Go to Top

Blog Archives

05-08: Boston’s Pizza, Citibank, MOB, Perkins, Retail Centers

Boston’s Pizza in Fontana, CA: 6878 SF Boston’s Pizza restaurant built in 2013 on almost 1 ac lot in high income area with AHI of $96K/yr.  Easy access to a good visibility from hwy 210. 15 yrs NNN lease.  NOI $292K/yr with 10% rent bumps every 5 yrs.  $4.3M. 6.8% cap. CitiBank in Hanford, CA: 4816 SF bank on .42 ac corner lot.  100% absolute NNN lease till 2024 to …Read More

05-07: VASA Fitness Center, Tilted Kilt, Professional Plaza, Office Buildings

Shopping Center in Eldersburg, MD: 57,585 SF well maintained shopping center on 6 ac lot in growing and high income (AHI $108K/yr in 3 miles) Baltimore suburbs. 92% NNN leased. NOI $723K/yr. $10.331M. 7% cap. Office Building in Murray, UT: 36,921 SF Class-B multitenant office building on nearly 2 ac lot in Salt Lake City suburbs. Close to Intermountain Medical Center and with easy access to I-15. Actual NOI $366K/yr. $5.239M. 7% …Read More

05-06: Wendy’s, Grocery Outlet, Tuffy Auto Service Center, 24-Hour Fitness, Smile Magic, Autozone, MOB

Wendy’s in Appleton, WI: 2845 SF franchised Wendy’s fast food restaurant on 1.35 ac lot on an off/on ramp of Hwy-41. Adjacent to Fox River Mall, Home Depot, Sam’s Club and more. New 20-yrs absolute NNN lease. NOI $109K/yr with 1.5% annual rent increases. $1.8M. 6.10% cap. Grocery Outlet in Stockton, CA: 13,969 SF brand new single tenant grocery store on over 1.16 ac lot at a busy retail corridor. Adjacent to …Read More

05-05: Dollar Tree, Sonic Drive-In, O’Reilly Auto Parts, Dotty’s Restaurant, Garcia’s Mexican Restaurant, MOB

Dollar Tree in Mobile, AL: 10,000 SF newly constructed Dollar Tree on 1.79 ac lot. Across from Bishop State Community College and close to I-165. 100% NNN- corp lease with 10-yrs left. NOI $125K/yr. $1.851M. 6.75% cap. NOTE: flyer not available, full OM upon request. Shopping Center in Greenwood, IN: 31,673 SF well maintained shopping center on 4.57 ac lot in upper middle class Indianapolis suburbs. Between Kroger grocery center and Meijer grocery. 78% …Read More

05-04: Tuffy & Car-X, 99-Cents Only Store, Pollo Regio, MOB, Rite Aid, Retail Centers

Tuffy/Car-X in Indianapolis, IN: 4950 SF attractive auto & tire center on .78 ac outparcel to Walmart center. Across from Lowe’s and near Costco, St. Vincent Indianapolis Hospital and I-465.  100% NNN corp lease with 8-yrs left. NOI $117K/yr with 1.75% annual rent increases. $1.748M. 6.75% cap. 99-Cents Only Store in Colton, CA: 21,413 SF retail building on over 1 ac corer lot in San Bernardino County. Near Inland Center Mall and I-215. 100% …Read More

05-01: Walgreens, Hancock Fabrics, Lumber Liquidators, Tires Plus, O’Reilly Auto Parts, Advance Auto Parts

Walgreens in Glen Ellyn, IL: 14,490 SF attractive drive-thru Walgreens Pharmacy constructed in 2004 at a hard corner location in affluent Chicago suburbs with an AHI of $118K/yr in 1 mile. 100% lease with over 9-yrs left. NOI $420K/yr. $7M. 6% cap. Hancock Fabrics in Baldwyn, MS: 742,372 SF Hancock Fabrics corp headquarters & distribution center on 64½ acres of land along Hwy-45. 20-yrs absolute NNN lease. NOI $2.16M/yr. with annual 1.5% rent …Read More

04-30: MOB, Shopping Center, Retail Center, Strip Centers

Retail Center in Southaven, MS: 15,900 SF attractive retail center built in 2007 on over 2 ac lot in growing Memphis suburbs. Close to Baptist Memorial Hospital-Desoto and I-55/69. Immediately surrounded by national retailers including Walmart Supercenter, Target, Home Depot, Marshalls, Petco, Office Depot, and Sports Authority. 100% NNN leased with good tenant mix. NOI $275K/yr. $3.5M. 7.87% cap. Shopping Center in Houston, TX: 73,440 SF well maintained shopping center on over …Read More

04-29: Jimmy John’s, Burger King, MOB, Mixed-use, Hooters Restaurant, Retail Centers

Jimmy John’s in Madison Heights, MI: 1540 SF Jimmy John’s Restaurant built in 2009 along busy corridor in Detroit metro. Adjacent to Universal Mall, with Marshalls, Burlington Coat Factory and Cinemark Movie Theater. Long absolute NNN lease with over 10-yrs left. NOI $61K/yr with 3% rent bumps every 2-yrs. $950K. 6.5% cap. Retail Center in Spring, TX: 12,000 SF attractive retail center on 1½ ac lot along major corridor in fast growing …Read More

04-28: Office Plaza, MOB, Retail Centers, Strip Centers, Office Complex

Retail Center in Union City, CA: 11,720 SF well maintained retail center on 1.44 ac lot at a signalized intersection in Northern CA. With easy access to I-880. 100% with mostly NNN leases. NOI $278K/yr. $5.5M. 5.07% cap. Shopping Center in Phoenix, AZ: 75,559 SF well kept neighborhood center on 5.69 ac lot anchored by Goodwill and Blast Fitness along a main artery. Close to Christown Spectrum Mall, 216-bed Phoenix Baptist Hospital and I-17. 83% …Read More

04-27: Fresenius, Inline Center, Car-X, Perkos Cafe, MOB, Shopping Centers

Below are the most commonly used acronyms: AHI: Avg. Household Income.  National average is about $55+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. Shopping Center in Fort Worth, TX:  17,332 SF Retail center built …Read More