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

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

(c) Transmercial 2015