03-05: Good Times Burger & Frozen Custard, Dollar General, Liberty Dialysis, Retail Centers

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  • Good Times Burger & Frozen Custard in Centennial, CO: 2100 SF brand new fast food restaurant on .89 ac lot along main retail corridor in fast growing and high income (AHI $99K/yr in 3 miles) Denver MSA. Near Centennial Medical Plaza, Arapahoe Crossings with AMC Theaters and Hwy-83. Brand new 20-yrs absolute NNN corp lease. NOI $93K/yr with 1% annual rent bumps. $1.562M. 6% cap.
  • Retail Center in Saint Charles, IL: 16,189 SF well maintained retail center at a signalized intersection in affluent Chicago suburbs with an AHI of $102K/yr in a 3 mile radius. Good tenant mix: Valley Lock, Chiropractor, Domino’s Pizza, Benefit Personal Training, Tax/Attorney, Cell Phone Repair and Keller Williams. NOI $110K/yr. $1M. 11% cap.
  • Retail Buildings in Brooklyn Park, MN: 34,400 SF consisting of three attractive buildings on over 3 ac corner lot in Minneapolis suburbs. 90% leased with good tenant mix including: Petco, Caribou Coffee, Chipotle, Jimmy John’s, Panda Express and Game Stop. Close to I-494. NOI $515K/yr. $7.365M. 7% cap.
  • Strip Center in Lincoln, CA: 9961 SF attractive strip center along main corridor in growing and upper middle class Sacramento suburbs. Across from Walmart Neighborhood Market. 90% leased to eight tenants. Actual NOI $91K/yr. $1.375M. 6.60% actual cap. Upside potential.
  • Office Building in Tustin, CA: 11,368 SF consisting of two attractive office buildings on .59 ac lot in upper middle class Orange County. Close to Western Medical Center and Hwy-55. 97% leased. $2.65M. NOI/Cap N/A.
  • Retail Center in Grover Beach, CA: 12,600 SF 12-units well maintained retail center in a coastal city in San Luis Obispo County. Tenants include: Community Health Center, Veterinarian and other wellness related tenants. NNN lease with only one vacancy. NOI $135K/yr. $1.85M. 7.30% cap.
  • Dollar General in Jacksonville, FL: 9014 SF Dollar General in a fast growing (127% pop growth since 2000) and high income (AHI $85K/yr) area. Next to Walgreens. 10-yrs absolute NNN lease. NOI $128K/yr. $2.054M. 6.25% cap.
  • Liberty Dialysis in Victoria, TX: 9000 SF Class-A dialysis center constructed in 2009 on over 1 ac lot close to 296-bed Citizens Medical Center. 100% absolute NNN lease with 8-yrs left to Liberty Dialysis, an affiliate of Fresenius Medical Care. NOI $220K/yr with 2% annual rent increases. $3.146M. 7% cap.

03-04: Elite Care, Taco Bell, Rite Aid, Godfather’s Pizza, Tutor Time

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  • Retail Center in Madison, WI: 8614 SF attractive retail center on over 1 ac outparcel to Home Depot and Goodwill center in a growing upper middle class area. With good access to Hwy-14. 100% leased to Subway, Trail This and Wisconsin Indoor Cycling. NOI $85K/yr. $1.069M. 8% cap.
  • Elite Care in San Antonio, TX: 14,878 SF Class-A Elite Care 24 Hour Emergency Center built in 2013 on 2.28 ac corner lot in growing and high income area with an AHI of $85K/yr in 1 mile ring. 100% NNN corp lease with 12-yrs left. NOI $496K/yr. $7.09M. 7% cap.
  • Taco Bell in Las Vegas, NV: 1760 SF franchised fast food restaurant across from Food 4 Less. Near I-515. 100% absolute NNN lease with 4 yrs left to a strong operator with 65-units. NOI $165K/yr. $2.248M. 7.35% cap.
  • Office Building in Cottonwood Heights, UT: 12,798 SF Class-B multitenant office building constructed in 2000 on .86 ac lot in high income (AHI $86K/yr in 3 mile radius) in Salt Lake City suburbs. Close to I-215. 100% lease with good professional tenants mix. NOI $148K/yr. $2.05M. 7.25% cap.
  • Rite Aid in Turlock, CA: 29,860 SF well maintained Rite Aid Pharmacy on 2.59 ac lot along main corridor part of major shopping center with Factory Two U, 99 Cents Only, Goodwill and Big 5 Sporting Goods. 100% absolute NNN lease with over 10-yrs left. NOI $210K/yr. $3.5M. 6% cap.
  • Retail Center in Bell Gardens, CA: 10,000 SF L-shaped well kept retail center on .56 ac lot at a signalized corner location & in densely populated area with over 800,000 residents in a 5 mile radius. Across from Super A Foods. 100% leased to four tenants. NOI $142K/yr. $1.95M. 7.30% cap.
  • Retail Center in Plainville, CT: 22,862 SF well maintained retail center on nearly 2 ac lot at a signalized location in Hartford suburbs. 100% leased. NOI $146K/yr. $2.17M. 6.75% cap.
  • Godfather’s Pizza in Albuquerque, NM: 3883 SF retail building on .90 ac corner lot. New 10-yrs absolute NNN lease. NOI $93K/yr with 10% rent bumps every 5-yrs. $1.55M. 6% cap.
  • Tutor Time in Portage, MI: 10,000 SF single-tenant child care and educational center constructed in 1998 on 1 ac lot in growing Kalamazoo suburbs. Adjacent to The Crossroads Mall. 25-yrs NNN lease with 8-yrs left. NOI $183K/yr. $2.285M. 8.01% cap.

03-03: Firestone Auto Care; IHOP Restaurant; Regional Center; Mixed-Use; Office Building

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  1. Shopping Center in Indianapolis, IN: 59,782 SF consisting of four buildings completed in 2003 on over 8 ac lot in growing middle-class area. Adjacent to Walmart Supercenter. Major tenants include: Rally’s Hamburgers, Sally Beauty, Buffalo Wild Wings, Deals (owned by Dollar Tree), GameStop, Papa Murphy’s Pizza and FedEx Kinko’s. 100% leased. NOI $704K/yr. $9.25M. 7.62% cap.
  2. Retail Center in Cincinnati, OH: 30,511 SF attractive retail center built in 1994 on 6 ac outparcel to 915,956 SF Northgate Mall with Macy’s, DSW, Sears, Burlington Coat Factory, Marshalls, Michael’s, Ulta and HHGregg. With easy access to I-275. 100% NNN leased to Kabuto Japanese Restaurant, Sprint, Life Uniform and Tuesday Morning. NOI $235K/yr. $3.2M. 7.37% cap.
  3. Shopping Center in Las Vegas, NV: 39,600 SF well kept shopping center on 3.58 ac lot along main retail artery & in densely populated area. Close to I-515. 94% leased. NOI $487K/yr. $6.97M. 7% cap.
  4. Regional Center in Clovis, CA: 88,000 SF attractive shopping center on 7.59 ac lot at a signalized corner location. Across from Sunflower Marketplace with Walmart, Sally Beauty Supply, Goodwill, Walgreens and more. Between Sierra Vista Mall and Hwy-4. National tenant include: Big Lots, DD’s Discount, Hometown Buffet, Taco Bell, Long John Silver and A&W. 93% leased. NOI $847K/yr. $13M. 6.52% cap.
  5. Mixed-use in Fair Oaks, CA: 17,000 SF Class-B office/retail building at a corner lot in high income (AHI $104K/yr in 1 mile) Sacramento suburbs. 85% leased. NOI $154K/yr. $2.2M. 7% cap.
  6. Office Building in Murray, UT: 24,573 SF Class-B multitenant office building constructed in 1995 on 2.77 ac lot in growing Salt Lake City suburbs. Next to Murray Central Station and across from Intermountain Health Center. 100% NNN leased. Pro forma NOI $283K/yr. $4.056M. 7% cap.
  7. Firestone in Fort Wayne, IN: 7740 SF Firestone auto center built in 2005 on 1.39 ac outparcel to Menards along Hwy-27. Adjacent to Walmart Supercenter. 100% NNN lease with 6-yrs left. NOI $150K/yr. $2.151M. 7% cap.
  8. IHOP in Clearwater, FL: 4424 SF IHOP Restaurant on .52 ac lot on an off/on ramp of Hwy-19. Next to Super 8 Hotel and across from Walmart Supercenter. 100% NNN lease with 9-yrs left. NOI $82K/yr. $1.3M. 6.34% cap.

(c) Transmercial 2015

03-02: Fitness Evolution; Zaxby’s; AAA Auto; Wild Berries Restaurant

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  1. Shopping Center in Brownsville, TX: 56,204 SF shopping center built in 2002 on 5.85 ac lot in a fast growing area. Across from 75,000 SF H-E-B and adjacent to new 195,000 SF Walmart Supercenter. 100% NNN leased. NOI $749K/yr. $9.991M. 7.50% cap.
  2. Fitness Evolution in Modesto, CA: 43,347 SF fitness center on 2.62 ac lot along major artery. 20-yrs absolute NNN corp lease. NOI $396K/yr with 1.25% annual rent increases. $5.657M. 7% cap.
  3. MOB in Lancaster, CA: 10,646 SF Class-A single tenant medical office building completed in 2005 on over 1 ac lot in growing Los Angeles suburbs. Adjacent to 420-bed Antelope Valley Hospital and close to Hwy-14. New 10-yr NNN lease to High Desert Gastroenterology and Advanced Endoscopy and Pain Center. NOI $389K/yr with 3% annual rent bumps. $5.986M. 6.50% cap.
  4. Zaxby’s in Jonesboro, GA: 3195 SF attractive franchised Zaxby’s Restaurant built in 2006 on .75 ac lot at a signalized corner location in fast growing Atlanta suburbs. Close to Southlake Pavilion Power Center with Costco, AMC Theaters, Burlington Coat Factory, T.J. Maxx and Barnes & Noble. Near Southlake Mall and I-75. 11-yrs absolute NNN lease. NOI $167K/yr. $2.391M. 7% cap.
  5. Retail Center in Leigh, FL: 25,000 SF retail center built in 2006 on over 3 ac lot along major corridor in Cape Corral suburbs. 100% leased. NOI $467K/yr. $6.2M. 7.5% cap.
  6. Strip Center in Matthews, NC: 13,888 SF strip center built in 2008 on 1.61 ac lot in high income (AHI $94K/yr) Charlotte suburbs. Next to I-485. 100% NNN leased. Pro forma NOI $224K/yr. $2.64M. 8.50% cap.
  7. MOB in Mathews, NC: 11,413 SF Class-B multitenant medical office building in high income Charlotte suburbs. Adjacent to Novant Health Mathews Medical Center. 100% leased. NOI $131K/yr. $1.649M. 8% cap.
  8. AAA in Manteca, CA: 6492 SF Class-B single tenant office building constructed in 1990 in growing upper middle-class San Joaquin County. 100% NNN lease with 3-yrs left to AAA, a brand name tenant. Near Kaiser Permanente. NOI $102K/yr. $1.43M. 7.20% cap.
  9. Retail Center in Orlando, FL: 20,160 SF well maintained thirteen units retail center built in 2008 along busy corridor. 100% NNN leased. NOI $156K/yr. $1.95M. 8% cap.
  10. Wild Berries Restaurant in Normal, IL: 6230 SF Wild Berries Restaurant on over 1 ac outparcel to major Power Center in Bloomington suburbs. 100% NNN lease with 5-yrs left. NOI $148K/yr. $1.75M. 8.50% cap.

(c) Transmercial 2015

02-27: MOB; Taco Bell; Shopping Center; Office Buildings

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  1. Shopping Center in Rancho Cordova, CA: 36,595 SF well maintained consisting of three buildings including 1670 SF freestanding Wienerschnitzel on 3.52 ac lot in growing middle class Sacramento suburbs. 85% NNN leased. Actual NOI $271K/yr. $4.05M. 6.70% cap.
  2. Shopping Center in San Bernardino, CA: 12,700 SF retail building and 7500 SF single-tenant restaurant constructed in 2005 on over 3 ac lot. Next to Costco and across from 130,421 SF Sam’s Club. Close to I-10. Some tenants include: Jimmy John’ s Gourmet Sandwiches, Pick Up Stix, Shogun, OneMain Financial, Luau Maui Hawaiian BBQ, and others. 100% NNN leased. NOI $572K/yr. $9.45M. 6.06% cap.
  3. MOB in Sacramento, CA: 13,615 SF Class-B single-tenant medical office building completed in 2007. With easy access to I-80. 100% leased to Sutter Medical Group. NOI $386K/yr. $5.95M. 6.50% cap.
  4. Strip Center in Hurst, TX: 26,383 SF well maintained strip center on 3 ac lot in Fort Worth suburbs. Adjacent to Super Target. Close to Hwy-183/121. 86% leased. Actual NOI $99K/yr. $1.2M. 8.32% cap. Upside potential.
  5. MOB in Tinley Park, IL, 15,500 SF Class-B multitenant medical office building on over 2 ac lot in upper middle class (AHI $83K/yr in 3 miles) Chicago suburbs. 48% leased to four tenants. Actual NOI $142K/yr. $2.5M. 5.7% actual cap. Vacant spaces are all built out for medical use. Upside potential.
  6. Taco Bell in Glendale, AZ: 1536 SF drive-thru fast food restaurant on .64 ac lot along busy corridor in Phoenix suburbs. 100% NNN lease with 4-yrs left to a strong franchisee with over 140 units. NOI $69K/yr. $963K. 7.25% cap.
  7. Retail Center in Cottage Grove, MN: 15,607 SF attractive retail center on nearly 2 ac lot in upper middle class Minneapolis suburbs with an AHI of $86K/yr in a 5 mile ring. Across from Kohl’s and next to Hwy-10. 77% NNN leased. NOI $176K/yr. $2.2M. 8% cap.

(c) Transmercial 2015

02-26: Rite Aid Pharmacy, Hereford Steakhouse, MOB, Office Building, Retail Center

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  1. Retail Center in Palmetto, FL: 9690 SF retail center built in 2007 on 1 ac lot in Tampa         suburbs. Shadow anchored by 215,000 SF Walmart Supercenter. With easy access to Hwy-41. 93% NNN leased to 5 tenants.  Current NOI $85K/yr. $1.1M. 7.82% actual cap. Upside potential when fully leased.
  2. Strip Center in Mount Pleasant, MI: 16,000 SF strip center on over 1 ac corner lot. 1/2 block from Central Michigan University campus.  Close to McLaren-Central Michigan Hospital. 100% NNN leased to AutoZone, Book Shelf, Party Store and Sewing Store. NOI $133K/yr. $1.62M. 8.22% cap.
  3. Retail Center in North Charleston, SC: 17,160 SF well maintained retail center on 1.39 ac lot. All units face busy corridor. 100% leased with national, regional and local tenants. NOI $135K/yr. $1.45M. 9.34% cap.
  4. Rite Aid in Mechanicsville, VA: 11,288 SF well maintained Rite Aid Pharmacy built in 1998 on 1.49 ac lot along main artery in growing and high income Richmond suburbs with an AHI of $111K/yr. Tenant has been at this location since 1998. Outparcel to Food Lion shopping center. 20-yrs NNN lease with 8-yrs left. NOI $164K/yr. $2.273M. 7.25% cap.
  5. Hereford House in Leawood, KS: 11,055 SF Steakhouse Restaurant on 1 ac outparcel to Town Center Plaza in high income Kansa City suburbs. Close to Menorah Medical Center. New 15-yrs absolute NNN lease.  NOI $254K/yr with annual rent increases. $3.512M. 7.25% cap.
  6. Shopping Center in Lithonia, GA: 48,400 SF attractive retail center constructed in 2002/2003 on 4.34 ac lot anchored by HHGregg in fast growing Atlanta suburbs. Adjacent to The Mall at Stonecrest and close to I-20. 100% leased to 3 tenants: HHGregg Appliances, Direct Furniture, and Pro Fit Fitness & Rehab. NOI $368K/yr. $4.565M. 8.10% cap.
  7. MOB in Walnut Creek, CA: 6938 SF Class-B multitenant medical office building on .49 ac lot in affluent (AHI $109K/yr) San Francisco metro. Across from 572-bed John Muir Medical Center. 100% leased. NOI $142K/yr. $2.3M. 6.18% cap.
  8. Office Building in Smithtown, NY: 20,000 SF well maintained four-story office building in high income New York suburbs with an AHI of $120K/yr in 1 mile radius. 95% leased with good tenant mix. NOI $210K/yr. $3M. 7% cap.

(c) Transmercial 2015

02-25: Grocery Outlet, MOB, Kiddie Academy, Strip Centers

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  1. Strip Center in Plainfield, IL: 8101 SF attractive strip center built in 2006 in along major retail artery in growing (274% pop growth) and affluent Chicago suburbs with an AHI of $138K/yr in a 3-mile ring. Shadow anchored by Kohl’s and Party City. 100% NNN leased to Sherwin Williams, Edward Jones, Kumon and Cleaners. NOI $140K/yr. $1.915M. 7.35% cap.
  2. Grocery Outlet in Escondido, CA: 19,033 SF well maintained Grocery Outlet on 1.49 ac lot on a commercial corridor in San Diego metro. Across from Walmart, Home Depot and Albertsons. Near Palomar Medical Center.  10-yrs NNN- corp lease with 9-yrs left to a regional tenant with 200+ locations and $1B in revenue.  NOI $267K/yr with a rent bump in 2018.  $4.452M. 6% cap.
  3. Retail Center in Lexington, SC: 11,273 SF retail center constructed in 2008 on 1.22 ac lot in growing and high income (AHI $85K/yr) Columbia suburbs. 100% NNN leased. NOI $212K/yr. $2.6M. 8.16% cap.
  4. MOB in Los Angeles, CA: 9440 SF Class-B multi tenant medical office building on .48 ac lot in a densely populated area. Across from Maravilla Light Rail Station. With easy access to I-710 and Hwy-60. 100% leased to nine long-term tenants. NOI $112K/yr. $1.88M. 6% cap.
  5. Shopping Center in Fort Myers, FL: 65,688 SF shopping center built in 2004 on over 14 ac outparcel to high volume Super Target along Hwy-41. 100% leased to Petco, Cost Plus World Market, Dollar Tree and TigerDirect.com. 6.75% cap. NOI/Price N/A.
  6. Office Building in Phoenix, AZ: 46,523 SF Class-B four-story office building on 1.61 ac lot at a signalized corner location. Adjacent to Los Ninos Hospital.  Close to Phoenix Childrens Hospital, Arizona Heart Hospital and Hwy-51. 86% leased to multiple tenants. $4.2M. NOI N/A.
  7. Kiddie Academy in Carpentersville, IL: 9000 SF child care learning facility built in 2009 on over 1 ac lot in high income Chicago metro with an AHI of $100K/yr. Close to Spring Hill Mall. 100% NNN lease with 12-yrs left to a strong franchisee with over 130 units. NOI $184K/yr. $2.46M. 7.50% cap.

(c) Transmercial 2015

02-24: Walgreens, Regional Center, Retail Plaza, Office Building, Shopping Centers

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  1. Shopping Center in Carrolton, TX: 83,697 SF shopping center on 7 ac lot at a hard corner location anchored by 20,068 SF Dollar Tree in high income (AHI $99K/yr in a mile ring) Dallas/Fort Worth suburbs Adjacent to Asian Super Market shopping center. 85% NNN leased. Actual NOI $601K/yr. $7.075M. 8.50% actual cap. Upside potential when fully leased.
  2. Walgreens in Fort Worth, TX: 15,120 SF Walgreens Pharmacy on 1.60 ac lot at a hard corner location. Strong sales of over $6M per year. 100% NNN lease with 4-yrs left. NOI $296K/yr. $4.228M. 7% cap.
  3. Retail Center in Fort Worth, TX: 17,322 SF attractive retail center built in 2006 on over 2 ac lot along busy corridor in a fast growing and high income area. Major tenants include: Goodwill, Convenience Store, GS Mobile, Little Caesars, Day Span, Check ‘n Go and Golden China Restaurant. Across from Walmart. 100% NNN leased. NOI $362K/yr. $4.999M. 7.25% cap.
  4. Retail Center in Lithonia, GA: 17,540 SF retail center constructed in 2004 on 1.60 ac lot anchored by Anna’s Linens in fast growing Atlanta MSA. Across from 1,300,000 SF Stonecrest Mall with 120 stores. Close to I-20. 100% leased. NOI $230K/yr. $2.88M. 8% cap.
  5. Retail Plaza in Littleton, CO: 53,587 SF well maintained shopping center on over 4 ac lot in a high income Denver suburbs with an AHI of $93K/yr. Across from Southwest Plaza Mall and Super Target. 91% NNN leased.  NOI $397K/yr. $5.19M. 7.65% cap.
  6. Retail Center in Phoenix, AZ: 27,873 SF well kept retail center on 2 ac outparcel to Metro Center Mall. Close to Castles N Coasters entertainment park and I-17. 100% leased. NOI $341K/yr. $4.55M. 7.5% cap.
  7. Regional Center in Las Vegas, NV: 71,000 SF attractive shopping center on 6.46 ac lot. Close to 960,000 SF Meadows Mall and University Medical Center. With easy access to Hwy-95. 97% leased. NOI $797K/yr. $10.9M. 7.32% cap.
  8. Office Building in San Bernardino, CA: 17,112 SF attractive multitenant office building completed in 2007 in a growing area. Near I-215/10. 100% leased. NOI $170K/yr. $2.35M. (Below replacement cost). 7.25% cap.
  9. Strip Center in Spokane, WA: 10,597 SF strip center on nearly 1 ac lot anchored by O’Reilly Auto Parts at a signalized corner location. 100% leased. NOI $186K/yr. $2.66M. 7% cap.
  10. Retail Center in Kissimmee, FL; 11,575 SF retail center built in 1996 on 1.29 ac lot in growing Orlando suburbs. Adjacent to Publix Grocery Center and across from Ross Dress for Less. 100% NNN leased. NOI $132K/yr. $1.56M. 8.51% cap.

(c) Transmercial 2015

02-23: Retail centers, Starbucks, Kmart, Tire Kingdom, VA clinic

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  1. Strip Center in Las Vegas, NV: 7769 SF strip center built in 2006 on 1.2 ac lot in fast growing & high income SE of Las Vegas (1300% since 2000!).  Next to CVS, Sonic, Jiffy Lube, and Carl’s Jr.  100% leased to 6 tenants.  NOI $138K/yr. $2M. 6.91% cap.
  2. Starbucks in San Angelo, TX: 1527 SF Starbucks built in 2003 on .3 ac corner lot.  Starbucks recently spent $300K to renovate the building and renew lease for 10 more yrs.  NOI $69K/yr. $1.155M. 6% cap.
  3. Kmart in Arvada, CO: 105,000 SF retail center consists of Kmart and Goodtimes Burger on a major artery in Denver metro.  100% leased with 8 yrs left.  NOI $458K/yr. $5.9M. 7.77% cap.
  4. Tire Kingdom in Tampa, FL: 5900 SF auto service center on .64 ac lot on a major artery.  100% corp lease with 4 yrs left to TBC Retail Group with 1400 locations. Tenant haw been here since 1984.  NOI $91K/yr. $1.31M. 7% cap.
  5. Shopping Center in Schenectady, NY: 59,919 SF shopping center on 6.12 ac lot in Albany metro. Anchored by 15,939 SF Aldi grocery, a discount supermarket chain with 9000 locations in 18 countries.  Other tenants include Dominos, Hertz, Autoparts Int’l, CDTA, Emptees Recycling, Sung Feng Chinese Restaurant.  NOI $202K/yr. $2.25M. 9% cap.
  6. VA Outpatient Center in Denton, TX: 9519 SF medical office building on 1 ac lot in a city North of Dallas.  100% leased to U.S. Department of Veteran Affairs with 5 yrs left.  NOI $175K/yr. $2.338M. 7.5% cap.

 

(c) Transmercial 2015

02-20: Retail centers, Office Building, Meineke

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  1. Shopping Center in Bradenton, FL: 12,569 SF shopping center built in 2004 on 1.44 ac lot in high income (AHI of $83K/yr) Tampa suburbs.  Excellent visibility with all units facing SR70.  100% NNN leased to 6 good tenants: AAA Auto, UPS Store, Supercuts, Subway, Nail Salon, and Michelangelo Pizza.  NOI $226K/yr.  $3.25M. 6.9% cap.
  2. Shopping Center in Bradenton, FL: 11,000 SF retail center built in 2002 on 1.67 ac corner lot in high income (AHI $96K/yr) Tampa suburbs.  100% NNN leased to 7 tenants.  NOI $216K/yr.  $3.1M. 6.9% cap.
  3. Shopping Center in Heron Creek, FL: 15,600 SF strip center built in 2006 on 1.6 ac lot in Fort Myers.  Shadow anchored by Walgreens. 92% NNN leased to 6 tenants including: Beef O’ Bradys,  Great Clips, Cocoberry Frozen Yogurt, State Farm, Animal Hospital, Liquor Store.  NOI $227K/yr. $3.15M. 7.2% cap.
  4. Office Building in Bridgeport, CT:  21,000 SF 3-story office building on .48 ac lot.  100% leased to 2 tenants: day care center and a nursing school.  NOI $105K/yr. $1.25M. 8.77% cap.
  5. Meineke Auto Center in Henderson, NV: 4200 SF auto service center with 9 service bay and a cash wash bay built in 2005 on .59 ac lot in high income (AHI of $87K/yr) Las Vegas metro.  100% leased to a franchisee since 2005 with 9 yrs left.  NOI $123K/yr with rent bumps.  $1.545M. 8% cap.
  6. Retail Center in Fredericksburg, VA:  20,000 SF retail center on 2.5 ac lot as part of a 75-shop power center anchored by Target, Marshalls, Cost Plus World Market, Staples, Dick’s Sporting Goods, Joanne Fabrics, Kohls, and Petsmart.  Easy access to I-95.  100% NNN leased.  NOI $478K/yr. $6.495M. 7.36% cap.

(c) Transmercial 2015