https://secureservercdn.net/188.8.131.52/6vz.f09.myftpupload.com/wp-content/uploads/2021/07/TransmercialHeader.jpg 0 0 davidvtran https://secureservercdn.net/184.108.40.206/6vz.f09.myftpupload.com/wp-content/uploads/2021/07/TransmercialHeader.jpg davidvtran2015-04-29 15:51:262015-06-18 15:51:5004-29: 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 (140% pop growth since 2000) and high income (AHI $101K/yr in 3-miles) Houston suburbs. 100% leased. NOI $215K/yr. $2.45M. 8.80% cap.
- Retail Center in Batavia, IL: 8929 SF eye-catching retail center on 2.52 ac outparcel to Walmart Supercenter in affluent (AHI $120K/yr) Chicago suburbs. 100% NNN leased to Pep Boys, Pacer Dental and Mattress Bargains. NOI $177K/yr. $2.538M. 7% cap.
- Burger King in Chatsworth, CA: 3342 SF fast food restaurant on .65 ac lot in upper middle class Los Angeles suburbs. 100% NNN lease with over 10-yrs left. NOI $145K/yr. $2.42M. 6% cap.
- MOB in Las Vegas, NV: 47,623 SF multitenant medical office building on 1.87 ac lot adjacent to Sunrise Hospital. 88% leased. Actual NOI $590K/yr. $8.2M. 7.20% cap.
- Burger King in Whiteland, IN: 3200 SF well maintained Burger King on nearly 1 ac lot along Hwy-31 in Indianapolis suburbs. 100% NNN corp lease with over 3-yrs left. NOI $84K/yr. $1.018M. 8.25% cap.
- Mixed-use in Garnerville, NY: 8200 well kept retail/office center on .67 ac lot in high income (AHI $90K/yr) New York metro. Close to Helen Hayes Hospital. 100% NNN leased. NOI $84K. $1.575M. 5.33% cap.
- Hooters in Albuquerque, NM: 5000 SF recently renovated restaurant on 1.84 ac lot surrounded by big box retailers and close to Cottonwood Mall. 100% absolute NNN lease with over 6-yrs left to a strong operator. NOI $103K/yr. $1.649M. 6.25% cap.
- Retail Center in Mundelein, IL: 16,803 SF well maintained retail center on 1.56 ac lot in high income Chicago suburbs. Near Westfield Hawthorn Mall. NOI $238K/yr. $2.8M. 8.50% cap.
- Shopping Center in Mundelein, IL: 62,304 SF shopping center in high income Chicago suburbs with an AHI of $107K/yr in a 3-mile ring. NNN leased with good tenant mix. $6M. NOI N/A.
(c) Transmercial 2015