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03-26: Hooters, Family Dollar, Fresenius, Shopping Centers

  1. Hooters in Columbia, SC: 5793 SF Sports Bar & Grill Restaurant built in 1998 on 1.31 ac lot on an off/on ramp of I-27. Adjacent to Columbiana Centre, Walmart Supercenter, Home Depot, and Lowes.  20-yrs absolute NNN corp lease with 10-yrs left. NOI $212K/yr with rent bumps every 5-yrs. $2.599M. 8.20% cap.
  2. Strip Center in Atlanta, GA: 6000 SF attractive strip center constructed in 2009 on .80 ac lot. 1010% NNN leased to Dunkin’ Donuts, Jimmy John’s and Gourmet Sandwiches. NOI $130K/yr. $1.828M. 7.13% cap.
  3. Retail Building in Myrtle Beach, SC: 8058 SF retail building across from Walmart Supercenter and Costco. Close to Coastal Grand Mall with Dillard’s, Belk and JCPenney. 100% NNN leased to Vitamin Shoppe and Men’s Wearhouse. NOI $240K/yr. $3M. 8% cap.
  4. Shopping Center in Henderson, NV: 64,599 SF well maintained shopping center completed in 2003 on 5.74 ac outparcel to Galleria at Sunset. Surrounded by major power centers with Walmart, Target, Bed Bath & Beyond and more. With easy access to Hwy-95. Major tenants include: Walgreens, Buffalo Wild Wings, Panera Bread and Sports Clips. 94% leased. NOI $1.383M/yr. $19.275M. 7.18% cap.
  5. Neighborhood Center in Indianapolis, IN: 102,678 SF well kept shopping center on 11½ ac lot anchored by Big Lots and HHGregg in a fast growing area. Across from Washington Square Mall. 85% leased. NOI $483K/yr.  $6.45M. 7.50% cap.
  6. Retail Center in Houston, TX: 18,864 SF retail center on 1.69 ac lot with excellent visibility. Close to New Forest Crossing and The Shops at Stone Park major power centers. 100% leased with medical and retail tenants including Dow Emergency Care. 8% cap. NOI/Price N/A.
  7. Retail Building in Mesa, AZ: 4900 SF attractive retail building at a signalized intersection. Outparcel to Bashas’ grocery, Big 5 Sporting, Dollar General, Big Lots, Harbor Freight Tools and Goodwill. 100% leased to Filiberto’s Mexican Food & T-Mobile. NOI $137K/yr. $1.82M. 7.54% cap.
  8. Office Building in Charlotte, NC: 24,870 SF Class-B single tenant office building in growing and upper middle class area. New 10-yrs NNN lease to Integra Employer Health. NOI $372K/yr. $4.5M. 8.29% cap.
  9. Office building in Vancouver, WA: 32,000 SF Class-B office building renovated in 2012-2014 on 2 ac lot in Portland suburbs. Near I-5. 95% leased to multiple tenants. Pro forma NOI $245K/yr. $3.65M. 6.70% cap.
  10. Family Dollar & Fresenius in Memphis, TN: 16,269 SF two-tenant retail building in a fast growing area. 100% NNN leased to Family Dollar and Fresenius Dialysis. NOI $226K/yr. $3.55M. 6.38% cap.

(c) Transmercial 2015