03-06: Burger King, Regional Plaza, Shopping Centers, Retail Centers
- Shopping Center in Lexington, KY: 180,576 SF shopping center renovated in 2003 on over 18 acres of land anchored by 78,337 SF Burlington Coat Factory along major retail artery. Other major national tenants include: Tuesday Morning, Aaron’s, Golden Buffet, Hancock Fabrics and Sherwin Williams. Adjacent to Walmart and close to Saint Joseph East Hospital. Close to Hwy-60. 100% leased with good tenant mix. NOI $1.07M. $13.37M. 8% cap.
- Burger King in Orlando, FL: 4118 SF well maintained Burger King on nearly 2 ac corner lot along busy corridor. Tenant has been at this location since 1994. 100% absolute NNN corp lease with over 4-yrs left. NOI $90K/yr. $1.24M. 7.30% cap.
- Retail Center in Katy, TX: 32,387 SF attractive retail center built in 2005 on 4.58 ac outlot to Walmart Supercenter in a fast growing and high income (AHI $107K/yr in 3 miles) Houston MSA. Good tenant mix include: Pizza Hut, State Farm, Subway and Payless Shoe Source, Dentist, Tutoring Center, China Buffet, Hair Salon and Nail Salon just to name a few. 89% NNN leased. $585K/yr. Price: Best Offer.
- Retail Center in Lithonia, GA: 32,200 SF eye-catching retail center built in 2003 on 4.55 ac lot at a major signalized intersection in growing Atlanta suburbs. Across from The Mall at Stonecrest. Adjacent big-box retailers include: Walmart, Sam’s Club, Target, DSW, Marshalls and more. Close to I-20. 79% NNN leased with excellent tenant mix. NOI $449K/yr. $5.99M. 7.50% cap. Upside potential when fully leased.
- Strip Center in Richland, TX: 13,805 SF strip center constructed in 2007 on 1 ac lot at a hard corner location in growing and high income Kennewick suburbs with an AHI of $93K/yr. Close to Columbia Center Mall. 92% leased. NOI $199K/yr. $2.85M. 7.01% cap.
- Shopping Center in Keiser, OR: 74,800 SF well maintained shopping center on over 5 ac corner lot in Salem suburbs. 96% leased. NOI $792K/yr. $9.9M. 8% cap.
- Retail Center in Hillsboro, OR: 29,391 SF well maintained retail center on 1.93 ac lot along Hwy-8 in Portland suburbs. 86% leased. NOI $220K/yr. $2.94M. 7.50% cap. Upside potential when fully leased.
- Retail Building in Homewood, IL: 19,215 SF attractive retail center renovated in 2011 on nearly 2 ac lot shadow anchored by new Walmart Supercenter in Chicago suburbs. Across from 500,000 SF Power Center with Target, Home Depot and Menards. 100% leased to Buffalo Wild Wings and Dollar Tree. Close to I-80. NOI $259K/yr. $3.61M. 7.20% cap.
- Regional Plaza in Chicago, IL: 111,660 SF shopping center renovated in 2006/2007 anchored by Pete’s Fresh Market. Other national tenants include: Planet Fitness, Fifth Third Bank, Domino’s Pizza and Sally Beauty. With five points of ingress/egress. Across from Walmart Neighborhood Market and close to Mt. Sinai Hospital. NNN leased. NOI $1.436M/yr. $20M. 7.18% cap.
- Shopping Center in Milwaukee, WI: 35,327 SF well kept shopping center at a corner location. Near new Walmart. 87% leased to Southern Smoke, Pizza Hut, USPS, The Party Palace, Liberty Tax Service, Hair Salon, Mayfair Rent-A-Car, Aerial Company Inc., Bistro Cafe, Magic Nails, Carriage Cleaners, Goody Gourmet Popcorn and Payday Loan. NOI $311K/yr. $3.617M. 8.62% cap.