02-12: KFC & Taco Bell; Family Dollar; Rite Aid; Serrano’s Mexican Restaurant; Sweet Tomatoes

/by
  • KFC & Taco Bell in Marietta, GA: 5000 SF dual branded fast food restaurant built in 1999 on .58 ac outparcel to Target in growing and high income Atlanta metro. Across from major Power Centers with Lowe’s, Publix and Home Depot. 20-yrs absolute NNN ground lease (land for sale) with 4-yrs left to a strong franchisee with 227 units. NOI $54K/yr. $947K. 5.75% cap.
  • Family Dollar in Indianapolis, IN: 8320 SF Family Dollar built in 2014 on .69 ac lot at a signalized intersection. 10-yrs NNN- corp lease with 9-yrs left. NOI $118K/yr. $1.638M. 7.25% cap.
  • Shopping Center in Warren, MI: 100,865 SF well maintained shopping center on 9.56 ac lot anchored by Kroger Supermarket in Detroit suburbs. 98% NNN leased. Actual NOI $793K/yr. $10.241M. 7.75% cap.
  • Rite Aid in Charlotte, NC: 11,421 SF Rite Aid constructed in 1999 on 1.82 acres of lot located at hard corner. 100% NNN corp lease with 5-yrs left. NOI $241K/yr. $3.021M. 8% Cap.
  • Retail Center in Reno, NV: 12,700 SF attractive retail center along busy retail corridor. Close to VA Medical Center. 100% leased. NOI/Price N/A.
  • Serrano’s Mexican Grill in Henderson, NV: 2574 SF highly rated on Yelp Mexican Restaurant on .69 ac lot along main artery in upper middle class Las Vegas suburbs. Recent $150K renovations.100% absolute NNN lease with 12-yrs left. NOI $85K/yr with 2% annual rent bumps. $1.2M. 7.08% cap.
  • Spring Mobile in Addison, IL: 3000 SF recently renovated single tenant retail building on .64 ac outparcel to Addison Cinema and Planet Fitness. Along major corridor and close to I-355. 100% NNN lease. NOI $102K/yr with rent increases. $1.325M. 7.70% cap.
  • Sweet Tomatoes in Jacksonville, FL: 7519 SF all-you-care-to-eat restaurant buffet constructed in 2001 on over 1 ac lot across from Regency Square Mall. 20 yrs absolute NNN lease with 5 yrs left. NOI $198K/yr with CPI rent bumps every 5 yrs. $2.263M. 8.75% cap.
  • Professional Building in San Jose, CA: 9123 SF well maintained office building in growing upper middle class area. 90% leased to multiple tenants. NOI $91K/yr. $1.3M. 7% cap.
  • Office Building in Farmington, MI: 68,119 SF multitenant office building renovated in 1996 at a hard corner location in affluent Detroit suburbs with an AHI of $119K/yr in 1 mile. Close to I-696. 81% leased. NOI $501K/yr. $6.4M. 7.84% cap.

02-11: Harbor Freight Tools, CVS Pharmacy, MOB, Neighborhood Centers

/by
  • Retail Building in Northglenn, CO: 7048 SF attractive retail center in growing Denver suburbs. Renovated in 2008. Excellent visibility. High barrier to entry area. Close to Northglenn Marketplace, Thornton Town Center Mall and I-25. 100% leased to Advanced Urgent Care and Dazbog Coffee. NOI $143K/yr. $2.2M. 6.50% cap.
  • Harbor Freight Tools (S&P B+) in Portland, OR: 21,725 SF well maintained single tenant retail building on over 1 ac lot along main retail corridor. Across from Fred Meyers Supermarket. Near Eastport Plaza anchored by Walmart, Jo-Ann Fabric and LA Fitness. 10-yrs NNN lease with 9-yrs left. NOI $260K/yr with 10% rent bump in year 6. $4.17M. 6.25% cap.
  • CVS Pharmacy in Clinton Township, MI: 13,013 SF drug store constructed in 2004 on 6 ac lot at a signalized corner location in upper middle class Detroit suburbs. Tenant has been at this location since 1995. 100% NNN corp lease with 10+yrs left. NOI $320K/yr with rare 3% rent increases every 5-yrs. $5.124M. 6.25% cap.
  • Shopping Center in Tamarac, FL: 79,998 SF well maintained shopping center on over 7 ac lot at a major corner location in Fort Lauderdale suburbs. Adjacent to University Hospital & Medical Center. Major tenant include: Sav-A-Lot Grocery, R.C. Hobbies, Dunkin’ Donuts, Goodyear Tire and Quest Diagnostics. 92% leased. Actual NOI $787K/yr. $10.5M. 7.50% cap. Upside potential.
  • Retail Center in Round Rock, TX: 9157 SF shopping center on 1.60 ac lot along main corridor in high income Austin suburbs. Close to St. David’s Round Rock Medical Center. 100% NNN leased. NOI $161K/yr. $2.3M. 7% cap.
  • MOB in Lancaster, CA: 7497 SF well maintained single tenant medical office building in Southern California. Near Antelope Valley Hospital and Hwy-43. NOI $112K/yr. $1.875M. 6% cap.
  • Neighborhood Center in Houston, TX: 110,115 SF shopping center on 9 ac lot anchored by PetSmart at a major corner location. Close to 339-bed Houston Northwest Medical Center. Adjacent to major Power Centers and I-45. 87% leased. Actual NOI $1.122M/yr. $14.960M. 7.50% actual cap. Upside potential when fully leased.
  • Retail Center in Louisville, KY: 16,100 SF attractive retail center on 1.22 ac lot in a growing middle class area. Adjacent to Home Depot and Target. Across from Kroger and hhgregg shopping center. NNN leased. 8.75% cap. Price N/A.

02-10: PLS Check Cashers, BREAKmax, El 30 Mariscos, MOB

/by
  • PLS Check Cashers in Arlington, TX: 2592 SF recently renovated single tenant retail building on .41 ac lot at a signalized intersection and along main retail artery in Fort Worth suburbs. Outparcel to Kohl’s and close to I-20. 10-yrs NNN- lease with 9-yrs left to a growing credit tenant with over 300 units. NOI $77K/yr with a 10% rent bump in yr-6. $1.149M. 6.74% cap.
  • Shopping Center in Brownsville, TX: 56,204 SF attractive shopping center built in 2002 on 5.85 ac lot with four points of access and along main corridor. Across from 75,000 SF H-E-B grocery. Credit tenants include: Buffalo Wild Wings, Cricket, Sprint PCS, Supercuts and EZMoney. 100% NNN leased. NOI $749K/yr. $9.991M. 7.50% cap.
  • BREAKEmax in Tucson, AZ: 5487 SF vehicle service center on .62 ac lot in a growing area. Close to Tucson Mall and Hwy-77. New 10-yrs absolute NNN corp lease. NOI $77K/yr with 7.5% rent increases every 5-yrs. $1.138M. 6.85% cap.
  • Office Building in Grapevine, TX: 4896 SF Class-B office building in growing and high income (AHI $115K/yr in 5 mile ring) Fort Worth Dallas suburbs. Close to Baylor Regional Medical Hospital and Hwy-114. 100% leased to three tenants. NOI $76K/yr. $950K. 8% cap.
  • Shopping Center in Orange, CA: 30,400 SF well maintained shopping center along major retail corridor in densely populated (534,000 residents in 5 mile radius) and high income (AHI $91K/yr in 3 miles) Southern California. 100% NNN leased. NOI $513K/yr. $8.4M. 6.11% cap.
  • Retail Center in Northville Township, MI: 14,000 SF retail center in high income Detroit suburbs. Near I-275. 83% leased. Actual NOI $119K/yr. $1.295M. 9.25% actual cap. Upside potential when fully leased.
  • El 30 Mariscos in Oxnard, CA: 5727 SF highly rated on Yelp upscale Mexican Seafood Restaurant on .73 ac lot in upper middle class Southern California. Adjacent to Fremont Square Shopping Center with Albertsons, Starbucks, Party Supply Depot, Rite Aid and more. 100% NNN lease with 6-yrs left. NOI $68K/yr. $1.145M. 6% cap.
  • Retail Center in Suwanee, GA: 19,996 SF attractive retail center built in 2008 on 4.80 ac lot along main retail corridor in affluent (AHI $112K/yr in 3 miles) Atlanta metro. 100% leased. NOI $436K/yr. $4.477M. 9.75% cap.
  • Retail Center in Palos Heights, IL: 5548 SF retail center on .69 ac outparcel to Jewel-Osco supermarket in high income Chicago suburbs. 100% NNN leased to Lou Malnati’ s Pizzeria, Great Clips, Jersey Mike’ s Subs and Forever Yogurt. NOI $126K/yr. $1.8M. 7% cap.
  • MOB in Dallas, TX: 11,500 SF Class-B single tenant medical office building on over 4 ac lot in a growing and high income area. 100% NNN lease with 7-yrs left to Scott Sabolich Prosthetics & Research, a leader in prosthetic care, design and innovation. NOI $185K/yr. $2.645M. 7% cap.

02-09: MedExpress Urgent Care, Kroger, Best Buy, Midas Auto Service

/by
  • MedExpress Urgent Care in Altoona, PA: 6400 SF attractive single-tenant medical office building on .48 ac lot in a growing middle-class area. Close to Logan Valley Mall and with easy access to I-99. 20-yrs NNN lease. NOI $78K/yr. $1.2M. 6.50% cap.
  • CVS Pharmacy in Johnson City, NY: 10,125 SF CVS Pharmacy built in 1998 on over 1 ac lot adjacent to UHS Wilson Medical Center. 20-yrs NNN corp lease with 4-yrs left. NOI $229K/yr. $3.529M. 6.50% cap.
  • Office Building in Sandy Springs, GA: 26,550 SF Class-B multitenant office building on 2 ac lot in growing and upper middle class (AHI $85K/yr in 3 miles) Atlanta metro. 86% leased to five tenants. Actual NOI $211K/yr. $2.352M. 9% actual cap. Upside potential.
  • Office Building in Livingston, NJ: 24,000 SF Class-B multitenant office building on .81 ac lot in affluent New York suburbs with an AHI of $109K/yr in 1 mile ring. Good tenant mix: accountants, lawyers and medical practices NOI $165K/yr. $2.3M. 7.20% cap.
  • Kroger in Henderson, TN: 58,890 SF well performing Kroger grocery with fuel station on 5.26 ac lot in a growing and high income Nashville suburbs. Tenant has been at this location for over 30-yrs. Tenant pays very low rent. 100% absolute NNN corp lease with 7-yrs left. NOI $309K/yr. $4.718M. 6.55% cap.
  • Neighborhood Center in Newark, CA: 128,548 SF shopping center anchored by 51m158 SF FoodMax in high income (AHI $97K/yr) San Francisco Bay Area. Close to Newpark Mall and I-880. 96% NNN leased. NOI $1.668M/yr. $30M. 5.56% cap.
  • Best Buy in Auburn Hills, MI: 45,520 SF retail building on 4.47 ac lot in growing and affluent (AHI $105K/yr) Detroit suburbs. Next to Costco and across from Great Lakes Crossing Outlets and I-75. 100% NNN lease with 6-yrs left. NOI $662K/yr with a 3% rent bump in Oct 2015. $7.565M. 8.75% cap.
  • Office Building in Santa Rosa, CA: 7200 SF well maintained office building in growing Sonoma County with easy access to Hwy-101. Between Kaiser Permanente and Coddingtown Mall. 100% leased to multiple tenants. NOI $76K/yr. $1.25M. 6.10% cap.
  • Midas Auto Service in Santa Clarita, CA: 3875 SF auto center built tin 1996 on .68 ac outparcel to Stater Bros Supermarket center in Los Angeles suburbs. Across from Costco.  100% NNN lease with 3-yrs left. NOI $116K/yr. $2.225M. 5.25% cap.

02-06: Burger King, HHGregg, Urgent Care, Church’s Chicken, Strip mall

/by
  • Shopping Center in Farmington, NM: 19,720 SF shopping center on 1.92 ac lot on a primary retail artery.  High income area. Shadow anchored by Ashley Furniture, adjacent to Target, Lowes, Walmart and near Animas Valley Mall.  100% NNN leased.  Tenants include Olive Garden, Edward Jones, Redbrick Pizza.  NOI $396K/yr. $4.716M. 8.46% cap. Note: flyer not attached, full brochure available.
  •       Shopping Center in Friendswood, TX: 33,379 SF shopping center built in 1996 &2004 on 2.4 acres lot in affluent Houston suburbs with AHI of $146K/yr in 1 mile.  Shadow anchored by HEB grocery. 100% NNN leased.  Major tenants include University of Texas Medical Branch, University General Hospital, Friendswood Fitness. NOI $335K/yr.  $3.995M. 8.38% cap.
  •       Retail/Office Center in Clermont, FL: 41,902 SF 2-story retail/office center completed in 2006 on 4.3 ac lot on a busy artery in Orlando metro.  Leased to medical retail tenants.  NOI $631K/yr. $7.65M. 8.25% cap.
  •       Burger King in Phoenix, AZ: 3500 SF restaurant on .8 ac lot.  100% NNN leased with 3 yrs left.  NOI $95K/yr. $1.46M. 6.5% cap.
  •       HHGregg Electronic in Chesapeake, VA: 25,150 SF single tenant retail center built in 2010 on 2.1 ac lot.  Adjacent to Kohl’ s, Walmart Supercenter and Sam’s Club.  100 NNN- leased with 11 years left to HHGregg, a regional electronic and appliances store. NOI $401K/yr. $5.244M. 7.65% cap.
  •       Urgent Care Center in North Charleston, SC: 8527 SF urgent care center built in 1992 on .42 ac lot.  100% NNN leased till 2022 to Concentra Health Services, Inc., a subsidiary of Humana (NYSE: HUM) with 330 medical centers in 30 states.  NOI $226K/yr with 2% annual rent bumps. $3.5M. 6.5% cap.
  •       Strip Mall in Sacramento, CA: 10,800 SF well-maintained 8-unit strip center on .77 ac lot.  95% leased.  NOI $78K/yr. $1.3M. 6% cap.
  •       Church’s Chicken in Norman, OK:  2172 SF restaurant on .59 ac lot.  New 20 yrs NNN lease. NOI $82K/yr. with 1.25% annual rent bumps from year 6. $1.146M. 7.15% cap.

02-05: O’Reilly, Ross Dress For Less, Office Depot, Shopko, Pick n Save Supermarket

/by
  1. MOB in Aurora, CO: 12,365 SF attractive multitenant medical office building on .67 ac outparcel to1,081,000 SF Town Center at Aurora. Across from Walmart, Sam’s Club and with easy access to I-225. Close to Aurora Regional Medical Center. 70% leased. Actual NOI $105K/yr. $1.5M. 7% actual cap. Upside potential when fully leased.
  2. Strip Center in Fairfield, CA: 6240 SF strip center built in 2011 on .74 ac lot in a growing and affluent (AHI 108K/yr) Solano County between Sacramento and San Francisco. With easy access to I-80. 100% NNN leased to four medical/retail tenants. NOI $138K/yr. $2.5M. 5.52% cap.
  3. O’Reilly Auto Parts in Sacramento, CA: 5,400 SF well maintained O’Reilly Auto Parts at a major artery. Adjacent to 99 Cents Store & DD Discount Center. 100% NNN lease with 4-yrs left. NOI $104K/yr. $1.74M. 6% cap.
  4. Ross and Office Depot in Pensacola, FL: 49,768 SF attractive retail building constructed in 2007 on over 9 ac lot in a growing area. Adjacent to Lowe’s and across from Home Depot and Walmart Supercenter. 100% leased to two national  tenants. NOI $379K/yr. $5.427M. 7% cap.
  5. Strip Center in Pinellas Park, FL: 6573 SF eye-catching strip center on nearly 1 ac lot along major retail artery in growing St Petersburg suburbs. Across from Sam’s Club and near St. Petersburg College Campus. 100% NNN leased to Leslie’s Pools, Little Caesars, Max Fit and Luxury Nails. NOI $140K/yr. $2M. 7% cap.
  6. Apartments in Mesa, AZ: 16-units well maintained apartment complex in Phoenix suburbs. Across from Ellsworth Park 100% occupied. NOI $84K/yr. $1.099M. 7.72% cap.
  7. Shopko in Madison, WI: 99,101 SF Shopko Department Store renovated in 2004 on nearly 10 ac outparcel to 915,307 SF West Towne Mall. Close to Hwy-14. 100% NNN lease with 15-yrs left. NOI $780K/yr with rent bumps. $11.555M. 6.75% cap.
  8. Shopping Center in Las Vegas, NV: 50,307 SF well maintained shopping center on 3.85 ac lot at a signalized corner location. All units face main artery. Close to The Strip and I-15. 91% leased. Actual NOI $569K/yr. $7.8M. 7.30% cap.
  9. Pick n Save in Glendale, WI: 61,910 SF Pick n Save Supermarket renovated in 2003 on 8.45 ac lot. 20-yrs NNN- corp lease with 15-yrs let to a regional operator with 156 stores. NOI $897K/yr. $13.3M. 6.75% cap.

02-04: Lumber Liquidators, Rite Aid, MOB Portfolio, Petco, Retail Building

/by
  1. Retail Building in Arlington, TX: 6030 SF attractive retail building constructed in 2007 on 1.22 ac lot in a fast growing and upper middle class area. Across from Tarrant County College, with over 10,000 students. 100% NNN lease to Nebraska Bookstore and Orchid City Fusion Café. NOI $110K/yr. $1.288M. 8.59% cap.
  2. Lumber Liquidators in Rock Hill, SC: 6400 SF attractive single tenant retail building on 1.38 ac lot at a signalized corner location in Charlotte suburbs. Outparcel to shopping center anchored by Compare Foods Supermarket, Dollar General and Planet Fitness. New 7-yrs NNN corp lease. NOI $88K/yr with a rent bump in year 6. $1.215M. 7.24% cap.
  3. MOB in Lake Mary, FL: 4634 SF Class-A single tenant medical office building in growing and high income (AHI $93K/yr) Orlando suburbs. 100% NNN lease with 4-yrs left to Lake Mary Surgical Center, the second-largest and fastest-growing independent operator in the nation. 8% cap. Price Not Disclosed.
  4. Rite Aid in Hendersonville, NC: 10,908 SF double drive-thru pharmacy built in 1997 on 1.51 ac lot at a 3-way signalized intersection. Close to 138-bed Margaret R. Pardee Memorial Hospital. 100% absolute NNN lease with 3-yrs left. NOI $284K/yr. $3.352M. 8.50% cap.
  5. MOB in Prescott, AZ: 6244 SF Class-A single tenant medical office building on .70 ac lot in a fast growing middle-class area. Seller to lease back at close of escrow.. 100% leased. NOI $92K/yr. $1.25M. 7.40% cap.
  6. Petco in Vernon Hills, IL: 22,000 SF retail building part on a major shopping center with Walmart, Toys R Us and OfficeMax in affluent (AHI $120K/yr in 5 mile ring) Chicago metro. Across from Westfield Hawthorn Mall. 100% NNN lease with 3-yrs left. NOI $483K/yr. 5.95M. 8.13% cap.
  7. Mixed-use in Delray Beach, FL: 46,623 SF retail/office center on 4.54 ac lot in Coral Springs suburbs. 7% cap. Price Not Disclosed.
  8. MOB Portfolio: 33,472 SF of properties consisting of four well maintained medical buildings two in FL, one in OH and one in MI.100% NNN leased with 5-yrs left. NOI $720K/yr. $9M. 8% cap.

02-03: Medical Condominiums, Walgreens, Rite Aid, Retail Centers

/by
  • Retail Center in Salinas, CA: 11,312 SF attractive retail center built in 1991 on .88 ac corner lot with easy access to Hwy-101. 100% leased to One Stop Auto, Wheel World, TKO Sound Wireless, S&H Taxes and Nu Delta Ins & Financial. NOI $113K/yr. $1.57M. 7.25% cap.
  • Shopping Center in Rosenberg, TX: 22,190 SF eye-catching shopping center constructed in 2006 on over 2 ac lot at a signalized corner location in fast growing Houston metro. Close to Brazos Town Center  and I-69.  81% NNN leased. 7.14% cap. Price Not Disclosed.
  • Neighborhood Center in Delray Beach, FL: 68,292 SF well maintained shopping center on over 7 ac lot at a major signalized intersection in growing area just North of Fort Lauderdale. 97% leased. Actual NOI $815K/yr. $10.5M. 7.75% actual cap.
  • MOB’s in Lancaster, CA: 18,997 SF Class-B consisting of 16-individual medical office condominiums completed in 2009 adjacent to Antelope Valley Hospital in growing Southern California. 100% NNN lease with long-term tenants. NOI $311K/yr. $4.65M. 6.69% cap.
  • Shopping Center in Atlanta, GA: 190,167 SF well-kept shopping center on 20.56 ac of land with Bufford Highway frontage. Anchored by 85,537 SF Burlington Coat Factory. Close to I-285. 100% leased. NOI $1.622M/yr. $20.275M. 8% cap. Buyer to assume $11.8M loan at 4.66% interest due in 2025.
  • Walgreens in Fort Worth, TX: 15,120 SF Walgreen’s 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.
  • Retail Center in Modesto, CA: 14,700 SF 5-units attractive retail center built in 2006 on 1 ac lot in growing upper middle class area. 100% NNN leased. NOI $168K/yr. $2.4M. 7% cap.
  • Shopping Center in Oak Creek, WI: 73,763 SF attractive shopping center constructed in 2005 on over 11 ac lot anchored by a 62,563 SF Pick ‘n Save Grocery in growing and high income (AHI $87K/yr) Milwaukee suburbs. With easy access to I-94. 100% leased. 7% cap. Price Not Disclosed.
  • Shopping Center in Las Vegas, NV: 53,000 SF shopping center along major retail corridor in growing (39% pop growth since 2000) and upper middle class (AHI $73K/yr in 3 miles) area. All units face main road. NOI $1.44M/yr. $12M. 12% cap (Note: Transmercial is a bit cautious      about this figure).
  • Rite Aid in San Diego, CA: 17,500 SF Rite Aid Pharmacy on 1.38 ac lot in a densely populated area. Adjacent to Big Lots, dd’s Discount, Family Dollar and San Diego Marketplace. Recently extended NNN lease with 5-yrs left. NOI $99K/yr. $1.695M. 5.88% cap.

02-02: Dollar General, Toys R Us, Babies R Us, MOB, Golden Corral, Retail Centers

/by
  • Dollar General Market in Bakersfield, CA: 18,827 SF well maintained single-tenant free-standing retail building on over 2 ac lot at a signalized corner location. Close to Bakersfield Memorial Hospital. 15-yrs NNN lease to Dollar General with 14-yrs left. NOI $326K/yr with a 10% rent bump in 2023. $4.692M. 7% cap. Buyer to assume $2.979M loan at 5% interest rate.
  • Retail Center in Patchogue, NY: 10,000 SF attractive retail center in high income (AHI $87K/yr in 3 mile radius) coastal town in Long Island.  Anchored by Bravo Supermarkets. 100% NNN leased. NOI $180K/yr. $2.5M. 7.2% cap.
  • Neighborhood Center in Norcross, GA: 105,400 SF shopping center on 9.86 ac lot in growing Atlanta suburbs.  Anchored by Food Depot, a regional grocery store. 100% NNN leased to regional and national tenants. NOI $765K/yr. $7.5M. 10.20% cap.
  • Toys R Us & Babies R Us in Royal Palm Beach, FL: 58,341 SF big box retail building constructed in 2013 on over 5 ac outparcel to 400,000 SF Power Center in growing )533% pop growth since 2000) and high income (AHI $105K/yr) Palm Beach suburbs. Close to 1,300,000 SF The Mall at Wellington Green and Wellington Regional Medical Center. 100% NNN leased. NOI $962K/yr. $13.75M. 7% cap.
  • MOB in Baldwin, NY: 6300 SF multitenant medical office building on .61 ac lot in high income New York suburbs with an AHI of $110K/yr in 1 mile ring. $1.15M. NOI N/A.
  • MOB in Oceanside, NY: 9400 SF well kept medical office building in densely populated and high income (AHI $103K/yr) New York suburbs. Tenants include: Podiatry, Endodontics, General Dentistry, Ophthalmology and Internist. 72% NNN leased. $1.5M. NOI N/A.
  • Shopping Center in Lombard, IL: 125,378 SF attractive shopping center along major retail artery in high income Chicago suburbs.  Anchored by Hobby Lobby, Dollar General, Harbor Freight Tools, and XSport Fitness. 100% leased. NOI $1.2M/yr. $16M. 7.50% cap.
  • Shopping Center in Pembroke Pines, FL: 77,705 SF well maintained shopping center on 8 ac lot along major retail corridor. Near Pembroke Lakes Mall and Memorial Hospital West. 94% leased. Pro forma NOI $1.32M/yr. $17.25M. 7.65% pro forma cap.
  • Golden Corral in Indianapolis, IN: 10,003 SF Golden Corral buffet restaurant built in 1999 on 1.92 ac outparcel to Washington Square Mall.  100% NNN lease with 14-yrs left to a strong franchisee with 13 units.  NOI $185K/yr with 10% rent bumps every 5 yrs. Store with strong sales of over $2.32M/year. $2.56M. 7.25% cap.
  • MOB in Fort Mill, SC: 13,288 SF Class-A multitenant office building constructed in 2000 on 1.21 ac lot in a fast growing (686%) and affluent (AHI $127K/yr) Charlotte metro. 100% leased to Rock Hill GYN-OB, Piedmont Medical Center, Chit Chat Speech-Language Therapy, William Nunn & Co. and LSU Bayview Recovery. $2.1M. NOI N/A.

1-30: Best Buy, Childtime, KFC, CVS, Rite Aid, shopping centers

/by
  1. Best Buy in Duluth, GA: 50,484 SF free-standing retail building completed in 1994 on 5.6 ac lot at a great location right next to I-85 with 225,000 Vehicles/day in Atlanta metro.  100% NNN lease with 5 yrs left.  Tenant has been here since 1994. NOI $410K/yr (just $9/SF) with rent bumps every 5 yrs.  $5.655M. 7.25% cap.
  2. Shopping Center in San Antonio, TX: 50,014 SF shopping center built in 2005 on 4.74 ac lot as part of a larger retail complex in affluent Northern San Antonio with AHI $138/yr in 1 mile.94% NNN leased to 13 tenants with 2 small vacant units.  Pro forma NOI $819K/yr. $10.24M. 8% pro forma cap.
  3. Neighborhood Center in Beaumont, TX: 80,491 SF neighborhood center built in 1996 on over 8 acres lot across from Parkdale Mall.  Next to Eastex Fwy exit.  Anchored by Stein Mart.  100% NNN leased.  NOI $1.094M. $13.5M. 8.11% cap.
  4. Retail Center in Carrolton, TX: 12,995 SF retail center built in 2001 on 1.45 ac corner outparcel to Kohls and across from Walmart in affluent Dallas suburbs. 100% NNN leased to Subway, Pizza Hut, GameStop and others.  NOI $311K/yr. $4.293M. 7.25% cap.
  5. Shopping Center in Fort Worth, TX: 20,340 SF shopping center built in 2005 on 4.4 ac corner lot across from Walmart with strong demographics (AHI $90K/yr in 1 mile).  100% NNN leased to Game Stop, The UPS Store, Subway and others.  NOI $434K/yr.  $6.1M. 7.12% cap.
  6. Childtime Learning Center in Tucson, AZ: 6381 SF daycare center on .76 ac outparcel to 156,000 SF community center.  100% NNN leased with 5 yrs left.  NOI 96K/yr.  $1.2M. 8% cap.
  7. KFC in Birmingham, AL: 2288 SF KFC restaurant on .45 ac lot right next to I-20 exit.  20 yrs absolute NNN lease to an operator with 25 units.  NOI $90K/yr with 10% rent bumps in 2021 and 2% annually afterward. $1,396M. 6.5% cap.
  8. CVS Pharmacy in Yuma, AZ: 15,251 SF drug store on 2.51 ac lot.  100% leased with 6 yrs left.  NOI $325K/yr. $4.462M. 7.3% cap.
  9. Rite Aid in Decatur, GA: 10,800 SF drug store built in 1997 on a hard corner lot in middle class Atlanta metro.  100% leased with 4 yrs left.  NOI $242K.  $2.618M.  9.25% cap.