04-14: Smart & Final, Dollar Tree, Arby’s, MOB, Office Building, Retail Center

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  1. Retail Center in Lawrenceville, GA: 20,869 SF eye-catching retail center constructed in 2010 on over 2 ac lot along main artery. In fast growing and upper middle class Atlanta suburbs. 100% leased to ten tenants. NOI $280K/yr. $3.412M. 8.21% cap.
  2. Smart & Final and Dollar Tree in Moreno Valley, CA: 39,268 SF two tenant retail center on 3.67 ac lot at a signalized intersection in growing Riverside County. 100% NNN leased to brand name tenants. NOI $407K/yr. $7.41M. 5.50% cap.
  3. Retail Center in Southaven, MS: 15,900 SF attractive retail center built in 2007 on 2.29 ac lot in growing Memphis suburbs. Close to Baptist Memorial Hospital-Desoto and I-55/69. Immediately surrounded by national retailers including Walmart Supercenter, Target, Home Depot, Marshalls, Petco, Office Depot, and Sports Authority. 100% NNN leased to Belhaven University, Ageless Men’s Health, Firehouse Subs, Batteries Plus, AAA, Sport Clips and Swankys Taco Shop. NOI $275K/yr. $3.5M. 7.87% cap.
  4. MOB in Winston Salem, NC: 10,584 SF Class-A multitenant medical office building completed in 2008 on 1.31 ac lot in a fast growing area. 83% leased to 2 medical tenants. Actual NOI $96K/yr. $1.2M. 8% cap. Upside potential when fully leased.
  5. Retail Center in Alpharetta, GA: 17,700 SF attractive retail center in affluent Atlanta suburbs with an AHI of $108K/yr in a 3 mile radius. NNN leased. NOI $270K/yr. $3.6M. 7.50% cap.
  6. Shopping Center in Urbandale, IA: 22,771 SF retail center built in 2001 on 3 ac lot in fast growing and high income (AHI $99K/yr in 3 miles) Des Moines suburbs. Outparcel to Super Target and Home Depot. Next to I-80/35. 86% NNN leased to 11 tenants including US Cellular, Great Clips, Game Stop, Quiznos, and Top Nails. Current NOI $239K/yr. $3.189M. 7.50% cap. Upside potential when fully leased.
  7. Office Building in Sandy, UT: 26,056 SF recently remodeled professional/medical office building in growing middle-class Salt Lake City suburbs. Close to Alta View Hospital and major power center with Walmart Supercenter. 93% leased. NOI $178K/yr. $1.98M. 9% cap.
  8. Retail Center in Englewood, CO: 13,258 SF attractive retail center built in 2001 on 1.47 ac lot in booming (1,906% pop growth since 2000) and affluent (AHI $110K/yr in 3 miles) Denver MSA. Close to I-25. 100% leased to six tenants. NOI $238K/yr. $3.275M. 7.28% cap.
  9. MOB in Chandler, AZ: 10,706 SF Class-B medical office building on 1.23 ac lot in Phoenix suburbs. Close to Chandler Regional Medical Center and Banner Desert Medical Center. 87% leased with only one vacant unit. Pro forma NOI $110K/yr. $1.4M. 7.90% pro forma cap.
  10. Arby’s in Muskegon, MI: 3,300 SF Arby’s Restaurant constructed in 2001 on over 1 ac outparcel to The Lakes Mall with over 76 stores. With easy access to Hwy-31. 100% absolute NNN lease with 7-yrs left. NOI $144K/yr with 1% annual rent increases. $1.999M. 7.25% cap.

(c) Transmercial 2015