New Arrivals List
Shopping Centers For Sale Nationwide
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Property #SHOP481 - Request more information
• Anchored Center
• Ohio
• Purchase Price: $2,215.035
• Cap Rate: 8.5% (8.87% in 2012)
• NOI: $188,278 (est.)
• Building Size: 8,990 Sq ft.
• Lot Size: 1.387 Acres (est.)
• Lease Type: NN
• 100% Occupied Panera Bread Anchored Center
• 10% rental increase in Panera's rent in 2012 equates to 8.87% Cap
• Strong National Tenant Mix: Panera Bread, Coldstone Creamery and Portrait Innovations
• Adjacnent to Target anchored power center that includes Best Buy, Bed, Bat & Beyond, Dick's, etc.
Date: 23 Aug 2011 09:04:29
Property #SHOP480 - Request more information
• 2 tenant retail center - Dollar General Anchored
• New York
• Sales Price: $993,690
• Cap Rate: 9.00%
• This is a 2 tenant retail center with Dollar General and a Liquor Store.
• Contact us for a breakdown of expenses and a complete marketing
Mon, 22 Aug 2011 18:08:25
Property #SHOP393. Request more information
• Grocery-Anchored Shopping Center
• Kentucky
• Price: $3,683,000 $3,466,000
• CAP: 8.00% 8.50%
• Building: 40,200 sf
•
• Nine Years Remaining on Anchor (Food Lion) Lease
• Top Three Food Lion in Two State Territory
• 88% Occupied with Established Tenants
• Easily Accessible & Highly Visible Location Along Primary Roadway
• 4,800 Vacant SF | Can Be Divided into Four (4) 1,200 SF Units
• Limited Retail Competition in the Area
• Population Exceeds 36,000 Within Five Miles of Subject Property
Mon, 22 Aug 2011 10:48:15
Property #SHOP479 - Request more information
• New Mexico Shopping Center For Sale
•
• Well Anchored Neighborhood Shopping Center
• Price: $3,650,000 ($37.19 / SF)
• Price of $3,650,000 is for the whole property or, since it's legally separated into 2 parcels, the 100% leased north part with $163,455 of annual NOI could be bought for $1,700,000 (9.615% cap) and/or the vacant, 55,655 SF southern portion could be purchased for $1,950,000 ($35/SF).
• Total Builing: 98,145 SF
• The nearby Master Planned Community plans to triple the area's population and create up to 2,000 new jobs.
• Less than ½ mile from Rail Runner station
• Anchored by Beall's and Family Dollar
• C-1 Zoning allows for many Industrial type Uses
• $119,700 existing NOI
•
Date: Sat, 20 Aug 2011 15:43:41
Property #SHOP478 - Request more information
• 3 Tenant Retail - Target & JC Penny Center
• 3 National Tenants in one investment
• Wisconsin
• Price:$3,453,000
• Net Operating Income: $259,012
• Building: 9,004 sf
• Cap Rate:7.50%
• Year Built: 2011
• Land Area: 76,666 sf
• 3 National / Credit tenants - AT&T, Panda Express & Aspen Dental
• New long term 10 year leases
• 10% Rent Increases every5 years
• Pad building fronting Target, JC Penny, Dick's Sporting Goods & Petsmart
• New 2011 construction
• High growth trade area
Date: 19 Aug 2011 14:24:43
Property #SHOP477 - Request more information
• Upscale Strip Center
• Texas
• YEAR BUILT 2011
• APPROXIMATE SIZE 23,095 Square Feet
• LAND 1.72 Acres
• PARKING 73 Spaces
• PRICE $5,300,000
• PRICE/SF $229 PSF
• CAP RATE 7.03%
• Upscale retail multi-tenant strip center of approximately 23,095 square feet. The building is approximately 88% occupied and currently entails eight suites. All Star Family Grill and Prestons Wings & Pub occupy over 50% of the center serving the high growth area of subdivisions. The property was constructed in 2011 and is located in a rapidly growing Houston Submarket. The subject property has immediate
• ingress/egress to a major freeway at the entrance to the a 287 acre community of new homes.
Fri, 19 Aug 2011 13:56:27
Property #SHOP476 - Request more information
• Two-Tenant Retail Center
• AT&T Mobile and La-Z-Boy
• Maryland
• HIGHLIGHTS
• Traffic counts of 20,000 - 70,000 on immediately adjacent roads
• Out parcel to Walmart Supercenter, Lowe's and Sam's Club anchored Quarterfield Crossing Center
• 70+ parking spaces
• 10 minutes from an airport
• Landlord responsible for roof and structure
• Tenant pays CAM charges
• Landlord can add 3% management fee to CAM charges
• 2008 construction
• TRAFFIC COUNTS
• 129,390 ADT
• 20,530 ADT
• 71,922 ADT
• AT&T Mobile
• Net Operating Income (NOI) $153,000
• Rent/Month $12,750
• Rent/SF $43.71
• Rentable Square Feet 3,500 +/- sf
• Land Area 2.00 +/- acres
• Tenant Name AT&T Mobile
• Credit Rating A2
• Rating Agency S&P
• Stock Symbol NYSE: T
• Guarantor Corporate
• Website www.wireless.att.com
• Ownership Type Fee Simple
• Lease Type NN
• Landlord Responsibilities Roof & Structure
• Store Open October 2008
• Lease Term 10 years
• Lease Commencement Date 12/01/2008
• Lease Expiration Date 11/30/2018
• Increases 10% every 5 years
• Options 2(two), 5(five) year
• La-Z-Boy
• Net Operating Income (NOI) $472,050
• Rent/Month $39,188
• Rent/SF $28.50
• Rentable Square Feet 16,500 +/- sf
• Land Area 2.00 +/- acres
• Tenant Name La-Z-Boy
• Stock Symbol NYSE: LZB
• Guarantor Corporate
• Website www.la-z-boy.com
• Ownership Type Fee Simple
• Lease Type NN
• Landlord Responsibilities Roof & Structure
• Store Open October 2008
• Lease Term 15 year
• Lease Commencement Date 12/01/2008
• Lease Expiration Date 11/30/2023
• Increases 10% every 5 years
• Options 4 (four), 5(five) year
• Fri, 19 Aug 2011 09:27:31
Property #SHOP475 - Request more information
• Retail investment Property
• Georgia
• Two Tenant Retail
• ULTA Beauty & Michaels
• Price: $6,100,000
• CAP Rate: 8.10%
• 2010 construction and 10 year leases with rent bumps in option periods
• Part of a Kohl's, Bed Bath & Beyond, Rooms To Go and McDonald's center
• ULTA is the largest beauty supply retailer in U.S. with +/- 390 stores in 40 states
• Michaels is North America's largest specialty retailer of arts and crafts materials with +/- 1,050 stores in 49 states and Canada
• Traffic counts of 30,000+ cars per day in front of the property
• Population of 78,200+ and average income of $64,500+ in a 5 mile radius
Wed, 17 Aug 2011 14:05:00
Property #SHOP474 - Request more information
• Retail Shopping Center For Sale
• Washington State
• New construction
• New roof with assignable warranty
• Rents at or below market
• NNN Leases with full recapture of expenses
• Landlord responsible for roof and paint only
• Price: $2.15 Million
• Cap Rate: 9.15%
• Building Size: 11,952 SF
• Occupancy: $1
• Year Built: 2008
Wed, 17 Aug 2011 12:55:39
Property #SHOP473 - Request more information
• Shopping Center
• Michigan
• 93,904 Square Foot Retail Strip Center Anchored by Family Farm & Home
• 84% Occupied with a Mix of National & Credit Tenants
• Value-Added Opportunity: Leasing Upside
• Strong Junior Anchor Tenant: Dollar General (Recently Extended Option Period)
• Less than 1 Mile From Major Downtown MSA
• Shared Parking Lot With a Free Standing Rite Aid Store
• Property is situated on two parcels totaling 11.4 acres and provides 373 parking
• K-Mart & Kroger Anchored Strip Centers in the Immediate Area
• Price: $4,760,000
• Gross Leasable Area: 93,904 SF
• Price/SF: $51.01
• Occupancy: 83.5%
• NOI-Actual (Proj.): $475,998 ($592,992)
• Cap Rate - Actual (Proj.): 10% (12.5%)
Wed, 17 Aug 2011 11:55:06
Property #SHOP472 - Request more information
• Shopping Center
• Indiana
• National Credit Anchor Tenants - Big Lots and JC Penney
• Regional and National Credit Tenants Occupy 80% of the GLA
• Value-Added Opportunity: Leasing Upside
• Strong Junior Anchor Tenants: Sears, Dollar General, Peebles, Goodwill, and Hallmark
• Recent Renovations (1996) and New Facade (2004)
• Traffic Counts Exceed 17,350 Cars/Day
• Average Household Income: $65,888 (15 Mile Radius)
• Excellent Exposure, Ingress, and Egress
• Price $9,997,000
• Down Payment $3,817,000
• Gross Leasable Area 190,686 SF
• Price/SF $52.43
• Occupancy 85%
• NOI-Actual (Proj.) $799,760 ($1,000,769)
• Cap Rate - Actual (Proj.) 8.0% (10%)
• Cash on Cash - Actual (Proj.) 10% (16%)
Wed, 17 Aug 2011 11:55:06
Property #SHOP471 - Request more information
• New York Retail Shopping Center
• Price: $13,700,000
• Proforma NOI: $993,978
• Proforma CAP: 7.25%
• GLA: 33,305 (27,835 streel level and 5,470 sf end floor office space)
• Strong Tenant Mix
• Anchored by a Community National Bank
• Excellent frontage
• Favorable Assumable Financing
• Recent capital improvements include facade renovation, roof work, awnings, sprinklers and elevator
• Prime upscale community with excellent demographic profile
Wed, 17 Aug 2011 11:55:06
Property #SHOP470 - Request more information
• Shopping Center
• Ohio
• 97% Occupied Center Dollar General Anchored Retail Strip Center
• Strong mix of national and local tenants
• Value-Added Opportunity: Converting to NNN leases, raising rents, and leasing
• Additional land surrounding Center for development
• The property‘¦s rents are significantly below market
• Staggered expirations on existing leases
• Population of 169,000 within a five mile radius
• This Center has historically had close to 100% occupancy
• Price $2,880,000
• Gross Leasable Area 44,400 SF
• Price/SF $64.86
• Occupancy 97%
• NOI-Actual $288,247
• Cap Rate - Actual 10%
• Contact: Que Martyn, (855)-NNN-1031
Wed, 17 Aug 2011 11:55:06
Property #SHOP470 - Request more information
• Multi-tenant investment property
• Illinois - a suburb of St. Louis, Missouri.
• The property was developed in 2007 in conjunction with the Target and Home Depot parcels and sits at the intersection of a major Highway and Parkway.
• The site's location at this well traveled junction (28,000 cars per day) ensures continued success for the retail occupants).
• The offering is comprised of four separate multi-tenant centers, one of which actually sits between the shadow-anchors, Target and Home Depot, totaling 108,116 square feet of leaseable space.
• The center is currently 91.4% occupied with 57.5% of the total leaseable space leased through early 2018.
• Price Reduced by $761,000
• NEW DEBT QUOTE RECEIVED April 27, 2011
• 5.60% | 30 Year Amortization | 75% LTV
• Construction Date:2007
• Rent Escalations: Varies by Tenant
• 3 Mile Population:40,046
• 5 Mile Population:87,859
• Renable SqFt:108,116
• Asking Price: $16,375,000
• Cap Rate: 8.63% (Year One)
• Total Occupancy 91.4%
• Cash on Cash Return: 13.0%
Mon, 2 May 2011 10:51:11
Property #SHOP381. Request more information
• Walmart & Lowe's Shadow-Anchored Center
• Price Just Reduced from 9.75% Cap
• Pennsylvania
• New Asking Price: $5,314,000
• Cap Rate: 10.25%
• Rentable SqFt: 46,465
• Construction Date: 2006
• Four (4.0%) Percent Commission Split 50/50
• Lowe's and Wal-Mart Supercenter Shadow Anchored
• Two Out-parcels Included in Pricing Provide Development Upside
• Vacant Parcel Adjacent to Dollar Tree for 20k-30k of Add'l Devlopment
• 97% Occupied | Numerous National Retailers on Tenant Roster
• Highly Visible Location at Intersection of Two Important Area Thoroughfares
• Rare Opportunity Providing Low Risk & Significant Upside Through Development
• 3 Mile Population: 3505
• 5 Mile Population: 17088
Wed, 17 Aug 2011 15:35:16
Property #SHOP394U. Request more information
• Shop n' Save Grocery Anchored Center
• Missouri
• Price: $11,293,000 $9,968,302
• CAP: 7.75% 8.14%
• 101,323 Square Foot Grocery-Anchored Shopping Center
• Anchor Tenant, Supervalu, Features S&P Credit Rating of BB-
• Center is Currently 97.66% Occupied Based on Square Footage
• Offering Includes Four Total Buildings, & Three Outlots Totaling 2.896 Acres
• Population of Nearly 150,000 Within Five Miles of Subject Property
Wed, 17 Aug 2011 15:35:16
Property #SHOP445. Request more information
• Neighborhood Strip Center
• Upstate New York
• Price: $1,372,000 $1,272,000
• CAP RATE: 10.90% (on in-place NOI)
• NOI: $133,754
• SIZE: 28,994 sf
• Financing: Assumable loan @ 5.875% (70% LTV)
• Major Tenants: Dollar General, Aubuchon Hardware
• Popular Resort Area
• Well-Established Major Tenants
• Well-Located on Main Thoroughfare
Great Opportunity through Lease Up
• Current Loan Balance: $735,000 - $740,000
• Great Interest Rate, Seasoned, Great Principal Reduction is (about $5,000 per month)
• Currently cash flowing at about $20,000 after debt service
• If the vacancy is leased up, this will bring in an approx. $35,000 in cash flow.
• This is an opportunity to more than double the cash flow and enjoy over 10%+ in total return on equity
• (cash on cash) with $550,000k down and assume the loan
• Example: $55K / 550K = 10% cash on cash
Wed, 17 Aug 2011 13:02:37
Property #SHOP469 - Request more information
• Kroger Shadow-Anchored Retail Center Shopping Center
• Houston, Texas
• Opportunity to acquire a well-positioned, shadow grocery-anchored asset in the Houston MSA
• Value add opportunity through lease up and growing existing, below market rents
• Irreplaceable real estate located at "Main & Main" serving two master-planned communities
• Institutional ownership of retail centers within the immediate trade area include AmReit, BVT, Cole Capital, Inland and more
• Benefits from excellent demographics with an average household income within a mile radius exceeding $100,000
• 18 Miles From Houston's Central Business District
• Year Built: 2005
• TotaL GLA: 15,406 square feet
• Land area: 3.65 acres subject to REA
• Occupancy: 90%
• Parking: 7 per 1,000 SF
• Debt: Available for new market rate financing
• NOI: $290,788 | As-Is FYE August 2012
• Cap Rate: 8.25%
• Price: $3,525,000
Date: 16 Aug 2011 17:01:18
Property #SHOP468 - Request more information
• Shopping Center
• North Carolina
• This is a 14,964 square foot shopping center that is 100% occupied and includes Dollar General is for sale.
• The center is located on a major Highway 421 in the heart of a retail district.
• It is priced at $1,160,000 with a 9.8% Cap Rate.
Tue, 16 Aug 2011 09:46:08
Property #SHOP467 - Request more information
• Now is the time to team up with a very successful developer with a successful philosophy.
• These opportunities are normally reserved for friends and family in a better market.
• Partnership opportunities available to investors that will return 12 to 15 % annualized to the cash partner. Plus additional return multiple at sell of the project in the 5-7 year time period.
• All the properties have 1031 capabilities.
•
• Below are 4 opportunities currently available:
• 1. 14 theater redevelopment - Kansas
• Type: Commercial redevelopment into Class A office
• Funds Needed: $2,400,000; minimum investment $500,000; approx. 11-15% annualized returns;
• Goal: Redevelop this theater into 95,500 SF of Class A office, with an optional Phase II 30,000 SF Class A building after stabilization of redeveloped theater, 5-7 year hold for cash flow creating exit value of approx. $20 million.
• Description: Terrific opportunity to create multiples on investment. Experienced developer converting 47,000 sq. ft. theater into 95,500 sq. ft. Class A office in the fastest growing area. Easy access for the entire market from Expressway and Road with 80,000 cars per day traffic count and great visibility. Located in a historically stable market that has highly skilled employment base and is a regional destination for businesses. Developer has built and operates 15 commercial assets, including Class A office conversions, in this market.
• 2. Office Park - Kansas
• Type: Commercial, Neighborhood office development
• Funds Needed: $300,000; approx. 11-15% annualized returns
• Goal: New development consisting of 5 office buildings and 50,000 Sq. ft.; 5-7 year hold for cash flow creating exit value of approx. $10 million
• Description: Fantastic opportunity for investors to create multiples on their money while getting monthly distributions at stabilization. Located in the highly desirable and upscale corridor. This asset captures one of the best income demographics in a stable market with demand for quality office suites ranging between 1,500 and 5,000 sq. ft.
• 3. Merchant Expo - Kansas
• Type: Commercial, Retail, 23,000 sq. ft. destination center
• Funds Needed: $300,000; approx. 11-15% annualized returns
• Goal: New concept retail destination. 23,000 sq. ft., 5-7 year hold for cash flow and excellent value creation. $3 Million exit value
• Description: This deal offers investors added value from day one due to below market land acquisition right on a major Expressway frontage with four-way exit ramps. 80,000 cars per day visibility makes this an ideal destination for a new open, meandering retail center fashioned after open markets in South America and Europe. Located in a stable, growing, high income demographic which will drive this unique shopping and dining experience.
•
• 4. Shopping Center - Kansas
• Type: Commercial, 85,000 sq. ft. retail with 4 out-parcels
• Funds Needed: $1,900,000; approx. 11-15% annualized returns
• Goal: Below market land acquisition that is a 5-7 year hold after development and lease up.
• Description: Excellent opportunity to invest in a new retail center with a big box shadow anchor and great residential density. 43,000 cars per day currently at this hard-corner location. New Interstate on/off ramp opening in Spring of 2013 will increase traffic by 15-20% at this already bustling intersection. New emergency care facility/doctor's offices across the street, as well as a rehabilitation hospital and high school, provide excellent retail demand in this stable, dense, high income demographic in the market.
Tue, 16 Aug 2011 12:27:57
Property #SHOP363. Request more information
• Strip Center
• Nebraska
• Price: $6,150,000
• Net Operating Income: $458,834
• Cap Rate: 7.46%
• Gross Leasable Area: 40,419 sf
• Building Size: 40,419 sf
• Year Built: 1997
• Land Area: 5.19 acres
• Assumable Non-Recourse Financing at 6.19% Interest
• High Income Demographics
• New Regional Ground is Breaking Ground Across the Street
• Class A strip center located across the street from the new Hy-Vee grocery anchored center which was slated to break ground Fall 2010.
• Assumable non-recourse financing at 6.19% interest, expiring in 2014 providing an actual 6.40% Cash on Cash Return.
• Excellent demographics exceeding 158,000 residents in a 5-mile radius with an average household income exceeding $100,000.
• 88% cccupancy with upside
Tue, 16 Aug 2011 16:01:36
Property #SHOP363. Request more information
• Class A Strip Center
• Nebraska
• Price: $3,650,000
• Net Operating Income: $333,592
• Cap Rate: 9.13%
• Gross Leasable Area: 23,954 sf
• Building Size: 23,954 sf
• Year Built: 2004
• Land: 2.02 acres
• Assumable Non-Recourse Financing at 5.75% Interest
• Only 12% Down Payment
• 100% Occupied
• High Income Demographics
• New Regional Ground is Breaking Ground Across the Street
• Includes a Small Drive-Thru Pad
• Class A strip center located across the street from the new Hy-Vee grocery anchored center which was slated to break ground Fall 2010.
• Assumable non-recourse financing at 5.75% interest, expiring in 2015 providing an actual 20.38% Cash on Cash Return.
• Excellent demographics exceeding 158,000 residents in a 5-mile radius with an average household income exceeding $100,000.
Tue, 16 Aug 2011 16:01:36
Property #SHOP409. Request more information
• Dollar Tree Plaza - Mall Outparcel
• Minnesota
• Price: $2,775,000
• Net Operating Income: $225,641
• Cap Rate: 8.13%
• Building Size: 16,734 sf
• Year Built:2006
• Lot Size:1.64 AC
• 100% Occupied
• Located on an Outparcel to a Regional Mall
• Solid Rental Increases
• National Tenant Mix
Tue, 16 Aug 2011 16:01:36
Property #SHOP394. Request more information
• Retail Center
• Arizona
• 100% Occupied
• 10.50% CAP
• Price:$1,248,000
• Building: 15,008 sf
• Price/SF:$83.16
• Three-Tenant Center (100% Occupied) Anchored by Dollar Tree on a Long-Term NNN Lease
• Positioned in Dominant Shopping Center Anchored by High Volume Basha's with Sales Approaching $450 per Sq. Ft.
• Situated Across the Street from a Proposed Walmart Supercenter
• Attractive Annual Rental Escalations with All New Electrical/Roof/HVAC Installed in 2008 (Over $500,000 Renovations)
• 25,000 Person Regional Trade Area
• Pharmacy Tenant has been in the Taylor Market for Over 20 Years!
Wed, 17 Aug 2011 15:35:16
Property #SHOP466 - Request more information
• NNN Outlot Center
• Indiana
• Price: $1,035,000
• CAP Rate: 9.31%
• Located at Connections of Major Highways (Approx. 44,700 VPD) In Front of a 293,348 S.F. Kroger Anchored Center
• NNN Leases with Reputable Tenant Mix, Marathon Gasoline and Tropical Tan
• High 13.01% Expected Year-1 Cash-on-Cash Return and 9.31% CAP Rate
• Excellent Exposure Along Major Street with Convenient Highway Access, a College (1,000 students) and Major Area Employers, RR Donnelly (1,400 employees) and Nucor Steel (750 employees)
• Prime Location Surrounded by National Retailers, Restaurants and Other Major Employers
Tue, 16 Aug 2011 11:54:54
Property #SHOP439. Request more information
• Two Tenant Net Leased Retail Investment
• Georgia (Atlanta Suburb)
• Two Solid Tenants - Subway and Popeyes
• Priced at $ 1,050,000 which is a 7.35% CAP Rate on NOI.
• Both tenants have been here since construction in 2000 and the owner would assume they will continue.
• The Kroger behind the property is about 90% occupied, and there are few street-front retail alternatives.
• Owner is negotiable for an easy sale.
• 3,850 RSF on 1.199 Acres
• Outparcel to 90,000 RSF Kroger Anchored Shopping Center
• Great Road Frontage with access to Signalized Entrance
• Attractive, easy maintained landscape
• Constructed in 2000, "Brick & Block"
• Ample surface parking with concrete dumpster pad, drive-through lane
• 100% Occupancy since construction
• Popeye's and Subway Restaurants
• Stable income with Rent Bumps
• Single-Owner with All Documents
Tue, 16 Aug 2011 07:59:06
Property #SHOP465 - Request more information
• Best Buy & Dick's Sporting Goods
• Chicago MSA
• Excellent location on strategic corner within large sub-market
• Part of a 530,000 shopping center with nationally branded tenants including: Target, Kohl's, OfficeMax, Petco and more
• Traffic counts of 61,000+ vehicles per day
• Excellent ingress and egress
• Building Area: 79,147 SF
• Asking Price $17,285,000
• Cap Rate: 7.25%
Mon, 15 Aug 2011 14:29:48
Property #SHOP443. Request more information
• Shadow Anchored Strip Center
• West Virginia
• Due to Recent Lease Extensions & Lease Executions for All Tenants, Center is 100% Occupied with Unbelievably High 23.10% Expected Year-1 Cash-on-Cash Return
• High 11.44% CAP Rate and Low Sale Price of Only $37.66/SF
• Recently Executed 10-year Lease with Ashley Furniture (No. 1 Selling Brand of Furniture) &
• New True Home Value Lease
• Newly Extended Leases: Jo-Ann Fabrics (NYSE: JAS, S&P "BB-") and Mattress Warehouse (90+ Locations)
• Shadow Anchored with Outstanding Retailers: Wal-Mart, Hobby Lobby and La-Z-Boy Furniture
• Adjacent to Largest Shopping Complex in West Virginia Drawing Thousands of Shoppers
• from the Tri-State Area of West Virginia, Ohio and Kentucky
• Excellent Mix of National and Regional Tenants
• Price: $1,625,000
• CAP Rate: 11.44%
Mon, 15 Aug 2011 11:46:54
Property #ST1213 - Request more information
• NATIONWIDE INVESTMENT PROPERTIES
• HHGregg Center
• Status: Active
• Size: 60,834
• Price: $4,150,000
• Cap Rate: 10.27%
• Mall 
• Size: 42,654
• Price: $2,680,000
• Cap Rate: 9.75%
•
Thu, 11 Aug 2011 15:51:50
Property #SHOP444. Request more information
• Shopping Center
• Pennsylvania
• $19.79/SF & Additional Upside
• High 17.30% Expected Year-1 Cash-on-Cash Return with Low Price Per Square Foot: $19.79/S.F.
• Additional Upside Potential with the Remaining Vacant, Big-Box Space (39,000 S.F.) and Vacant Outparcel Land (4.04 Acres) for Future Development
• Anchor Tenant Occupies "Class A" Space (for Over 10 Years)
• Convenient Access to Established Tenants & 0.2 Miles From major Interstate Highway
• High Density Population
• Surrounded and Positioned Between Residential Homes, Major Retail Corridor, Medical Offices, School District and Colleges/Universities
• Price: $1,900,000
• CAP Rate: 11.32%
Thu, 11 Aug 2011 12:58:02
Property #SHOP464 - Request more information
• Corporate Starbucks/T-Mobile
• Illinois
• Starbucks has gone dark at this location, but is still paying rent for 6 more years.
• T-Mobile is performing very well.
• Perfect Value Added Property for the savy investor.
• Seller will review all reasonable offers
• Price: $2,408,000
• Cap Rate: 9.5%
• NOI: $228,768
• Building Size: 5,407 sq. ft.
• Lot Size: 52,020 sq. ft.
• Year Built: 2007
• Rent Commencement: May/April 2007
• Year Term: Ten (7) years
• Options: Four (5) year options with 10% increases
• Lease Type: NN (LL responsible Roof and Structure with 15 yr. warranty
Wed, 10 Aug 2011 19:41:47
Property #SHOP463 - Request more information
• Shopping Center For Sale
• New Mexico
• Cap Rate: 9.5%
• Building Size: 94,276 SF
• PPSF: $33.59
• Lot Size: 7.19 Acres
• Year Built: 1985/2006
• 100% Occupied
• Strong anchor tenant in Sutherlands Lumber Company - just renewed for 5 years
• Priced below replacement cost at $34 per square foot
• Located on the dominant retail thoroughfare: nearby retailers include a Walmart Supercenter, Hampton Inn, Chili's, IHOP and Radioshack
• Excellent visibility & access
• Very good monument signage for center
• 100% leased regional shopping center
Wed, 10 Aug 2011 17:33:53
Property #SHOP462 - Request more information
• 100% Occupied 7-Eleven Anchored Strip Center
• Washington DC MSA
• Below Market Rents
• 8.7% Cap Rate
• Very Rare - 50% below market rent - in Northern Virginia
• Asking price - $5,477,611
• Two adjacent buildings
• 7-Eleven rent to sales 5.5%
• 100% occupied with average tenancy of over 9 years
• 47,000 +/- sq ft total
• NOI annually $476,397
• 1.91 ac
Wed, 10 Aug 2011 13:45:08
Property #SHOP461 - Request more information
• Shopping Center For Sale
• Texas
• Price: $10,495,000
• CAP: 8.35%
• Non-Recourse, 5.46%, 30 Year Amortization, 10 Year Loan, Just Funded in July
• 100% Leased
• New Construction - 2005
• Growing Metro Area
• Located in a Texas metro market with population of 110,000+.
• Approximately 7.575 acres on two parcels.
• There are two buildings, totaling 64,780 square feet of leasable space
• The leases are net with the tenants responsible for tax, insurance, and maintenance.
• Landlord is responsible for roof and structure.
Tue, 09 Aug 2011 13:10
Property #SHOP460 - Request more information
• Commercial Center
• Washington State
• Value Add Opportunity
• Opportunity to Re-Position and Re-Tenant
• Priced on In-Place Income-9.25% Cap
• Staggered Lease Expirations
• Development potential at a hard corner
• Price: $3.6 Million
• CAP Rate: 9.25%
• Total Rentable Area: 35,942 SF
• Price Per SF: $100.16
• Lot Size: 87,991 SF
• Year Built: 1970/1996
• Parking: 91 Spaces
• Occupancy: 86%
Tue, 9 Aug 2011 12:28:58
Property #SHOP459 - Request more information
• 100% Leased Shopping Center
• New Mexico
• Price: $2,069,000
• Cap Rate: 9%
• Building Size: 20,021 SF
• PPSF: $103.34
• Lot Size: 3.33 Acres
• Year Built: 2005
• Multi-tenant retail property in a Super Wal-Mart (NAP) anchored shopping center
• 100% leased to national and regional tenants at market rents
• Excellent visibility from Interstate Freeway
• Great monument signage
• Anchored by Dollar Tree in 8,000 SF
• Long term upside in rents
• Possible additional undeveloped land included as part of sale
Mon, 8 Aug 2011 18:10:36
Property #SHOP458 - Request more information
• Highly experienced retail developer looking for passive investors in two redevelopment Grocery anchored centers located in major Southeast locations.
Sun, 7 Aug 2011 14:28:00
Property #SHOP3612. Request more information
• NNN - 7-Eleven Strip Center.
• California
• Just Listed
• Price: $2,285,000
• Absolute NNN
• CAM expenses fully recaptured by 7-Eleven until vacant space is leased
• Great Exposure on major Avenue
• Traffic counts 21,000 cars per day
• Signalized intersection
• Strong demographics with approximately 358,000 people within five mile radius
Thu, 4 Aug 2011 14:59:45
Property #SHOP457 - Request more information
• Oregon Retail Shopping Center For Sale
• Price: $3.92 Million
• Cap Rate: 7.50%
• Building Size: 16,483 SF
• Occupancy: 91%
• Anchors: Big Town Hero, Bank
•
• Located in one of Oregon's wealthiest cities
• Significant barriers to entry - lack of developable land available for new development
• One of three signalized intersections on a major artery with traffic counts in excess of 30,000 VPD
• Existing drive thru for current bank tenant
Thu, 4 Aug 2011 13:54:12
#SHOP340 Request more information
• Bay Area Grocery-Anchored Shopping Center
• California
• New 20-Year Lease
• Newly Remodeled Shopping Center
• Green Construction
• LEED Gold Certification
• Situation on a major Southern California Highway
• Great Neighborhood Location
• Steps from the Beach!
• Price: $10,197,000
• 6.50% CAP
Wed, 03 Aug 2011 19:01:53
Property #SHOP456 - Request more information
• Bank Owned Shop Space
• Metro Phoenix, AZ
•
• Very Good Value Add / Upside / Investment Opportunity
• Very Good User Opportunity
• Price: $570,500 ($35.00/SF)
• Property Size: +/- 16,300 SF (part of a larger 67,100 SF Shopping Center anchorded by Big Lots and Salvation Army.
• Land Area: 1.25 Acres
•
• Excellent value add investment opportunity.
• Also a great opportunity for a user buyer.
• Property is currently vacant except for one 900SF tenant who has been there for over eight years.
• Surrounding trade area draws
• Convenient location
Wed, 3 Aug 2011 18:39:36
Property #SHOP455 - Request more information
• Shopping Center
• Arkansas
• Fully Leased, 9,600 sq ft shopping center
• Over $80,000 in NOI
• The property is being offered $200,000 below appraised value.
• A very short due diligence will be required as everything is available including survey, leases, roof warranty and actual proforma.
Wed, 3 Aug 2011 12:26:10
Property #SHOP454. Request more information
• Grocery Anchored Centers
• Anchors..................................State.........Price.............CAP
• Safeway, Bi-Mart.....................OR...........$25 Million.....7.14%
• Cost Cutter, Papa Murphy's....WA...........$8 Million.......8.42%
• Food Lion, Subway.................GA............$4.3 Million...8.72%
Tue, 2 Aug 2011 14:41:02
Property #SHOP380. Request more information
• NNN McDonald's Shadow Center
• Ohio
• Price: $2,935,000
• Cap Rate: 9.16%
• Gross Leasable Area: 18,353 sf
• Occupancy:81%
• Year Built: 2007
• 81% Occipied - Nice Upside Potential
• NNN Plaza with High 14.01% Projected Year-1 Cash-on-Cash Return and Upside Potential
• Growth Area of City with Excellent Exposure & High Traffic Counts (40,910+ VPD) at Intersection of Route 31 and Highway 33 (0.3 Miles)
• Newer (2007), High-Quality Construction - 92% Occupancy & Strong Interest in Vacancies
• Shares Signalized Entrance with Outlot McDonald' s & Directly In Front of Newer Residential Community (Over 1,500 Homes)
• Major Employers in Market: Parker Hannifin, Scotts Miracle-Gro Company, Honda Maryville Plant, Nestle, Goodyear, & Univenture
• Convenient Access to Established Tenants Off Major State Route and Less Than 0.3 Miles From a Highway
Tue, 2 Aug 2011 12:51:35
Property #SHOP453. Request more information
• Strip Center
• Virginia
• This retail building sets the standard as a stable triple-net leased multi-tenant retail center. It has maintained 100% occupancy since opening in December of 2005, in an area with demographics, employment, and population growth significantly above state and national averages. It has solid cash flow supported by a diverse tenant base, limited near term lease rollover, and a below market rate, assumable, non-recourse loan.
• Price: $2,700,000 (need to assume financing).
• A 12,600 Triple Net Leased Multi-Tenant Retail Building adjacent to a Hospital
• Consists of a 12,600 square foot out-parcel retail facility with tremendous visibility and access
• The building was constructed in 2005 and has had consistent 100% occupancy since completion.
• Part of planned mixed-use development consisting of a 120 unit active adult multi-family development that opened February 2006, A Holiday Inn Express Hotel, Ruby Tuesday's, Wendy's, 7-11, and a medical/office building.
• In addition, multiple out-parcel retail buildings will be constructed adjacent with interest from national drug stores, fast food restaurants, casual dining restaurants, and banks.
• Nearby the property are existing apartments, established single family residential communities and great access to a limited access major Route 58, which is only 1/4 mile from this property.
• Across the street from the property is a new $110 million, 168 bed, and several new medical and support buildings, which serve the surrounding communities.
• The Hospital also finished in 2010 a new $22.4 million orthopedic wing, and there are several related medical office buildings directly adjacent to the hospital.
• Rentable Building Area 12,600 sq. ft.
• Year Built 2005
• Number of Stories 1
• Zoning B-2 Commercial
• Land Area 1.725 acres
• Structure Poured Concrete Foundation, Block with decorative block veneer.
• Construction Poured Reinforced Concrete Slab
• Financing
• The property has a 10 year non-recourse debt which must be assumed by up to 3 borrowers, with a fixed interest rate of 5.41%, a term which expires in December 2015, and a balance of approximately $1,666,000. It can be assumed for an assumption fee of 1% of the loan balance without the normal third party due diligence reports required for a new loan (will provide copies of third party reports performed at initial loan closing).
Mon, 1 Aug 2011 16:22:02
Property #SHOP452. Request more information
• Two-Tenant 10% CAP - Sears Anchored
• Walmart Outparcel
• Price: $1,725,000
• Cap Rate: 9.92%
• Current Annual Rent: $171,183
• Lease Type: NNN
• Building Size: 7,488 sf
• Lot Size: 0.81 acre
•
• This offering is a Two Tenant, 100% leased, 7,488 SF retail center, anchored by a Corporate Sears (Nasdaq: SHLD, Market CAP: $8.62 Billion) and an Orthodontist (3 Locations). This center sits on the dominant corner in this regional retail hub, and is an outparcel to a Wal-Mart Supercenter. The location is in the midst of over a million square feet of nationally tenanted retail, and it is excellent real estate on its fundamentals. Sears has a 5 year lease with just under 3 years remaining, while the Orthodontist recently signed a new 10 year lease.
• Mon, 1 Aug 2011 15:28:07
• Year 1-5...............$82,000
• Year 6-10.............$90,200
• Year 11-15...........$99,200
• Year 16-20...........$109,142 Option
• Year 21-25...........$120,050 Option
• Purchase Price: $1,170,000
• Cap Rate: 7.00%
• Rent Commencement Date: 4/1/09
• Rent Commencement Date: 3/31/24
Mon, 1 Aug 2011 15:13:30
Property #SHOP451. Request more information
• NY Shopping Center For Sale
• Back on the market
• Westchester County,NY
• Low maintenance
• Cap rate: 7.8%
• Owner looking for quick sale.
• Mon, 1 Aug 2011 11:09:42
Property #SHOP450. Request more information
• San Diego, CA
• We have a couple strip centers in San Diego that could be put on the market in the low 6.00 CAP range. Confidential offerings - contact us if there is serious interest.
• Sun, 31 Jul 2011 16:42:06
Property #SHOP449. Request more information
• New Jersey Strip Center For Sale
• Gross Leasable Area of approx. 12,000
• Single story Strip Center with 5 national tenants
• Annual Rent: $319,000
• Price: $4,000,000
• CAP: 7.98%
• Located on a major highway
• Buyer must show proof of funds
• Sat, 30 Jul 2011 16:52:19
Property #SHOP448. Request more information
• New Jersey Retail Investment Property
• Price:$3,000,000
• Gross Leasable Area: 10,771 sf
• Cap: 8.00%
• New 10,771 sqft retail condo fully leased to 8 tenants Subway, Dry cleaner, deli, Law office ,Day Care, clothing store, Spa salon, insurance agency all NNN leases with 40 parking SPACES ,and across the street a new Walgreens.
• Excellent location across from New Walgreens. High traffic
• Sat, 30 Jul 2011 16:52:19
Property #SHOP447. Request more information
• Michigan Retail For Sale
• Nationally Anchored Shopping Center in Detroit area suburb
• 54,571 square feet
• Annual Rental Income of $491.321.88
• 97.5% Occupied
• 81% of occupancy by National Trends
• 15 minutes from Detroit Metro Airport
• 34,000 Daily Traffic Count
• Population
• 1 mile: 11,789
• 2 mile: 125,672
• 3 mile: 293,395
• Thu, 28 Jul 2011 08:49:49
Property #SHOP446. Request more information
• NNN Outlot Center
• Indiana
• Located In Front of a 293,348 S.F. Kroger Anchored Center
• 13.01% Year 1 Expected COC Return
• Great Location Near 3 Major Roadways
• 100% Occupancy
• Price: $1,035,000
• CAP Rate: 9.31%
• Located at Connections of Major Highways (Approx. 44,700 VPD) In Front of a 293,348 S.F. Kroger Anchored Center
• NNN Leases with Reputable Tenant Mix, Marathon Gasoline and Tropical Tan
• High 13.01% Expected Year-1 Cash-on-Cash Return and 9.31% CAP Rate
• Excellent Exposure with Convenient Highway Access to a major Interstate Highway, a College (1,000 students) and a Major Area Employers, RR Donnelly (1,400 employees) and Nucor Steel (750 employees)
• Prime Location Surrounded by National Retailers, Restaurants and Other Major Employers
• Thu, 28 Jul 2011 13:12:03
Property #SHOP442. Request more information
• Shopping Plaza
• Missouri
• Price: $3,500,000
• 8.97% Cap Rate going in with scheduled rent increases!
• Long term Leases in place!
• National Tenants
• Many New HVAC units
• 3 Tenant monument Signs
• Located off 39th Street in front of a Mall
• High Traffic Counts
• Average Household income in a 5 minute radius is over $72,000
• 95% Leased NOI $314,100
• Price: $3,500,000
• Percent Leased: 95%
• Cap Rate year one: 8.97%
• Year Built: 1984
• Roof: Built up
• Site: 3.32 Acres
• Zoning: C-2 General Commercial
• GLA: 28,253
• Mon, 25 Jul 2011 12:51:15
Property #SHOP441. Request more information
• New free standing 2-tenant (Dollar Tree & Aaron's)
• Tennessee
• NNN Corp guaranteed (5 + options)
• NNN Corporate Guaranteed Lease-Dollar Tree & Arron's
• Excellent location in a heavily commercial area near Wal-Mart.
• Tennessee is a No State-Income Taxes State.
• Price: $1,700,000
• NOI: $139,500
• Cap: 8.2%
• Building Size: 15,250 SF
• Lease: 5-Year NNN Corporate Guaranteed Lease Plus 3 (5-Year) Options with Increase
• Owner is responsible for about $95/Monthly for the alarm
• Wed, 27 Jul 2011 18:15:15
Property #SHOP440. Request more information
• CLASS "A" SHOPPING PLAZA
• Florida
• Adjacent to a Publix and CVS Pharmacy Anchored Shopping Center
• GLA: 37,631 sf
• Date Built: 2005
• Number of Tenants: 14
• Occupancy: 98% Occupied
• Leaes: NNN. All expenses 100% pass through, 3% annual bumps in rents
• NOI: $824,000 (plus $9.00 CAM)
• Price: 10,300,000
• CAP: 8.00%
• Fri, 22 Jul 2011 23:16:50
Property #SHOP438. Request more information
• Two Shadow-Anchored Strip Centers
• Texas
• We have another that is not on the market, which is very similar, just a tad larger.
• Both are shadow centers.
• This is an 8,000+/- SF shopping strip that was built in 2006. The shopping strip is 100% occupied by Hibbett Sports and Dream On, and is located in front of a Wal-Mart SuperCenter.Hibbett Sports signed a 10 year lease that commenced in October of 2006 and expires on 1/31/2017, there are also 2-5 year options to renew. The lease calls for rent increases of $.50 PSF ($2,500 annually) every 3 years and in each option. Dream On signed a 5 year lease that commenced on 6/1/2009 and expires on 5/31/2014 and includes 2, 5- year options. The lease is flat for the initial lease term and then increases at $1 PSF ($3,000 annually) in each option.
• Hibbett Sports is one of the fastest growing sporting good chains in the US and currently operates roughly 800 stores in 26 states. Dream On (http://dreamonmattress.com) currently has 2 locations and carrys a wide variety of mattressess by trusted brands, including Tempur-Pedic and Serta.
• GROSS POTENTIAL RENT $100,000
• Expense Reimbursements
• Real Estate Taxes 17,507 2.19
• CAM 8,000 1.00
• Total Expense Reimbursements $25,507
• GROSS POTENTIAL INCOME $125,507
• Total Expenses $27,507
• NET OPERATING INCOME $98,000
• TwoTenants: Hibbett Sports and Dream
• Price $1,152,940
• Gross Leasable Area (GLA) 8,000
• CAP Rate - Current 8.50%
• Year Built 2006
• Lot Size .791 Acres
• Fri, 22 Jul 2011 08:28:11
Property #SHOP437. Request more information
• 10% CAP Strip Center
• Located in North-Central Colorado
• About 55 miles outside of Denver
• Good long term tenants
• Price: $595,000
• CAP: 10.00%
• Possible owner financing
• Fri, 22 Jul 2011 06:52:37
Property #SHOP436. Request more information
• Various Shopping Centers / Strip Centers For Sale
• Ohio
• Click Here to see the list.
Thu, 21 Jul 2011 14:39:17
Property #SHOP435. Request more information
• Corporate Leased Strip Center
• Phoenix, Arizona MSA
• Multi-tenant freestanding building featuring corporate tenants. The subject property is located in an affluent suburb of the Phoenix MSA.
• The property is a pad site to Target, Bed, Bath and Beyond, and Sports Authority. There are over 206,000 people and household income exceeding $93,000 within a 5 mile radius of the subject property.
• Excellent location: pad site to Target, Bed, Bath and Beyond, and Sports Authority
• Over 206,000 people with household incomes exceeding $93,000 within a 5 mile radius of the subject property
• Pad to a Fashion Center super regional mall site, anchored by Nordstroms, Dillards, Macys, Best Buy and Sears
• Easy access to two major freeways
• Located in a trade area with approximately 1.5 million square feet of retail space
• Thu, 21 Jul 2011 12:48:37
Property #ST1140. Request more information
• Various Properties For Sale
• Industrial
• Office
• Medical
• Ground Leases
• Retail
• Click Here to see the list.
Thu, 21 Jul 2011 10:37:05
Property #SHOP434. Request more information
• Receivership Sale
• Atlanta MSA Retail Center
• GLA: 31,865 +/- sf
• Price: $2,150,000
• highly visible Retail Center offering excellent curb appeal in addition to being well located on heavily traveled Roads approximately 22 miles from Atlanta in a Retail Submarket.
• The area offers solid demographics, within a 5 mile radius where there is a 163,000 population count and a household income over $83,000.
• Built in 2009 the center sits on a flat approximately 3.17 +/- acre site with a flexible C-4 zoning.
• This high quality retail center was exceptionally built with many upgrades to exterior of center including lighting, brick, landscaping and elevators.
• The interior space except for one suite is shell condition.
• Adding further upside, there is an approximately 3.9 +/- acre developed residential tract zoned RM-4 located directly behind the center with road, curb and lot grading completed.
• Wed, 20 Jul 2011 12:15:04
Property #SHOP433. Request more information
• Florida Walmart Shadow Center for Sale
• Super Walmart shadow shopping center for sale.
• New Super Walmart center to be open 2012.
• Would consider selling vertical buildings and keeping out-parcels or selling out-parcels as well as anchor box.
• 21 +/- Acres
• 70,000 +/- Sq Ft
• Four undeveloped out-parcels
• 36,000 sq ft anchor box
• Asking $7,500,000
• Wed, 20 Jul 2011 10:33:19
Property #SHOP432. Request more information
• Two Neighborhood Retail Centers - Priced to Sell
• Minnesota
• $1.85M Value-Add Investment:
• 17 miles from Minneapolis
• Total Purchase Price: $1,850,000
• Excellent opportunity for an Investor or Owner/User to acquire two retail centers with a total of 15,868 square feet.
• Significant upside potential! Current Tenants: Subway, Qdoba, Shakopee Wine.
• Asking price is well below assessed value of $2,500,000!
• 5-mile Demographics:
• Population: 91,822
• Average HH Income: $119,461
• Mon, 18 Jul 2011 10:35:47
Property #SHOP365. Request more information
• Call for Offers is Wednesday, July 20th. All offers will be considered.
• Three Tenant Offering - Sears is One of them
• PRICE REDUCTION; 8.8% Cap Rate; 11% Cash on Cash Return
• Price: $7,675,000
• Net Operating Income: $675,400
• Cap Rate: 8.80%
• Building: 4,575 sf
• Price/SF: $1,677.60
• Three Tenant Investment; 100% Occupancy.
• National Credit Tenants; Dunn Edwards Paints and Sears Outlet (NASDAQ:SHLD).
• Excellent Historical Occupancy; Dunn Edwards Paints and Sears Outlet Have Been at the Subject Property for 20 Years.
• Tremendous Exposure and Visibility; Immediately Adjacent to a Freeway including Freeway Visible Monument Signage
• Traffic Counts of Approximately 225,000 Cars Per Day at the Exit.
• Recent Capital Improvements Including Paint, Roof and Parking Lot Resurfacing.
• Dense In-Fill Area
• Approximately 280,000 People Located within a 5-Mile Radius.
• Irreplaceable Location; Located at the a On/Off Ramp to a Interstate Freeway with Over 400 Feet of Freeway Frontage .
• Excellent Demographics
• Average Household Income in Excess of $76,000 within Three Miles of the Subject Property.
• Ample Parking with Approximately 230 Parking Spaces.
• Tremendous Exposure and Visibility
• Immediately Adjacent to a Freeway including Freeway Visible Monument Signage
• Traffic Counts of Approximately 225,000 Cars Per Day at the Vineyard Avenue Exit.
• Adjacent to the New 28-Acre, 386,000 Square Foot Kaiser Permanente Campus which Includes the Medical Center, Surgery Center and Medical Offices to be Completed September 2011.
• Strong Daytime Population with over 162,000 Employees within a 5-Mile Radius.
• Thu, 9 Jun 2011 07:07
Property #SHOP431. Request more information
• Strip Center - Anchored by 3 National Tenants
• Tennessee
• Property Type: Retail Strip Center - Multi Tenant
• Lease Type: At present all tenants lease their respective suites on a net leased basis with landlord reimbursement for the cost(s) and expense(s) incurred in operating
• and maintaining the building and its common facilities including, but not limited to real estate taxes, insurance, utilities, and the common areas.
• Tenants are of national credit.
• List Price: $2,216,000.
• Net Operating Income: $177,306
• Cap Rate: 8.00%
• Year Built: 1995
• Building Sq. Ft.: 7,281 square feet (approximate)
• Land Area: .64 acre site
• Parking Spaces: 30 parking stalls
• The subject property is an approximate 7,281 square foot, single story, multi tenant, retail center. The building was built in 1995 and is situated on a .64 acre site. The property is located directly across from a 1.1 million square foot Mall anchored by Dillard's, JCPenney, Macy's and Sears. The Mall area anchors the northern quadrant of this large city's retail arena. A 166,000 square-foot associated center, is located adjacent to the mall and is anchored by Target.
• This strip mall offering is currently one hundred percent (100%) leased to three (3) tenants of national credit. All tenants presently lease their respective suites on a true net leased basis with landlord reimbursement for the costs and expenses incurred in operating and maintaining the building and its common facilities including but not limited to real estate taxes, insurance, utilities, and the common areas. The property has excellent visibility off of Gallatin Pike North and is located on a hard corner with a lighted intersection. The intersection feeds the Mall entrance and the subject site.
• Thu, 14 Jul 2011 17:20:18
Property #SHOP430. Request more information
• Distressed Commercial Retail
• 16-Space, Newly Built Commercial Retail
• Location: North-Central California
• Year Finished: 2010
• Building Size: 44,451 Square/ Feet
• Parking Spaces: 293
• Spaces Leased out: 5
• Spaces Available: 11 for a total of 35,051 Square Feet.
• Monthly Income: $24,418.42
• Reason for Selling: Owner is in default with Bank
• Asking Price: $13.5MM or Best Offer
• Wed, 13 Jul 2011 12:35:20
Property #SHOP429. Request more information
• Bank-Owned Plaza For Sale
• Atlanta MSA
• 700,000
• 19,067 SF
• Highly Motivated Seller
• Below Replacement Cost - $37 psf
• 98,000 Residents within 3-Mile Radius
• Includes 3,200 sf Fully-Equiped Restaurant
• Opportunity to Lease Vacant Space or Sell Individual Condo Units
• Wed, 13 Jul 2011 14:44:38
Property #SHOP428. Request more information
• 7-Eleven Anchored Strip Center
• Washington DC MSA
• Below Market Rents
• Very Rare 50% below market rent in Northern Virginia
• Asking price - $5,477,611
• Cap rate 8.5%
• Two adjacent buildings
• 7-Eleven rent to sales 5.5%
• 100% occupied with average tenancy of over 9 years
• 47,000 +/- sq ft total
• NOI annually: $456,590
• Land: 1.91 acres
• Wed, 13 Jul 2011 06:08:09
Property #SHOP427. Request more information
• Dollar Tree & Shops | All Credit | Wal-Mart Anchrd
• California
• Price: $5,175,000
• Net Operating Income: $375,091
• Cap Rate:7.25%
• Gross Leasable Area: 23,130 sf
• Year Built:2008
• Land: 4.12 acres
• Newly Built 100% Occupied Retail Center w/ Strong Tenant Line Up: Dollar Tree, Subway, Sprint, Great Clips, AT&T, Goin Postal and More
• Part of the Most Dominant Center in the Trade Area, Co-Anchored by: WalMart, Stater Bros, JC Penney, Payless Shoes, Jack in the Box and More
• Close To The Largest Marine Base in the US w/ Over 9,000 Stationed
• Below Replacement Cost / Low Rent Basis Investment: Property is Being Offered Below Replacement Cost With a Low Rent Basis of $1.43 PSF
• Newly Built Property w. No Deffered Maintenance - 2008 High Quality Construction
• Favorable Loan Available Yielding an Investor a Strong Cash on Cash Return of Over 8%
• Date: 12 Jul 2011 15:38:50
Property #SHOP426. Request more information
• Anchored Community Shopping Center
• Florida
• Purchase Price: $9,000,000
• Cap Rate: 8.05%
• Property Type: Shopping Center
• Rentable Square Feet: 49,200
• Price per RSF: $182.93
• Number of Tenants: 12
• CALL FOR OFFERS - SEPTEMBER 2 2011
• Beautiful, newly constructed community center that is shadow anchored by Wal-Mart and Sam's Club.
• The property has excellent frontage on a major artery right next to the a Mall
• HH Gregg HGG(NYSE), the anchor tenant currently operates 180 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina,Tennessee and Virginia.
• Cash on Cash Return - In place income - 12.42%
• Cash on Cash Return After Principal Reduction - 18.73%
• 6 year average Cash on Cash Return - 16%
• IRR - 27%
• Return On Investment - Year 3 - 130%
• Occupancy - 95%
• Economic Vacancy - 4%
• Lot Size - 5.45 Acres
• GLA - 49,200 SF
• Year 1 cash flow includes rent increases during 2011
• Property taxes increase after disposition - included
• Rent increases are based on actual leases
• Expense reimbursements collected based on actual leases
• Reimbursement overage is paid back to tenants in 2013
• Proposed financing is based on current estimates from
• Wells Fargo and other lenders
• Date: 12 Jul 2011 12:47:40
Property #SHOP425. Request more information
• Off-Market Retail/Office Lifestyle Center
• Texas
• Gross Leasable SF: 40,000
• Class A construction
• 95.4% leased (seller will master-lease vacancy for 1-year)
• Offered at 8.5% cap rate
• Sales price is $7,600,000
• Tue, 12 Jul 2011 12:37:27
Property #SHOP424. Request more information
• Off-Market Two tenant facility
• Texas
• AT&T / Chipotle - corporate leases
• 10-year leases with options - 10% bumps at year 5
• Leases commence approximately August 15, 2011
• City location has a population of approximately 100,000 residents
• A+ location
• Leases are at $37.00 PSF and $35.00 PSF
• $2.9M price is 7.12% cap rate
• Tue, 12 Jul 2011 12:37:27
Property #SHOP423. Request more information
• Strip Center
• Florida
• Price:$6,618,000
• Net Operating Income: $562,530
• Cap Rate:8.50%
• Gross Leasable Area: 91,631 sf
• Anchored by Winn Dixie, Peeples, and Bealls Outlet.
• Located in a Highway adjacent to Wal-Mart Supercenter. The property faces th Highway on a hard corner with traffic signal access.
• Date: 12 Jul 2011 10:22:30
Property #SHOP422. Request more information
• IHOP & Mattress Firm Strip Center
• North Carolina
• Price:$3,000,000
• Net Operating Income$240,000
• Cap Rate:8%
• Gross Leasable Area: 8,000 sf
• Land:1.26 acres
• IHOP & Mattress Firm two tenant strip center
• The asset is currently under construction with long term leases in place.
• IHOP is being operated by an experienced franchisee who operates 42 units, and is on a 15 year lease.
• Mattress Firm has signed a 10 year lease and is a corporately operated store.
• The Property is across the street from Lowe' s and in close proximity to many national retailers.
• Area tenants include Wal-Mart, Lowes, Best Buy, Gander Mountain, Target and several others.
• This is a unique opportunity for an investor to acquire an 100% leased center with10 years of cash flow in place and minimal management responsibilities.
• Date: 11 Jul 2011 14:20:35
Property #SHOP421. Request more information
• Retail Center
• Texas
• Price: $1,246,411
• Net Operating Income: $112,177
• Cap Rate: 9%
• Gross Leasable Area: 11,900 sf
• Year Built:2006
• Land: 1.32 acres
• SHERWIN WILLIAMS, SNAP FITNESS, CHECK N GO, VERIZON WIRELESS, DONUT SHOP. New retail center fronting Loop @ Hwy next to Walmart Supercenter. Exising income is 9% cap, but full occupancy proforma to 10.25%. Below replacement cost price. Sherwin Williams recently extended for 5 more years. Vacant space in white box condition, ready for occupancy.
• Excellent location in retail corridor. Near Wal-Mart & regional hospital. Lots of traffic on the Loop & Hwy. Adjacent to Exxon / Whataburger. Other retail on Loop include Wal-Mart, CATO Fashions, Gamestop, Subway, Shoe Show, Radio Shack, Bealls, Brookshires Grocery, Sonic, Pizza Hut.
• Date: 9 Jul 2011 07:13:39
Property #SHOP420. Request more information
• 8 Commercial Condos in Plaza
• Florida
• Price: $1,499,000
• Building Size: 7,348 sf
• Year Built: 1984
• Condo Plaza on Busy US Highway
• 261 Feet of US Highway Frontage
• High Visibility Signage
• Highly Desirable Retail Location
• Major National Brands in Area
• Located in a highly desirable and highly visible location
• Plenty of parking. In 2010, the average annual daily traffic passing this plaza was 42,500 cars! The plaza currently has 12 commercial condo units, with 8 of those being available for sale as a package or as individual units. Three of the units are currently built out as a restaurant with all necessary equipment (equipment available separately). 50% of the 8 available units are currently leased, with the remaining 4 units in the plaza outside of the 8 units being leased as well.
• Date: 8 Jul 2011 11:01:55
Property #SHOP419. Request more information
• Houston Plaza
• Texas
• Price: $4,730,000
• Net Operating Income: $461,502
• Cap Rate: 9.36%
• Gross Leasable Area: 50,537 SF
• Year Built: 1993
• Land: 6.27 acres
• Date: 8 Jul 2011 10:13:07
• Date: 8 Jul 2011 10:07:53
Property #SHOP418. Request more information
• Shopping Center
• Texas
• Price: $11,195,000
• Net Operating Income: $1,063,525
• Cap Rate: 9.50%
• Gross Leasable Area: 91,078 SF
• Land: 4.73 acres
• Fee simple interest in this Shopping Center, a 91,078 sq/ft neighborhood shopping center located at the key intersection of a major U.S. Highway and a major FM. The project is currently 100% leased and occupied. Located in a city that has long been known as a very friendly-oriented bedroom community, located about 15 miles from Houston' s CBD. The center is anchored by the well-known national furniture retailer, Ashley Furniture. Other national tenants include Chili' s, Souper Salad, and Popeye' s Chicken.
• The shopping center is located at the retail hub the city with highway frontage. This main North-South interstate highway has more than 200,000 vehicles a day passing by the shopping center. One of Houston areas first and most well-established master-planned communities is located a few miles from this property. Over the years, this city has attracted an upper-income level population. Nearly 500,000 people live within five miles of the shopping center.
• Fri, 8 Jul 2011 11:39:51
Property #SHOP417. Request more information
• Community Shopping Center - Portion
• California
• Price: $1,200,000
• Net Operating Income: $84,000
• Cap Rate: 7%
• Building: 10,930 sf
• Land: 0.92 acres
• Portion of a larger Community Shopping Center located on the main east-west arterial of the City. Two tenants occupy the main building with a kiosk tenant out front. Radio Shack and Sherwin-Williams Paints have been long standing tenants in this well established center and have recently renewed their leases. Center also anchored by SaveMart Grocery store and Umpqua Bank. Seller is resurfacing parking lot in July.
• Fri, 8 Jul 2011 09:14:21
Property #SHOP403. Request more information
• Former Starbucks/T-Mobile PRICE REDUCED
• Illinois
• Price: $2,408,000
• Net Operating Income: $228,771
• Cap Rate: 9.5%
• Gross Leasable Area: 5,407 sf
• Land:1.19 acres
• Starbucks: Former location still paying rent for 7 years.
• The world's #1 specialty coffee retailer, Starbucks has more than 12,000 coffee shops in more than 35 countries. The outlets offer coffee drinks and food items, as well as beans, coffee accessories, and teas. Starbucks owns about 7,100 of its shops, which are located in about 10 countries (mostly in the US), while licensees and franchisees operate more than 5,300 units worldwide (primarily in shopping centers and airports). The company also owns the Seattle's Best Coffee and Torrefazione Italia coffee brands. In addition, Starbucks markets its coffee through grocery stores and licenses its brand for other food and beverage products. Year-end 2006 sales of $7.8 Billion.
• T-Mobile:
• T-Mobile USA is a national provider of wireless voice, messaging, and data services capable of reaching over 268 million Americans where they live, work, and play. Around the country, our Personal Coverage Check gives customers a clear picture of their local coverage. T-Mobile USA is the US operating entity of T-Mobile International AG & Co., the mobile communications subsidiary of Deutsche Telekom AG & Co. K.G. (NYSE: DT).
• The site is located in front of the a Wal-Mart Supercenter and is only ½ mile to two Interstate Highways.
• Thu, 7 Jul 2011 11:00:09
Property #SHOP416. Request more information
• Verizon Wireless Retail Center
• Minnesota
• Tenants: Verizon Wireless, Smashburger, SportsClips
• Location: Eden Prairie, MN (Mpls Suburb)
• Price: $2,758,480
• Cap Rate: 8.75%
• Demographics (5-mile):
• Population - 147,416
• Average HH Income: $116,216
• Near Major Retail Center including 1.1 Million Square Foot Super Regional Shopping Center southwest of the Twin Cities.
• Ranked #1 on Money Magazine 2010 list of 100 Best Places to Live in America!
• Thu, 7 Jul 2011 08:50:25
Property #SHOP415. Request more information
• Income Property ....Retail Center
• Arkansas
• $200,000 Below Appraisal
• Two fully leased retail centers for sale.
• Priced $200,000 below appraisal and starting at $895,000 with a 9+ CAP.
• Great location, fully leased, near mall, great upside potential.
• Date: Tue, 5 Jul 2011 10:17:07
Property #SHOP414. Request more information
• Grocery-Anchored Center
• North Carolina
• Self-Amortizing Debt Available
• Price: $3,700,000
• Net Operating Income$326,443
• Cap Rate:8.82%
• Gross Leasable Area: 42,200 sf
• Currently 100% leased with the majority being NNN in nature.
• At 29,000 SF Food Lion anchors the center until July 2017 with multiple 5 year option periods.
• In January of this year Food Lion spent over $1 million to remodel their store at their own expense.
• This is a strong opportunity for an investor to come in and benefit from a modest 4.30% cash on cash return while paying down the current self-amortizing debt on the property.
• Should Food Lion exercise it' s first 5-year option period in July 2017, the new owner will benefit from cash flow of an 100% occupied center with an S&P rated anchor tenant unencumbered by debt.
• With a population of 341,363, the city's metropolitan area is one of the largest in the state.
• Tue, 5 Jul 2011 10:08:39
Property #SHOP413. Request more information
• Anchored Center
• Florida
• Price:$8,815,000
• Net Operating Income: $749,268
• Cap Rate:8.50%
• Gross Leasable Area: 155,270 sf
• Occupancy:100%
• Year Built: 1994
• Land: 18.16 AC
• NOI: $749,268 (in-place)
• Price per foot: $56 / ft
• 100% NNN Leased
• 20 years remaining on new anchor tenant lease
• Located adjacent to Walmart Supercenter
• Approximately 3,500 sf of additional buildable space on undeveloped 1/2 acre outparcel
• The Property has an in-place Net Operating Income of $749,268 and is being listed for sale at an asking price of $8,815,000, which equates to an 8.50% cap rate and only $56 per square foot.
• The Property is 100% occupied with NNN leases and is anchored by Winn Dixie and Bargain City.
• This shopping center was originally built in 1994 with significant renovations (approximately $2.0 million) done in 2009 / 2010.
• Winn Dixie has been a tenant at this shopping center since 1996 and has more than five (5) years remaining on their original lease term.
• The Bargain City and Self Storage space will be Master Leased by Bargain City LW, LLC with 20 years remaining on the base term of the lease and 10% rent escalations every five (5) years.
• Upon the Closing of this transaction, the lease will come with a personally guarantee for three (3) years in addition to providing a $500,000 (one (1) year' s base rent) security deposit.
• The Subject Property is located adjacent to a Walmart Supercenter which is a very popular destination location for Lake Wales residents and draws a significant amount of retail traffic to the immediate area. In addition, other major neighboring retailers include Walgreens, CVS, Tractor Supply, Family Dollar, McDonalds, Wendy' s, TD Bank and Bank of America.
• Sat, 2 Jul 2011 04:31:18
Property #SHOP412. Request more information
• Vacant Mall
• Georgia
• Sales Price: $53 Million
• Acreages: 78
• Leasable Sq Footage: 800,000
• The seller may entertain owner financing with 22M down.
• The property was recently in contract to sell to a Japanese company, but then the earthquake happened and company backed out.
• Thu, 30 Jun 2011 18:36:55
Property #ST1033. Request more information
• Beautiful new shopping center
• Ohio
• Built in 2008 with great signage
• Five mile radius population of 135,555
• GLA: 34,000 SF
• Great signage on Bypass SR 4
• New construction
• Build-to-suit available
• New parking
• Located just south of the City in a developing area of town
• this new center is ideally suited to take advantage of increasing traffic flows and residential patterns.
• This is a vibrant and growing community area and is need of shopping opportunities.
• Wed, 22 Jun 2011 16:10:23
Property #SHOP411. Request more information
• McDonald's Anchored Retail Corner
• Illinois
• Price: $4,000,000
• Net Operating Income: $300,000
• Cap Rate: 7.50%
• Building: 11,821 sf
• Land: 2.67 acres
• The tenants of this corner include
• McDonald's - Corporate Ground Lease
• Enterprise Corporate NN Lease
• State Farm - Franchise NN Lease
• Dunkin Donuts - Franchise NN Lease
• Jimmy Johns - Franchise NN Lease
• Date: 28 Jun 2011 14:53:09
Property #SHOP410. Request more information
• Autozone Center
• Price:$2,950,000
• Net Operating Income: $250,750
• Cap Rate: 8.50%
• Building Size:15,100 sf
• Year Built: 1991
• Land: 62,683 sf
• Tennessee Autozone Center is a 15,100 s/f multi-tenant retail center positioned on a 62,683 s/f lot.
• This Three Tenant Retail Center was built in 1991 and the roof was recently replaced in the past 2 years.
• The center is anchored by Autozone, a BBB+ Credit Rating Company, the 2nd tenant is occupied by Baptist Medical Center. The 3rd unit is vacant. Additionally there are 50 parking spots. All the leases are NNN.
• The property is directly across the street from a Super Wal-Mart and Super Target and is located in a middle class suburb of Memphis. There are over 70,000 car traffic count daily with plenty of parking at the property. North of the property is a recently renovated Schnuks center which had over 3 million dollars in improvements. It is just off the intersection of Trinity Road, a very high traffic corner. Both North and South Highways are 4 lane highways.
• Date: 28 Jun 2011 13:23:09
Property #SHOP408. Request more information
• Shopping Center
• Oregon
• Price: $25 Million
• Cap Rate: 7.14%
• Building Size: 164,797 SF
• Occupancy: 95%
• Anchors: Safeway, Bi-Mart, Dollar Tree
•
• Safeway and Bi-Mart Anchored Regional Center
• Favorable Assumable Financing
• Significant Barriers to Entry
• Less than 2 Miles from major University
• Pad Development Opportunity
• Rare Safeway Rent Increases
• The property is 95% occupied and ideally located on a Highway and serves a large trade area.
• This Shopping Center benefits from the lack of available sites within the trade area.
• Safeway's lease goes through 2020 and includes a 10% rent increase in 2015 and every 10 years thereafter.
• Opportunity to develop additional 12,500 SF building(s) at east end of property.
• Tue, 28 Jun 2011 13:36
Property #SHOP407. Request more information
• Two CONFIDENTIAL Florida Anchored Center Offerings
• Anchored Shopping Center
• Florida
• With over 19 acres of land
• Anchored by Winn Dixie, Walgreen
• All NNN leases.
• With a very large out parcel to be built and permits for the construction of 400 apartments.
• Over 90% occupancy.
• Located in the best part of the city
• 240,000 s.f. on a lot of over 17 acres
• The center has Winn Dixie, Walgreens, banks, Staples, etc.
• A very large out parcel may be built in front of the center and about 400 apartments are approved for construction in the back.
• The center faces one city block along this city's main commercial artery.
• Cap rate is only a bit over 5% but the upside of the property, location and the possibility of additional shopping center area and apartments compensates for it.
• Asking $90 million (negotiable).
• Publix-Anchored Center
• Florida
• Broward County.
• All NNN leases
• Over 80% occupancy.
• 102,786 s.f.of GLA on a 13+ acre lot.
• Anchored by Publix and Baptist Healtchare (A branch of Baptist Hospital)
• Completed in 2008
• The center is comprised of three buildings and even though it does not belong to the center's owner, it has a very large out parcel with a branch of Chase Bank.
• Asking price is $23 million.
• Cap rate is a bit over 6% with
• Mon, 27 Jun 2011 21:01:11
Property #SHOP406. Request more information
• Price Reduced - Sears 2 Tenant (Walmart Outparcel)
• Georgia
• Price: $1,900,000
• Net Operating Income: $171,200
• Cap Rate: 9.01%
• Building Size: 7,488 SF
• Year Built:1997
• Two Tenants Only - 100% Leased: Ease of Management
• Dominant Location: Best Corner in Mkt / Solid HH Income ($88,000)
• Credit Anchor: Sears (Nasdaq: SHLD, Market CAP: $8.62 Billion)
• 100% Leased: Orthodontist recently signed a new 10 Yr Lease
• Excellent Location: Outparcel to a Wal-Mart Supercenter
• High Traffic Counts: Over 55,000 cars per day combined
• Date: 27 Jun 2011 13:49:03
Property #SHOP405. Request more information
• Community Care Center
• Idaho
• Price: $2,550,000
• Net Operating Income: $204,518
• Building Size: 7,133 SF
• Cap Rate: 8%
• Year Built: 2008
• Land: 0.91 sf
• 100% Leased Through May 2018
• 2.5% Annual Rent Increases
• Community Care Personally Guaranteed by Operating Partners
• Costco Wholesale Out-Parcel
• Dense Retail Location Near Costco, Lowes, Ashley Furniture, WalMart, Walgreens, Burger King, McDonalds, Sonic, Red Lobster, Starbucks, Key Bank & More
• Traffic Counts Near the Subject Property Exceed 31K VPD
• Two-tenant strip with Community Care and Kiwi Loco Frozen Yogurt.
• This center is 100% leased through 2018 with annual rent increases.
• Positioned as a Costco Wholesale out-parcel, this site is perfectly located within less than a mile of 30+ National Retailers.
• The site also benefits from its close proximity and easy access to 2 major interstates and 1 major Highway
• Date: 27 Jun 2011 13:19:28
Property #SHOP404. Request more information
• Value Add Retail Center
• Washington
• Price: $24.79 Million
• In Place Cap Rate: 8.00%
• Current Occupancy: 62%
• Building Size: 174,031 SF
• Year Built: 1989/1993
• Parking: 767 spaces or 4.4/1000
• Located on a major hard corner of with Traffic Counts of 34,000 per day
• 24 Hour Fitness: 46,000 SF - Expires 7/31/23 (12.5% increases every 5; Next increase 8/13)
• Bartell Drugs: 14,892 - Expires 5/31/12 (Below Market Rent)
• Value add retail center located within the Seattle Metropolitan Market.
• The Property is located at the signalized intersection and a highly travelled Road and sits directly across from a Safeway anchored retail shopping center.
• The Property offers a rare opportunity to purchase a Seattle Metropolitan Market asset that is priced at a true 8.00% cap rate on in-place occupancy of 62% leaving an investor with the opportunity to enhance value through re-tenanting and/or re-positioning.
• Thu, 23 Jun 2011 17:33:33
Property #SHOP402. Request more information
• Starbucks/T-Mobile
• Illinois
• Price:$3,050,000
• Net Operating Income$221,125
• Gross Leasable Area:5,405 SF
• Building Size:5,405 SF
• Price/SF:$564.29
• Property Type:Retail
• Property Sub-type:Strip Center
• Additional Sub-types:Free Standing Bldg
• Street Retail
• Retail (Other)
• Property Use Type:Net Lease Investment with 7 years left on lease
• Cap Rate:7.25%
• Tenancy:Multiple
• Lot Size:1.10 AC
• Starbucks:
• The world's #1 specialty coffee retailer, Starbucks has more than 12,000 coffee shops in more than 35 countries. The outlets offer coffee drinks and food items, as well as beans, coffee accessories, and teas. Starbucks owns about 7,100 of its shops, which are located in about 10 countries (mostly in the US), while licensees and franchisees operate more than 5,300 units worldwide (primarily in shopping centers and airports). The company also owns the Seattle's Best Coffee and Torrefazione Italia coffee brands. In addition, Starbucks markets its coffee through grocery stores and licenses its brand for other food and beverage products. Year-end 2006 sales of $7.8 Billion.
• T-Mobile:
• T-Mobile USA is a national provider of wireless voice, messaging, and data services capable of reaching over 268 million Americans where they live, work, and play. Around the country, our Personal Coverage Check gives customers a clear picture of their local coverage. T-Mobile USA is the US operating entity of T-Mobile International AG & Co., the mobile communications subsidiary of Deutsche Telekom AG & Co. K.G. (NYSE: DT).
• Located in a Chicago suburb approximately 45 miles from of downtown.
• As of the 2000 census, the city had a total population of 106,221.
• A special census conducted in 2006 that was released on June 28, 2007 pegged the city's population at a certiϋed 142,702.
• The city is currently the fastest-growing city in the Midwest and the 12th-fastest-growing city in the United States among cities larger than 100,000 people.
• The site is located by the proposed Wal-Mart Supercenter, which also includes Advance Auto Parts, Chase Bank, Menard' s and Applebee' s.
• The site benefits from having signalized access at a major intersection.
• Date: 23 Jun 2011 12:20:38
Property #SHOP401. Request more information
• Starbucks/Chiro One
• Illinois
• Price: $1,882,000
• Net Operating Income: $136,445
• Cap Rate:7.25%
• Building Size: 5,217 sf
• Land: 31,401 SF
• Starbucks:
• The world's #1 specialty coffee retailer, Starbucks has more than 12,000 coffee shops in more than 35 countries. The outlets offer coffee drinks and food items, as well as beans, coffee accessories, and teas. Starbucks owns about 7,100 of its shops, which are located in about 10 countries (mostly in the US), while licensees and franchisees operate more than 5,300 units worldwide (primarily in shopping centers and airports). The company also owns the Seattle's Best Coffee and Torrefazione Italia coffee brands. In addition, Starbucks markets its coffee through grocery stores and licenses its brand for other food and beverage products. Year-end 2006 sales of $7.8 Billion.
• Chiro One Wellness Center:
• Chiro One Wellness Centers have been serving the Midwest since 1992. The practices were founded with the sole purpose of educating, treating and coaching families and individuals in how to lead an extraordinary life of health and wellness. With 60 locations throughout Illinois and Kentucky.
• Imagine, from the moment you walk into our practices, you can have peace of mind knowing that you are being cared for by the most qualified and trained Chiropractic
• The subject property is located just off a major corner.
• The VPD counts are 17,900 and 39,500 VPD.
• Date: 23 Jun 2011 12:02:10
Property #SHOP400. Request more information
• Chase Bank Anchored Strip Center
• New York
• Price: $5,500,000
• Net Operating Income: $360,000
• Cap Rate: 6.50%
• Building Size:16,000 sf
• Property Sub-type:Strip Center
• Three tenants
• JP Morgan Chase Bank 10 years lease expires in 2017 with three 5-year options (increase 10% in each option)
• Real estate management firm lease expire 2014 and increases 3% yearly
• Cell phone repair lease expires 2014 and increases 3% yearly
• Great investment
• Thu, 23 Jun 2011 11:26:20
Property #SHOP399. Request more information
• Shopping Center - Price Reduced
• Oregon
• Price: $6,600,000
• Cap Rate: 8.6%
• Building Size: 46,762 sf
• Occupancy:
• Anchors: Dollar Tree, Rent-A-Center, Shari's Restaurant
• 97 percent occupied
• Strong Shari's Sales Volume
• Dollar Tree Recently Exercised Their First Option 2 Years Early
• 13.13% Cash-on-Cash Yield
• High Historical Occupancy Level
• Minimal Short Term Lease Roll Over
• Favorable Assumable Financing
• Wed, 22 Jun 2011 14:32
Property #SHOP398. Request more information
• Dollar General - State 54 Liquor Store
• New York
• Price:$993,690
• Net Operating Income: $89,432
• CAP: 9.00%
• Building Size:12,614 sf
• Year Built: 2008
• The Property is a 12,614 2 tenant building adjacent to a Sav-Alot
• Leased to Dollar General and State 54 Liquor Store
• Located in Stow County and and the access point to the Finger-Lakes region.
• The site is located near a manufacturing facility for Phillips Lighting.
• Date: 21 Jun 2011 21:24:15
Property #SHOP397. Request more information
• Shopping Center
• Ohio
• Bldg Area: 293,630 sq. ft.
• Land Area: 37 Acres
• Lease Type: Reimbursable NNN
• Price: $7,900,000
• Yield: 10.49 (CAP)
•
• New leasing activity and renewals will add $82,859 to the NOI making this a 11.54% cap at ask
• Ownership is investing $300,000 in property upgrades
• A 50,800 sf former Kroger and 15,560 sf of vacant shop space are included with no pro-forma
• Neighboring tenants include Target Greatland, Kroger, OfficeMax, and BigLots!
• Property is one mile from a planned $400 million Casino
• The Sale includes a County Opportunity Center which has a AAA S&P credit rating
• $27.00 PSF
• Tue, 21 Jun 2011 15:22:57
Property #SHOP396. Request more information
• Strip Center
• Illinois
• Price: $1,425,000
• Net Operating Income: $128,250
• Cap Rate: 9%
• Gross Leasable Area:10,200 sf
• Land:1.25 acres
• Fully Leased Strip Center.
• Conveniently Situated in Growing Upper Middle Class Income Community with Strong Demographics.
• Excellent Dynamic Trade Area.
• Ample Parking.
• Low County Taxes.
• Priced to Sell at a True Great 9% Cap Rate!!!
• Date: 21 Jun 2011 12:13:42
Property #SHOP395. Request more information
• Upside Bank Owned Commercial/Retail
• Washington
• Price: $1.1 Million
• Build To Return: 12.20% (after lease-up costs)
• Price Per Foot: $48.82
• Building Size: 22,531 SF
• Year Built: 1970/2007
• Occupancy: 13%
• Low Price Per Foot - The property will be sold well below replacement cost, providing a competitive advantage over existing and future competition.
• Value Add Play: 12% "Build To" return after lease-up costs are incurred.
• 6 Years remaining on current Subway lease with 3% annual increases.
• Significant opportunity for an Owner/User to occupy a portion of the site
• 22,531 Square Foot Bank Owned commercial building located on a signalized corner
• The Property is located 2.5 miles east of downtown and less than a quarter mile north of a Interstate with traffic counts of over 100K/Day.
• Tue, 21 Jun 2011 13:44:55
Property #SHOP392. Request more information
• Shopping Center
• Alabama
• Price: $2,250,000
• Net Operating Income: $205,000
• Cap Rate: 9.10%
• Gross Leasable Area: 21,855 sf
• Year Built: 2000
• Land: 5.54 sf
• Approx. 9.1% Cap Rate.
• Annual Income - $205,000.
• 100% Leased.
• Alabama's No. 1 Tourist Destination.
• Over 30,000 VPD Traffic Count (AL DOT).
• Affluent Market.
• Date: 21 Jun 2011 03:34
Property #SHOP391. Request more information
• Chase Bank
• New York
• Price: $5,500,000
• Net Operating Income: $360,000
• Cap Rate: 6.50%
• Gross Leasable Area:16,000 sf
• Three tenants
• Chase bank 10 years lease expire in 2017 with 3 5 years option increase 10% each term
• Real estate management firm lease expire 2014 increase 3% yearly
• Cell phone repair lease expire 2014 increase 3% yearly
• Date: 20 Jun 2011 12:34
Property #SHOP390. Request more information
• Verizon Wireless and Mattress Firm Center
• Florida
• Price: $4,624,999
• Net Operating Income: $451,831
• Cap Rate: 9.75%
• Gross Leasable Area: 15,515 SF
• Year Built:2009
• Land: 1.62 acres
• Verizon Wireless is an S&P rated "A" investment grade credit.
• Mattress Firm is the third largest specialty bedding retailer in the U.S. with plans to expand.
• Mattress Firm rent increases in year 6.
• Landlord is responsible for roof and structure only.
• Both tenants have two five-year options with increases
• 9% cap pricing includes 2% management fee and roof and structure reserves.
• VERIZON WIRELESS AND MATTRESS FIRM two tenant NN lease prime retail center built in 2009. Both leases are corporate leases.
• The center is in a very busy retail location with a 60,000 car traffic count. The site is across the street from a Mall.The mall is 1,081,459 SF and anchored by Macy' s, Dillard' s, J.C. Penney and Sears. The property sits on an excellent location surrounded by many other national retailers and restaurants including Olive Garden, Red Lobster and Smokey
• Bones. This property is located between three affluent areas and boasts a trade area of 290,726 population within five miles.
• Date: 20 Jun 2011 12:13:39
Property #SHOP389. Request more information
• Shopping Center
• Georgia
• Price: $1,950,000
• Cap Rate: 10%
• Three Outparcel Buildings to Kmart
• 100% Leased
• Below Replacement Cost
• Highly Visible Location on Blvd. with 45,000 VPD passing in Front of Location
• Mon, 20 Jun 2011 14:30
Property #SHOP388. Request more information
• RETAIL CENTERS
• Arkansas
• INCOME PROPERTY
• Three retail centers located in Jonesboro Arkansas.
• 17,200 sq f...
..Asking $1,350.000
..Appraised Value $1,350,000
• 12,800 sq ft .
..Asking $ 695,000 NEW TO MARKET
• 9,600 sq ft
.. Asking $ 895,000
..Appraised Value $1,050,000
• Mon, 20 Jun 2011 10:19
Property #SHOP387. Request more information
• Walgreen's Drug Store and Third Federal Savings & Loan Bank
• Ohio
• $5,693,000 - 7.75% Cap
• Tenants: Walgreen Company / Third Federal Savings & Loan Association (TFSL)
• Location: In 2007 this city of ranked one of Money Magazine's "100 Best Places to Live in the Nation" and as one of Cleveland Magazine's "Best Suburbs".
• The city has a median household income of $86,903 and is located approximately 21 miles from Cleveland and 18 miles from downtown Akron.
• The subject property is a one-story building, located in the heart of downtown the city.
• The parcel on which the subject property is located is bordered by three roads.
• Adjoining the subject property is a single tenant retail parcel tenanted by Cash Advance.
• This adjacent parcel is not included in this offering.
• However, the property line separating the subject property from the adjacent parcel goes right through the common wall shared by TFSL and Cash Advance.
• Cash Advance pays CAM to the landlord of the subject property on a prorata basis.
• Tenant Credit: Walgreen's - S&P "A+" / Third Federal Savings & Loan Bank (TFSL) - 100% owned by TFS Financial Corporation (NASDAQ, "TFSL") with consolidated assets of $10.9 billion and stockholder's equity of $1.8 billion.
• Building Size: Walgreen's (13,905 SF) + TFSL (5,600 SF) = Total 19,505 SF
• Year Built: 1999
• Lease Type: NN (Landlord is responsible for roof, structure, painting, tuckpointing and cleaning, and structural portions of the entrance ways to the leased premises and to all utilities.)
• Lease Term: Walgreen's 20 Year Firm Term 09/01/99 - 08/31/19
• TFSL 10 Year Firm Term 09/01/09 - 08/31/19
• Options: Walgreen's - 40 Years / TFSL - None
• Annual Rent: Walgreen's 08/13/99 to 08/31/59 $342,900
• TFSL 09/01/09 to 08/31/10 $102,204
• Rent Increases: TFSL rent increases $1400 each year, for ten years, beginning 09/01/10
• NOI: $445,104 minus $3,901 ($.20/SF reserve allowance) = $441,203
• Financing: There is an assumable (1% fee), self-amortizing 1st Trust Deed, with an interest rate of 7.78%, payable $18,761 per month, with a loan balance of $1,440,000, as of 07/01/10. Due to an onerous prepayment penalty ($325,000 as of 07/01/10) this loan should be assumed.
• Note: Walgreen's has a first right of refusal purchase option.
• Sun, 19 Jun 2011 07:02:57
Property #SHOP386. Request more information
• Strip Center
• Couth Carolina
• Price: $1,275,000
• Net Operating Income: $83,513
• Cap Rate: 6.55%
• Gross Leasable Area: 7,200 sf
• Lot Size:1.10 AC
• 6-Unit Strip Center that is 100% occupied.
• Long-time tenants like Subway, Osbon's Cleaners and Herbal Solutions make this a great investment.
• There is some upside with 2 of the current tenants that are currently paying low rent on month to month leases.
• Subway is three more years as does Osbon's Cleaners.
• Great location in the heart of a residential area.
• Residents of high-end subdivisions drive by and stop at this Center daily.
• Food Lion and a Post Office anchor a Shopping Center of which this strip center is an out-parcel.
• Sat, 18 Jun 2011 19:51
Property #SHOP385. Request more information
• Sherwin Willams, Medical Professional Building and Billboard Income
• Louisiana
• Price: $990,000
• Net Operating Income: $73,260
• Cap Rate:7.40%
• Building: 9,075 sf
• The three leases produce gross income of: $95,848.56.
• Current annual expenses total $22.518.29, which includes Property Taxes, P&C insurance, Reserve, and a real estate/fee.
• Sherwin Williams: $61,350.00
• Eye Clinic: $31,498.56
• Bill Board: $3,000.00
• Sherwin Williams lease is for 10 years, with two five year options to extend.
• There is a 10% rent increase in year six.
• The current term started May 2010 and expires on April 30, 2020.
• The Eye Clinic lease expires November 30, 2016.
• Lease with Lamar Outdoor Advertising expires December 31, 2044.
• This property consists of two free standing buildings, including a ground lease with a national outdoor advertising company (billboard).
• The Sherwin-Williams building is approximatley 7,000 square feet and the medical professional building is approximatley 2,075 square feet.
• The area supports many big box, national retail tenants and small business.
• Excellent demographis and traffic counts.
• Date: 16 Jun 2011 11:15
Property #SHOP384. Request more information
• Bi-Lo Anchored Retail Shopping Center
• North Carolina
• Price: $5,250,000
• Building Size: 61,996 sf
• Cap Rate: 9.00%
• Year Built: 1993
• Land: 8.50 acres
• Fee simple interest in an approximately 61,996 sq ft Bi-Lo grocery anchored shopping center.
• This well located neighborhood retail center is anchored by Bi-Lo and Family Dollar which constitutes 82% of the GLA.
• Built in 1993, this attractive and well maintained brick and stucco center sits on 8.5+/- acres at a intersection just off I-85 and is located about 3:30 hours from Atlanta, 2 hours from Greenville, SC and less than 30 minutes from Charlotte, NC.
• Date: 16 Jun 2011 09:12
Property #SHOP383. Request more information
• Grocery Anchored Shopping Center
• Alabama
• Price: $2,861,000
• NOI: $257,491
• CAP: 9.00%
• Size: 60,750 sf
• Occupancy: 95%
• Annchored by Food World and Aaron's
• 84% of GLA Leased to National Tenants
• Food World Lease Guaranteed by C&S Wholesalers
• Very Strong Food World Rent-to-Sales Ratio
• Superior Lake Guntersville Location with excellent fundamentals
• Only 40 Miles from Huntsville, Alabama
• Seasoned Wal-Mart Supercenter Has Co-Existed Since 1999
• Solid Physical Quality Highlighted by 2002 Renovation
• The center is exceptionally positioned near a Lake - Alabama's largest recreational lake
• Located at a hard corner intersection of a Highway a major Road.
• The aesthetically pleasing shopping center is anchored by Food World (lease guaranteed by C&S Wholesalers) and Aaron's.
• A tribute to the strong location is the fact that every lease was either signed or renewed in the past two years - one of the most difficult economic periods of recent eras.
• This center presents investors with a rare blend of stable cash flow and lease-up opportunity.
• Combined with the center's strong tenants and minimal capital exposure, this center is poised to maintain a tremendous, long-term cash flow for years to come.
• Wed, 15 Jun 2011 19:01
Property #SHOP382. Request more information
• New NNN Retail Strip Plaza
• New Jersey
• Price: $4,000,000
• Net Operating Income: $340,000 NNN
• Gross Leasable Area: 12,000 sf
• Cap Rate: 8%
• Land: 12,000 S
• New strip center for sale 90% leased 12,000 sqft center single story with parking
• All infomation will be disclosed once confidentality agreement is signed call.
• Located in a high traffic state road excellent location with 6 out of seven NATIONAL TENANTS
• Date: 15 Jun 2011 09:34
Property #SHOP3805. Request more information
• Anchored Retail Center
• Idaho
• Price: $1.32 Million
• Cap Rate: 8.00%
• Building Size: 5,377 sf
• Year Built: 2004
• Occupancy: 100%
• NNN leases
• Stable occupancy with seasoned tenants
• Anchored by Starbucks and Subway since 2004
• 5,400 square foot, 100% occupied, Starbucks and Subway anchored retail center
• Ideally positioned adjacent to a Highway and three blocks from a Interstate
• Date: Tue, 14 Jun 2011 15
Property #SHOP378. Request more information
• Anchored Center
• Ohio
• HHGREGG ANCHORED (S&P: B+)
• 90% OCCUPIED
• $72 PSF
• Type: Multi-Tenant Retail
• GLA Size: 60,834
• Price: $4,400,000
• Cap Rate: 9.70%
• 60,834 square foot hhgregg (NYSE: HGG) Anchored Shopping Center.
• hhgregg (S&P: B+) occupies 42.08% of the shopping center and just renewed their lease for an another 5 years in 2010 with a 3% rental increase.
• hhgregg has occupied Colony Centre since 1999 and prior to that Sun TV occupied this space from inception.
• hhgregg operates as a specialty retailer of consumer electronics, home appliances, and related services.
• As of May 10, 2011, it operated 175 stores across the nation.
• 2010 Fiscal Year revenues were $1.53 Billion.
• The remaining tenant mix includes Farmers Insurance, Wilson Optical (Tenant since 1999), Citi Financial (Tenant since 1999), Creno's Pizza (17 Locations), Curves, Der Ver Ber Party Planning (Tenant since 1987 - 2 Locations), Mattress Mart (Tenant since 1986), Cambridge Home Health (30+ Locations) and Norman, Jones Enlow & Co. CPA (Tenant since 1992).
• The subject property is located on the main retail corridor in the city.
• Directly across the street is a Mall anchored by Sears, JC Penney and Elder Beerman.
• Other national retailers within 1/4 mile include Lowe's, Sam's Club, Wal-Mart, Home Depot, and Kohl's to name a few.
• Tue, 14 Jun 2011 10:50:30
Property #SHOP377. Request more information
• Waterfront Retail
• Southern California
• Prime Southern California coastal location
• Specialty mixed use project:
• ~350,000 square feet of retail
• ~440,000 square feet of office
• ~849 single-family and multi-family residential units
• 350 room Marriott and Hilton waterfront hotels
• 125 acres of parks and open space
• Various community/cultural centers
• High income area ($93,790 in a 1 mile radius)
• Value-add opportunity through leasing of the vacant space
• Rentable Square Feet: ~23,303 square feet
• Total Land Area: ~5.11 acres
• Percent Leased: 83% leased
• Pro Forma NOI - Year 2: ~$916,746
• Price:
• Pro Forma Cap Rate - Year 2: 8.73%
• Date: 13 Jun 2011 10:49
Property #SHOP376. Request more information
• Lender Owned. $12/sf. Bring all offers.
• Alabama
• Price: $5,495,000
• Gross Leasable Area: 442,000 sf
• Building Size: 442,000 sf
• Price Per Square Feet: $12.43!
• Land Ares: 37.40 acres
• Ideal Discount Mall/Farmer's Market/International Flea Market
• Ideal Medical Mall, with peripheral governmental, educational and civic uses
• 10% of Replacement Cost!
• High Traffic, Hard Corner intersection with excellent access and visibility
• Municipal Incentives -- Large Medical Tenants interested NOW to start negotiations
• Just down the street from the largest Hospital the city - a Baptist Hospital
• This Mall consists of 442,000 SF of contiguous space in an enclosed mall
• The Mall is located in a Interstate Corridor Improvement Zone, offering a variety of incentives for a Re Developer.
• Additionally, other incentives could be made available.
• There is substantial tenant interest from medical, government, office, and civic uses to occupy the existing structure and the property is ready to kick off a redevelopment in 2011!!
• A number of tenant inquiries have been received from health clinics, outpatient clinics, libraries, labs, an FQHC, educational uses, non-profit agencies, municipal and governmental tenants and others.
• The area immediately surrounding the Mall is a mix of established residential and commercial development.
• The traffic counts are very high - approaching 100,000 cars/day.
• The largest hospital in the city (Baptist) is located just down the street
• A large Insurance' s comapny's corporate HQ' s is directly across from the Baptist Hospital.
• A state community college is located directly across the street from the Mall.
• Centrally located at a intersection of a US Highway 231 and a major Boulevard
• This is an intersection that sees approximately 100,000 cars per day, one of the highest traffic counts in the State.
• This Mall has excellent highway access from major roadways including two Interstate Highways.
• Given the supurb multi state access, and extremely high traffic, **A DISCOUNT MALL** would do very well here.
• Mall is ready to be occupied by DISCOUNT RETAIL TENANTS.
• Potential for International Flea Market or Farmer's Market catering to multiple counties in Alabama. Perfect discount retail site.
• Date: 11 Jun 2011 16:41:21
Property #SHOP375. Request more information
• Power Center
• California
• New power center with strong national co-tenancy
• Prime Southern California Freeway Adjacent Location
• Strong Anchor Sales
• NNN Leases with Increases / Growing Income Stream
• Traffic Counts: Approximately 75,000 cars per day on Interstate
• Freeway Frontage: 1,755 Linear Feet
• Major Tenants: Home Depot (NAP), WinCo Foods (NAP), Circle K, Pacifi c Dental, Starbucks, Subway, Staffmark, Los Primos, Ono Hawaiian BBQ, Fantastic Sams, Postal Annex
• Year Built: 2007
• Land: 3.5 acres
• Price: $13,450,000
• Pro Forma NOI: $975,561
• CAP: 7.25%
• Single Tenant Pad Buildings:
• Building G (5,220 SF): Pacific Dental
• Building I (3,000 SF): Circle K
• Multi Tenant Buildings:
• Pad B (7,033 SF): Starbucks, Los Primos Mexican Food, Subway, Ono Hawaiian BBQ
• Shops 1 (5,600 SF): T-Shirt Outlet, Staffmark Holdings
• Shops 2 (8,150 SF): Preferred Realtor Associates, Fantastic
• Sams, 4G Wireless, Happiness Nails, Postal Annex+
• Recession Resistant Shopping Center
• No tenant turnover since the center opened and no current vacancy.
• Strong Anchor Sales
• Anchor tenant sales are above projections and strong, making this a dominant power center in the trade area.
• Date: 10 Jun 2011 13:06:16
Property #SHOP374. Request more information
• Pad Bldg to Target, JC Penny, Dick's Sporting Goods
• Wisconsin
• Pad Bldg fronting Target, JC Penny, Dick's Sporting Goods & Petsmart
• National / Credit tenants
• The dominant shopping center within the trade area
• Reail component to over $600 Million mixed use development
• Drive-Thru Concept for Starbucks
• High Growth trade area
• Price: $5,710,000
• Net Operating Income: $456,837
• Cap Rate: 8%
• Gross Leasable Area:17,440 sf
• Year Built: 2007
• Land:2.41 acres
• Pad Bldg fronting a Community Center Anchored by Target, JC Penny, Dick's Sporting Goods & Petsmart.
• National / Credit tenants.
• Ease of Management / only 9 tenants. Drive-Thru Concept for Starbucks.
• Pride of ownership / trophy real estate. High quality construction. Intrinsic real estate.
• The dominant shopping center within the trade area.
• Pad Bldg fronting Community Center Anchored by Target, JC Penny, Dick's Sporting Goods & Petsmart.
• Reail component to over $600 Million mixed use development to also incude Hotel, Hospital, 216 single family homes & 900 units for a senior care facility.
• High Growth trade area / Over 13% population increase trend.
• Fri, 10 Jun 2011 12:04:42
Property #SHOP373. Request more information
• Three (3) shopping centers for sale in southern Alabama
• Ranging from $2.5 to $ 8 Million.
• Occupancies range from 96% to 100%, and have done so for years.
• Cap rates are between 8% and 10%.
• We can provide rent rolls, P & L's, appraisals and pics upon request.
• Fri, 10 Jun 2011 08:00
Property #SHOP372. Request more information
• Grocery-Anchored Neighborhood Shopping Center
• California
• Price: $6,500,000
• Net Operating Income: $466,700
• Cap Rate: 7.18%
• Gross Leasable Area: 40,704 sf
• Building: 40,704 sf
• 90,435 square foot grocery-anchored neighborhood shopping center
• 40,676 square feet are included in the offering.
• Tremendous opportunity to significantly increase the value of the property by leasing the vacancy of 29%.
• High profile national and regional tenants include Fresh & Easy (NAP), AutoZone, Metro PCS, Kragen Auto (NAP), Check Into Cash, Papa Murphy' s Pizza, Subway, and Burger King (NAP).
• Fresh & Easy will be replacing Ralph' s as the anchor tenant to the center and is scheduled to open in the near future. Showing their commitment to the property, Fresh & Easy purchased the anchor building in December 2010.
• Excellent retail synergy from adjacent centers which include McDonalds, Starbucks, Kentucky Fried Chicken, The UPS Store, Food Source, Taco Bell, and 7-Eleven.
• High profile location with significant frontage
• Average household income in excess of $73,000 within a 3-mile radius.
• Located within one mile of a Airport, a growing general aviation and air cargo service airport
• Located at the heavily traveled intersection
• The center benefits from a dense residential population with over 84,262 and 207,410 people within a 3-mile and 5-mile radius and its close proximity to a Highway.
• Traffic Counts in Excess of 45,000 cars per day in front of the subject property.
• Less than one mile South of the Highway which receives an average of approximately 176,000 cars per day
• Seven ingress/egress points providing easy access to patrons
• Date: 9 Jun 2011 13:43:42
Property #SHOP371. Request more information
• Anchored Retail Center
• California
• Price: $1,900,000
• Net Operating Income: $191,140
• Cap Rate:10.06%
• Gross Leasable Area: 14,768 sf
• Building: 14,768 sf
• Land: 1.10 acres
• 14,768 Square Foot Retail Center Anchored by Allstate and Western Union.
• Opportunity to Convert Modified Gross Leases to NNN; 10.06% Pro Forma Cap Rate.
• Significant Upside Potential; 46% Occupancy and Below Market Rents.
• Well Below Replacement Cost; $129 Per Square Foot.
• Adjacent to one of the Busiest Intersections in the City
• Excellent Owner/User Opportunity.
• Located Near a High School and a Medical Center.
• High Growth Area; Thousands of Residential Units Under Construction and Planned in the Surrounding Area
• In Excess of 42,000 Cars per Day at the Intersection
• Excellent Demographics; Household Income of Approximately $82,000 within 1-mile and More than 370,000 People Located within a 5-mile radius.
• Date: 9 Jun 2011 13:08:07