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: […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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, […]
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 […]
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. […]