroughfare in densely populated Los Angeles suburbs. 100% NNN leased. NOI $236K/yr. $3.1M. 7.63% Cap.
9. Wendy’s Restaurant in Cypress, TX: 3397 SF free-standing Wendy’s Restaurant constructed in 2004 on .97 acre lot outparcel to Kroger Supermarket in Houston suburbs. New 20-years NNN lease. NOI $112K/yr. with 7% rent increases every 5-years.  Store with strong sales revenue of $1.44M.   $1.425M. 7.88% Cap.
10. Shopping Center in Woodland, CA: 22,400 SF six-tenant shopping center at busy signalized intersection north-west of Sacramento close to I-5. 80% leased. NOI $105K/yr. $1.5M. 7% Cap.    

© Transmercial 2011.

03-21: Retail Centers, Office Depot, Apartments for sale

AHI: Avg. Household Income.  National average is about $50+K/yr.

NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.

NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1. Retail Center in Pittsburg, CA: 9600 SF attractive retail center shadow-anchored by fast growing Mi Pueblo grocery store. Adjacent to proposed B.A.R.T Station next to Hwy-4. 100% NNN leased by credit tenant: Panda Express, Pittsburg Employees Federal Credit Union, Cartridge World, UPS Store and Western Dental. NOI $335K/yr. $4.470M. 7.5% Cap.
2. Apartment Complex in Houston, TX: 72-units well maintained multifamily complex on 5 acres of land with spacious 2-3 bedroom apartments near Hwy-90. 94% occupied. NOI $262K/yr. $2.850M. 9.20% Cap.
3. Retail Center in Cookeville, TN: 7020 SF multi-tenant retail center shadow-anchored by Wal-Mart with great tenant mix: US Cellular, Oreck, Papa Murphy’s Pizza and Fast Signs. 100% NNN leased. NOI $ 148K/yr. $1.714M. 8.70% Cap.
4. Strip Center in South Gate, CA: 8710 SF strip center on .43 acre lot at busy corner location along main corridor near I-710 in densely populated Los Angeles area. 100% NNN leased. NOI $120K/yr. $1.5M. 8.03% Cap.
5. Retail Center in Lancaster, CA: 13,436 SF well-kept multi-tenant retail center on .39 acre lot at busy corner location. 100% leased. NOI $133K/yr. $1.990M. 6.7% Cap.
6. Shopping Center in Placerville, CA: 18,130 SF shopping center consisting of two-retail building constructed in 2006 across from Wal-Mart at highly visible location. 90% leased. NOI $455K/yr. $6.950M. 6.55% Cap.
7. Office Depot in Tyler, TX: 25,000 SF single-tenant retail building on 2.54 acres of land conveniently located across from Broadway Square Mall. 100% NNN leased. NOI $274K/yr. $3.330M. 8.25% Cap.
8. Shopping Center in Gainesville, GA: 13,400 SF shopping center constructed in 2002 on 1.64 acres of parcel in fast growing Atlanta metro. NOI $69K/yr. $900K. 7.72% Cap.

© Transmercial 2010. 

03-18: Ryan's, Docs Liquor, big 5, Shopping Center, Jack in the Box

1.      Ryan’s Buffet in Indianapolis, IN: 9601 SF Ryan’s buffet restaurant on an outparcel to a shopping center anchored by Hobby Lobby and Michaels.  20 yrs NNN corp lease till 2027 to Buffets, Inc . (owns Home Town Buffet & County Buffet).  Profitable store.  NOI $192K/yr. $1.713M. 11.22% cap.

2.      Doc’s Liquor Store in Lubbock, TX: 15,376 SF liquor store on 1.59 acres lot next to Loop 289 exit.  20 yrs absolute NNN corp lease from a company with 40+ locations in TX.  NOI $391K/yr. with 10% rent bump every 5 yrs.  $4.55M. 8.6% cap.

3.      Apartments in Brentwood, CA: 14-unit apartments built in 1975 in a fast growing middle class San Fran East Bay area.  100% occupied.  NOI $122K/yr. $1.399M. 8.75% cap.

4.      Big 5 Sporting Goods in Parker, CO: 11,562 SF single-tenant retail center built in 2008 on 1 acre lot in fast growing (140%) and affluent (AHI $113K/yr in 1 mile) Denver suburbs. 10 yrs NNN corp lease with 7+ yrs remaining.  NOI $172K/yr. with 10% rent bump every 5 yrs.   $2.2M. 7.83% cap.

5.      Shopping Center in Katy, TX: 16,800 SF shopping center on 2.3 acres lot next to Walgreens in affluent Houston suburbs (AHI $135K/yr in 1 mile).  100% NNN leased to 8 diverse tenants.  NOI $252K/yr. $2.883M. 8.75% cap.

6.      Shopping Center in Douglasville, GA: 76,554 SF mature shopping center on a corner lot in growing Atlanta metro.  97% leased.  NOI $384K/yr. $4.275M. 9% cap.

7.      Jack In the Box in Tucson, AZ: 2900 SF restaurant on .69 ac outparcel at the entrance of a power center anchored by Target Greatland, Office Max, Bed Bath and Beyond, Ross, Walgreen's, Fry's Food and Drug, and Petco in growing area. 20 yrs NNN lease with 15 yrs remaining.  NOI $117K/yr. $1.68M. 7% cap.

© Transmercial 2011.