AHI: Avg. Household Income. National average is about $50+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. Used by Transmercial only.
- Retail Center in Lawrenceville, GA: 13,065 SF bank-owned retail center on 1.40 ac lot with excellent tenant visibility alongside busy highway in high income Atlanta metro (AHI $114K/yr in 1 mile). 87% NNN leased 6 tenants with 2 small vacant units. NOI $132K/yr. $1.2M. 11% Cap.
- Strip Center in Fort Lauderdale, FL: 13,018 SF well-maintained strip center on 2.30 ac lot at high traffic location close to I-95. 90% leased. NOI $90K/yr. $1.301M. 7% Cap.
- Retail Center in Lauderdale Lakes, FL: 17,916 SF mature retail center at a highly visible location. 100% leased to 8 established tenants. NOI $187K/yr. $2.239M. 8.4% Cap.
- Two-Tenant Retail Building in Indianapolis, IN: 8325 SF 4-year old retail building near Greenwood Park Mall. 100% NNN leased to Flagstar Bank and Family Christian Store. $2.450M.
- Advance Auto Parts in Arnold, MO: 7000 SF free-standing auto parts store built in 2000 along busy blvd near I-55 in Saint Louis metro. Recently exercised 1st renewal option. 100% NNN- Corporate lease with 6 yrs remaining. NOI $99K/yr. $1.212M. 8.25% Cap.
- Medical Building in San Jose, CA: 10,000 SF Class-B multi-tenant medical building near Santana Row, Valley Fair Mall and Hwy-280/880/17. 91% leased. NOI and price not avail.
- Arby’s in Chattanooga, TN: 2511 SF restaurant on .57 ac lot outparcel to Food Lion, Big Lots and Fred’s anchored-center. New 20-year NNN lease to an operator with 70 stores. NOI $59K/yr with 7.5% rent increases every 5 years. Only $721K. 8.25% Cap.
- Retail Center in Apple Valley, CA: 16,435 SF newly constructed retail center on 1.84 ac lot outparcel to The Home Depot. 83% NNN leased. NOI $395K/yr. $4.2M. 9.42% Cap.
- CVS in Levittown, PA:10,125 SF drug-store built in 2000 on 1.5 acres lot in middle class Philadelphia metro. 100% NNN- till 2028. High volume location. NOI $312K/yr. $4.433. 7.05% cap.
- Office Building in Anaheim, CA:13,500 SF office building on .82 acre lot on a busty artery in densely-populated middle class city in Orange county. 90% occupied. NOI $124K/yr. $1.75M. 7.1% cap.
© Transmercial 2011.
AHI: Avg. Household Income. National average is about $50+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. Used by Transmercial only.
- Lowe’s Distribution Center in White House, TN: 252,000 SF recently expanded distribution center (for 226 Lowes stores) on 37.67 acres of land next to I-65 & about 25 miles North of Nashville. 100% NNN- corporate lease to Lowes (S&P rating of A+). NOI $609K/yr. $8.750M. 8.15% Cap.
- Walgreen’s in McFarland, WI: 14,550 SF retail building constructed in 2007 on 1.34 ac lot across from Pick ‘n Save along busy road (20,800 VPD) in Madison metro. Absolute NNN corporate lease till 2032. NOI $284K/yr. $4.116M. 6.9% Cap. Buyer to assume $3.370M non-recourse loan at low 5.93% interest due in 2017.
- Shopping Center in Pensacola, FL: 49,768 SF 4-yrs old shopping center on 9.20 acres of land across from The Home Depot/Wal-Mart. 95% NNN leased to 3 national tenants: Office Depot, Ross and Chilis (Chili’s Restaurant is on Ground Lease). NOI $434K/yr. $5.830M. 7.45% Cap.
- Retail Center in Apple Valley, CA: 6417 SF retail center built in 2007 outparcel to The Home Depot across from Lowe’s and Stater Bros. 86% NNN leased to great tenant mix: Taco Bell, Hertz, US Army and Jewelry Store. NOI $224K/yr. $2.150M. 10.42% Cap.
- Advance Auto Parts in Poinciana, FL: 7292 SF single-tenant retail building on a pad site to Wal-Mart in growing middle-class neighborhood. Long NNN corporate lease. Store with strong sales of over $2M.NOI $95K/yr with 10% rent increase in 2014. $1.325M. 7.22% Cap.
- El Pollo Loco in Atlanta, GA: 3210 SF free-standing restaurant built in 2007 on .75 ac lot along busy highway. Long absolute NNN ground lease (landlord owns land). NOI $86K/yr. $1.232M. 7% Cap.
- Shopping Center in Sugar Land, TX: 96,623 SF shopping center on 10.7 acres parcel at a signalized intersection on Hwy-6 in affluent Houston metro. Anchored by Kroger supermarket. NOI $696K/yr. $9.487M. 7.35% Cap.
- El Torito in Fresno, CA:7790 SF restaurant on .95 ac lot close to Community Regional Medical Center minutes from Amtrak, City Hall and Courthouse. Absolute NNN corporate lease till 2018. NOI $126K/yr. $2.1M. 6% Cap.
© Transmercial 2011.
- Shopping Center in Wake Forest, NC: 21,860 SF upscale retail center built in 2005 on 2.36 acres lot in Raleigh suburbs. 95% NNN leased with1 small vacant unit. NOI $341K/yr. $3.9M. 8.75% cap.
- Shopping Center in Allen, TX: 14,743 SF 8-unit retail center built in 1996 on 1.7 acres lot across from Target and Home Depot in affluent Dallas suburbs (AHI $119K/yr). 82% NNN leased with 2 vacant units. Current NOI $222K/yr. $2.5M. 8.89% cap. Upside potential when 100% leased.
- Strip Mall in Indianapolis, IN: 9076 SF strip mall built in 2010 on a .97 acre outparcel to Washington Square Shopping center in fat growing middle class area. 100% NNN leased to 3 brand name tenants: the Vitamin Shoppe, Jimmy John’s Gourmet sandwiches, and Aspen Dental. NOI $235K/yr. $2.858M. 8.25% cap.
- Retail Center in Mason, OH: 8878 Sf retail center built in 2006 on 1.73 acres lot in fast growing upper-middle class Cincinnati suburbs. Shadow anchored by Walmart. 100% NNN leased to 4 good tenants: Starbucks, FedEx, Mattress Firm, Verizon. NOI $219K/yr. $2.5M. 8.77% cap.
- Retail center in Texas City, TX:6861 SF retail center on ¾ acres corner parcel in Houston metro. Renovated in 2010. 100% NNN leased to 3 tenants: H&R Block, Verizon, and Schlotzskys Deli. NOI $129K/yr. $1.528M. 8.5% cap.
- Tuffy Auto in Omaha, NE:3900 SF auto center built in 2007 on an outparcel to a Super Target in affluent area with AHI over $102K/yr in 1 mile ring. New 20 yrs absolute NNN corp lease to Tuffy Auto with 220 locations in 20 states. NOI $11K/yr. with 7.3% rent bump in 2013. $1.369M. 8.15% cap.
- Shopping Center in Glen Allen, VA:9763 SF shopping center built in 2002 on 1.3 acres outparcel to a 266,000 SF power center in growing Richmond metro with AHI of $75K/yr. Close to I-295. 100% NNN leased to Starbucks, Papa John' s Pizza (NASDAQ PZZA), Quizno's Subs, T-Mobile, Atlantic Tanning, and GameStop. NOI $312K/yr. $4M. 7.8% cap.
- Shopping Center in Madison, WI:18,195 Sf attractive shopping center built in 2008 in growing upper middle class area. Shadow anchored by Super Target. 100% NNN leased. NOI $456K/yr. $4.9M. 9.32% cap.
- Burger King in Oklahoma, OK:3000 SF restaurant on .69 ac lot next to I-240. New 20 yrs absolute NNN lease to a 30-yrs veteran franchisee. NOI $97K/yr. with 1.75% annual rent bump. $1.256M. 7.75% cap.
- Fresenius Dialysis in Salem, OR:5916 SF dialysis center built in 2010 on .98 ac lot in a growing middle class area. 100% NNN leased till 2020. NOI $233K/yr. $2.915M. 8% cap.
© Transmercial 2011.
- Napa Auto Parts in Lakewood, CO: 22,166 SF auto parts store renovated in 2008 in densely populated and middle-class Denver area. NNN- corp lease till 2021. NOI $135K/yr with 10% rent bumps every 5-years. $1.862M. 7.25% Cap.
- Walgreen’s in Colorado Springs, CO: 15,120 SF drug store built in 2000 at a signalized intersection. Well performing store currently paying low rent. 100% NNN- corporate lease till 2020. NOI $423K/yr. $5.464M. 7.75% Cap.
- Burger King in Colorado Springs, CO: 3267 SF fast-food restaurant across from Chapell Hill Mall near I-25 in affluent area. Absolute NNN lease with 8-yrs remaining on lease. Guaranteed by one of the largest franchisees in CO. NOI $92K/yr with 5% rent increase in 2014. $1.157M. 8% Cap.
- Retail Center in Irving, TX: 11,200 SF retail center on over 1 ac lot at prime retail location close to I-635/Hwy-14. 74% leased. NOI $133K/yr. $1.650M. 8.10% Actual Cap. Upside Potential.
- Strip Center in Wauconda, IL: 10,000 SF strip center built in 2007 in growing well-off (AHI $111K/yr) Chicago metro. 100% leased by 4-tenants. NOI $202K/yr. $2.250M. 9% Cap.
- Shopping Center in Glendale, AZ: 91,563 SF well-maintained shopping center on 7.18 acres lot at a busy signalized intersection. Anchored by Big Lots. 93% leased. NOI $769K/yr. $8.995M. 8.52% Cap. Upside potential when fully occupied.
- Office Building in American Folk, UT: 11,736 SF attractive 4-year old multi-tenant office building in fast growing middle-class South of Salt Lake City suburbs. 100% NNN leased. NOI $105K/yr. $1.2M. 8% Cap.
- Shopping Center in Shakopee, MN: 51,863 SF shopping center on 5.94 acres parcel. Anchored by Goodwill and Dollar General with easy access to Hwy-169 in Minneapolis suburbs. 88% NNN leased. NOI $348K/yr. $4.250M. 8.20% Cap.
- Strip Center in Austin, TX: 14,717 SF brick/stone strip center built in 2004 on 2.48 ac lot just off of Hwy-183. 82% leased. NOI $272K/yr. $3.150M. 8.70% Pro Forma Cap.
- Community Center in Conroe, TX:112,169 SF center with excellent visibility minutes from I-45 in Houston metro. 89% leased. NOI $642K/yr. $7.140M. 9% Cap.
© Transmercial 2011.
- Fresenius Medical in Greensboro, NC: 15,105 SF build to suit dialysis center built in 2000 on 3 acres lot. 100% NNN- lease. Tenant just renew lease till 2021. NOI $285K/yr with CPI annual rent bump not less than 2.5%. $3.529M. 8% cap.
- Strip Center in Crystal Lake, IL: 10,313 SF strip center built in 2007 on 1.33 acres lot in Chicago suburbs. Shadow anchored by Walmart. 100% leased to all brand name tenants: Starbucks, Verizon, Sally Beauty, Great Clips, Cash Store, & GameStop. NOI $336K/yr. $3.995M. 8.43% cap.
- Shopping Center in Glendale Heights, IL: 89,631 SF mature shopping center on 11 acres lot in upper middle class Chicago metro (AHI over 87K/yr in 3 miles). Anchored by Dollar Tree, Fresenius, Anytime Fitness, and Tricoci University. NOI $758K/yr. $9.14M. 8.3% cap.
- Shopping Center in Coral Springs, FL: 26,243 SF well-maintained shopping center built in 1993 in Fort Lauderdale metro. 95% occupied by 16 tenants with just 1 small vacant unit. NOI $271K/yr. $3.176M. 8.56% cap.
- Apartments in Tucson, AZ:60-unit apartments built in 1994 in stable area. NOI $129K/yr. Priced for quick sale at $1.5M. 8.6% cap.
- Rite Aid in Virginia Beach, VA:10,908 SF drug store built in 2000 on 1.62 acres lot near I-264 exit. 100% NNN lease with 9 yrs remaining. NOI $368K/yr. $3.95M. 9.34% cap. Buyer to assume $2.94M loan at low 5.5% interest.
- Shopping Center in Layton, UT: 45,837 SF shopping center on 3.4 acres corner lot in high income Salt Lake City metro. NOI $517K/yr. $5.9M. 8.7% cap.
- Retail Condo in Hayward, CA:3000 SF retail condo as part of a shopping center in front of Target near I-880 exit in high income area (AHI $91K/yr). 100% NNN corp lease to T-Mobile till 2016. NOI $108K/yr. $1.44M. 7.5% cap.
© Transmercial 2011.
- Shopping Center in Baytown, TX: 30,600 SF shopping center built in 2007 on 4.86 acres lot in Houston suburbs. Anchored by Dollar Tree and surrounded by National retailers such as Lowes, Wal-mart, Home Depot, Hobby Lobby. 93% NNN leased. NOI $450K/yr. $5.3M. 8.5% cap.
- La Petite Academy in Lancaster,
CA: 6635 SF childcare center built in 1986 on 1.06 ac parcel in Los
Angeles. 100% leased to La Petite Academy, a national childcare provider.
- Jack in the Box in El Sobrante, CA: 2418 SF restaurant .4 ac lot in San Fran Bay Area. 100% absolute NNN leased till 2022. NOI $86K/yr with CPI-based rent bump not to exceed 8% every 5 yrs. $1.389M. 6.25% cap.
- Apartments in Stone Mountain, GA:144-unit REO apartments on 14 acres lot across from Wade Walker county park in middle class Atlanta metro.93% occupied. NOI $396K/yr. $4.3M. 9.21% cap.
- Shopping Center in Fort Worth, TX:28,344 SF shopping center built in 2005 on 4.74 acres lot next to Walmart. 90% NNN leased 9 tenants with 1 avail unit. NOI $444K/yr. $5.3M. 8.38% cap.
- Wedding Facilities in Denver, CO:2 special purpose buildings designed for wedding receptions, private parties with combined 16,016 SF. 15 yrs absolute NNN lease to Crystal Rose with 5 locations in Denver. NOI $285K/yr with 2% annual rent bump. $3.2M. 8.91% cap. This is a sale and lease back.
- Shopping Center in Aurora, CO:34,463 SF mature shopping center on 3.9 acres lot in Denver metro. 100% NNN leased to 21 tenants. NOI $388K/yr with low average base rent less than $1/SF/month (this means tenants are likely to stay and upside potential). $4.89M. 8.32% cap.
- PNC Bank in Milwaukee, WI:1800 SF newly renovated PNC Bank (A+ S&P rating and $17B in revenue) building on .38 ac corner lot in front of Aldi grocery and across from Walmart, Big Lots! and Office Depot. 10 yrs NNN- lease. NOI $113K/yr. $1.607M. 7% cap.
© Transmercial 2011.
- Walgreens in Mesa, AZ:15,525 SF drug store built in 1995 on 1.5 acres corner lot. 100% NNN- leased till 2015. NOI $242K/yr. Store with sales revenue of 5+M/yr (low rent to income of 4.8% which means tenant is expected to renew lease). $2.849M. 8.5% cap.
- Shopping Center in North Ogden, UT: 59,000 SF shopping center built in 1997 on 4.67 acres corner lot in high income Salt Lake City metro (AHI $82K/yr in 1 mile). Anchored by 45,000 SF Lee’s Marketplace, a regional grocery store affiliated with Associated Foods. 100% NNN leased to 11 tenants. NOI $689K/yr. $8.62M. 8% cap. Buyer to assume $5.78M loan at low 5.6% interest.
- Shopping Center in Pomona, CA: 58,485 SF 8-unit shopping center built in 2009 on 4.25 acres corner lot in densely-populated Los Angeles county with over 450K residents in 5 miles radius. Anchored by El Super grocerywith 36 stores in CA, NV, and AZ. NOI $1.057M. $15.1M. 7% cap.
- Strip mall in Cedar Hill, TX: 8174 SF 2-yrs old attractive strip mall on 2.4 acres lot across from Wal-mart supercenter in fast growing prosperous Dallas suburb. 87% NNN leased to 3 tenants with 2 main tenants in stable healthcare field. NOI $157K/yr. $1.85M. 8.5% cap.
- CVS Pharmacy in Dallas, TX: 12,973 SF CVS built in 2001 on 1.71 acres corner lot at a major intersection and easy access to I-35E. 100% NNN leased to 2021. NOI $467K/yr. with 5% bump in each of the six 5-yr options. Store with very strong sales of $15M (sales to revenue ratio of 3.1%, highly profitable location). $6M. Buyer to assume $4.4M loan at low 5.43% interest.
- Shopping Center in Tyron, GA: 21,600 SF Bank-owned shopping center in fast growing and affluent Atlanta suburbs. NOI N/A and occupancy expected to be low. Just $820K.
- Retail Center in Fredericksburg, VA: 14,800 SF multi-tenant retail center on 1.55 acres lot in growing high-income town 30 minutes from Washington DC. 100% occupied. NOI $315K/yr. $4.5M. 7% cap.
- Shopping Plaza in Saint Louis, MO: 105,651 SF shopping center built in 1987 on 9.19 acres lot right off I-55 exit and next to South County Center mall. Anchored by Marshalls and JC Penney that have been here since 1988 and 1993, respectively. 100% leased. While the property is unpriced, the listing broker expects 8.5% cap and $8+M. Buyer to assume $6M non-recourse loan.
- Strip Center in South Lake Tahoe, CA: 4812 SF strip center in affluent ski resort town (AHI $102K/yr) on 1/3 ac lot. 75% leased. Pro forma NOI $88K/yr. $985K. 9% cap.
- Shopping Center in Glendale, AZ: 85,789 SF shopping center next to Loop 101 on ramp in affluent (AHI $118K/yr in 1 mile) Phoenix metro. Anchored by 99 Cent Only Store, and Ace hardware.85% leased. NOI $861K/yr. Unpriced but cap rate is expected to be around 8%.
© Transmercial 2011.
1. Strip mall in Indianapolis, IN: 5936 SF retail center built in 2007 on .86 ac lot at a hard corner. Shadow anchored by Walgreens. 100% NNN leased to 4 tenants: Starbucks, Verizon, Subway and Credit counselor. NOI $157K/yr. $1.907M. 8.25% cap.
2. Retail center in Arlington, TX: 10,335 SF retail center on 1 ac lot. 66% NNN leased. Current NOI $86K/yr. $1.19M. 7.36% cap. Upside potential when 100% leased.
3. Shopping Plaza in Streamwood, IL: 20,604 SF shopping plaza built in 2000 on 2.33 acres corner in affluent (AHI of $103K/yr in 1 mile) Chicago suburbs. 84% NNN leased to 10 tenants with 3 small vacant unit. Current NOI $230K/yr. $3.1M. 8.34% cap. Upside potential when 100% leased.
4. Office Tower in Hurst, TX:126,152 SF 6-story office building on 5.5 acres lot with frontage on Hwy 183/121 in Dallas metro. Anchored by Liberty Bank (spent $1M on build out), University of Phoenix, and United Auto Credit. 75% occupied. Current NOI $1.06M. $11.3M. 9.4% cap. Seller to provide 70% LTV financing at 5.5% interest. Upside potential when 100% leased.
5. Shopping Center in Folsom, CA:25,396 SF upscale shopping center built in 2005 on 3.29 acres lot near Target, Lowe’s, Trader Joes, Ralley’s, Orchard Supplies, Office Depot, Save mart, CVS in growing and affluent (AHI $107K/yr in 1 mile) Sacramento suburbs. 94% NNN leased to 13 tenants with 1 avail unit. NOI $684K/yr. Price reduced to $8.5M. 8.06% cap. Buyer to assume $6.9M loan at 6.11% interest.
6. Office / Industrial Building in Charlotte, NC: 61,880 SF single-tenant office/industrial building on 3.87 acres lot. 100% NNN- extension to Sterigenics International,the world's leading provider of Contract Sterilization Services for the Medical Device and Pharmaceutical Industries with 40 services center worldwide. Tenant has been here since 1994 and just extended lease for 10 more years. NOI $309K/yr with annual rent bump. $3.569M. 8.86% cap.
7. Strip Mall in North Babylon, NY: 9800 SF 8-unit strip mall on a major artery in high income New York suburbs. Adjacent to Landmark Stables Nursery. 100% NNN leased. NOI $350K/yr. $4.9M. 7.2% cap.
8. Walgreens in Fort Worth, TX: 13,833 SF Walgreens built in 1997 on 1.3 acres lot at hard corner intersection. 100% NNN- lease with 7 yrs remaining. NOI $295K/yr. $3.168M. 9.31% cap.
© Transmercial 2011.
- Medical Office Building in Desoto, TX: 4685 SF single-tenant 5-yrs old class-A medical office building on .64 ac lot near Methodist Charlton Hospital in Dallas metro. Easy access to Hwy 67 and I-20. 100% NNN lease to a medical doctor since 2006 with 4 ½ yrs remaining. NOI $96K/yr. $1.1M. 8.75% cap.
- Strip Center in Las Vegas, NV: 13,727 SF 9-unit retail center built in 1996 in high income are (AHI $82K/yr in 1 mile). Across the street from Santa Fe Station Hotel & Casino complex. 82.5% NNN lease with 2 small vacant spaces. Pro forma NOI $179K/yr. $2M. 9% cap.
- Romano’s Italian Grill in Hoffman Estates, IL: 8458 SF Romano’s Macaroni Grill on 1.94 acres near St. Alexius medical Center and I-94 exit lot in Chicago suburbs. 100% absolute NNN corp lease with 17 yrs remaining. NOI $170K/yr. Store with strong sales revenue of $2.373M. $2.345M. 7.25% cap.
- Wendys in Morrow, GA: 3000 SF Wendy’s restaurant remodeled 2004 on .88 ac outparcel to Sam’s Club in Atlanta suburbs. New 20 yrs NNN lease to an operator with 21 units. NOI $103K/yr. Store with sales revenue of over $1.2M in 2010. $1.419M. 7.25% cap. Listing office says 8% cap possible ($1.287M).
© Transmercial 2011.
- REO Shopping Center in Avondale, AZ: 33,731 SF newly constructed shopping center anchored by Staples at a signalized active (154,000 CPD) corner location near I-10. 65% NNN leased. Pro forma NOI $404K/yr. $3.595M. 11.26% Cap.
- REO Office Building in Frankfort, IL: 28,824 SF attractive 3-story multi-tenant office building constructed in 2003 along I-80 in wealthy (AHI $93K/yr within 1-mile) Chicago metro. The building features an oak wood paneled lobby, oak wood suite entries and polished brass trimmings. The suites in this building were originally designed to be professional condos and all units are individually metered. 70% leased. NOI $107K/yr. $1.375M. 7.79% Actual Cap. Upside Potential.
- DSW Shoe Warehouse in Cincinnati, OH: 20,790 SF retail building on 2.15 ac lot in prosperous (AHI $103K/yr within1-mil) neighborhood next to I-71. 100% NNN leased. Tenant has been here since 1996 and just renewed 5 yrs extension. NOI $208K/yr. $2.5M. 8.32% Cap.
- Walgreen’s in Las Vegas, NV: 13,905 SF drugstore built in 1999 on 1.72 ac lot close to Wal-Mart at a busy signalized intersection. 8-yrs left on NNN- lease. NOI $531K/yr. $7.275M. 7.3% Cap.
- Strip Center in Glen Cove, NY: 7,200 SF well-maintained strip center on .53 ac lot with excellent visibility in New York metro. Affluent neighborhood with AHI of $132K/yr in 1 mile. 90% leased. NOI $134K/yr. Price reduction from $1.625M to $1.495M. 9% Cap.
- Fresh & Easy in Avondale, AZ:14,390 SF grocery store at strong retail location near Fwy-10 in fast growing (11,070.59%) Phoenix suburbs. Long NNN Ground Lease (buyer owns land). Fresh & Easy's parent company, Tesco, is the world's 3rd largest grocer (#1 grocery brand in the UK) and operates approximately 4,800 stores in Europe, Asia and the United States. NOI $119K/yr. $1.714M. 7% Cap.
- Hotel in Orlando, FL: 214-room hotel built in 1990 on 4.43 ac lot across from Dr P Phillips Hospital and close to numerous theme parks. Conveniently located next to Fwy-4. 56% Average Occupancy. NOI $428K/yr. $6.780M. 6.32% Cap.
- Bass Pro Shops in Portage, IN: 130,000 SF single-tenant retail building in a coastal town Southeast of Chicago with I-94 visibility. Roughly 16-years remaining on lease. NOI $517K/yr. $7.250M. 7.14% Cap.
- JC Penny Home Store in Pembroke Pines, FL: 50,000 SF retail building developed in 1998 on 4.27 acres lot next to Ethan Allen and BJ’s close to I-75 in Miami metro. Corporate lease. NOI $594K/yr. $7.8M. 7.62% Cap.
© Transmercial 2011.