02-27: MOB; Taco Bell; Shopping Center; Office Buildings

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  1. Shopping Center in Rancho Cordova, CA: 36,595 SF well maintained consisting of three buildings including 1670 SF freestanding Wienerschnitzel on 3.52 ac lot in growing middle class Sacramento suburbs. 85% NNN leased. Actual NOI $271K/yr. $4.05M. 6.70% cap.
  2. Shopping Center in San Bernardino, CA: 12,700 SF retail building and 7500 SF single-tenant restaurant constructed in 2005 on over 3 ac lot. Next to Costco and across from 130,421 SF Sam’s Club. Close to I-10. Some tenants include: Jimmy John’ s Gourmet Sandwiches, Pick Up Stix, Shogun, OneMain Financial, Luau Maui Hawaiian BBQ, and others. 100% NNN leased. NOI $572K/yr. $9.45M. 6.06% cap.
  3. MOB in Sacramento, CA: 13,615 SF Class-B single-tenant medical office building completed in 2007. With easy access to I-80. 100% leased to Sutter Medical Group. NOI $386K/yr. $5.95M. 6.50% cap.
  4. Strip Center in Hurst, TX: 26,383 SF well maintained strip center on 3 ac lot in Fort Worth suburbs. Adjacent to Super Target. Close to Hwy-183/121. 86% leased. Actual NOI $99K/yr. $1.2M. 8.32% cap. Upside potential.
  5. MOB in Tinley Park, IL, 15,500 SF Class-B multitenant medical office building on over 2 ac lot in upper middle class (AHI $83K/yr in 3 miles) Chicago suburbs. 48% leased to four tenants. Actual NOI $142K/yr. $2.5M. 5.7% actual cap. Vacant spaces are all built out for medical use. Upside potential.
  6. Taco Bell in Glendale, AZ: 1536 SF drive-thru fast food restaurant on .64 ac lot along busy corridor in Phoenix suburbs. 100% NNN lease with 4-yrs left to a strong franchisee with over 140 units. NOI $69K/yr. $963K. 7.25% cap.
  7. Retail Center in Cottage Grove, MN: 15,607 SF attractive retail center on nearly 2 ac lot in upper middle class Minneapolis suburbs with an AHI of $86K/yr in a 5 mile ring. Across from Kohl’s and next to Hwy-10. 77% NNN leased. NOI $176K/yr. $2.2M. 8% cap.

(c) Transmercial 2015

02-26: Rite Aid Pharmacy, Hereford Steakhouse, MOB, Office Building, Retail Center

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  1. Retail Center in Palmetto, FL: 9690 SF retail center built in 2007 on 1 ac lot in Tampa         suburbs. Shadow anchored by 215,000 SF Walmart Supercenter. With easy access to Hwy-41. 93% NNN leased to 5 tenants.  Current NOI $85K/yr. $1.1M. 7.82% actual cap. Upside potential when fully leased.
  2. Strip Center in Mount Pleasant, MI: 16,000 SF strip center on over 1 ac corner lot. 1/2 block from Central Michigan University campus.  Close to McLaren-Central Michigan Hospital. 100% NNN leased to AutoZone, Book Shelf, Party Store and Sewing Store. NOI $133K/yr. $1.62M. 8.22% cap.
  3. Retail Center in North Charleston, SC: 17,160 SF well maintained retail center on 1.39 ac lot. All units face busy corridor. 100% leased with national, regional and local tenants. NOI $135K/yr. $1.45M. 9.34% cap.
  4. Rite Aid in Mechanicsville, VA: 11,288 SF well maintained Rite Aid Pharmacy built in 1998 on 1.49 ac lot along main artery in growing and high income Richmond suburbs with an AHI of $111K/yr. Tenant has been at this location since 1998. Outparcel to Food Lion shopping center. 20-yrs NNN lease with 8-yrs left. NOI $164K/yr. $2.273M. 7.25% cap.
  5. Hereford House in Leawood, KS: 11,055 SF Steakhouse Restaurant on 1 ac outparcel to Town Center Plaza in high income Kansa City suburbs. Close to Menorah Medical Center. New 15-yrs absolute NNN lease.  NOI $254K/yr with annual rent increases. $3.512M. 7.25% cap.
  6. Shopping Center in Lithonia, GA: 48,400 SF attractive retail center constructed in 2002/2003 on 4.34 ac lot anchored by HHGregg in fast growing Atlanta suburbs. Adjacent to The Mall at Stonecrest and close to I-20. 100% leased to 3 tenants: HHGregg Appliances, Direct Furniture, and Pro Fit Fitness & Rehab. NOI $368K/yr. $4.565M. 8.10% cap.
  7. MOB in Walnut Creek, CA: 6938 SF Class-B multitenant medical office building on .49 ac lot in affluent (AHI $109K/yr) San Francisco metro. Across from 572-bed John Muir Medical Center. 100% leased. NOI $142K/yr. $2.3M. 6.18% cap.
  8. Office Building in Smithtown, NY: 20,000 SF well maintained four-story office building in high income New York suburbs with an AHI of $120K/yr in 1 mile radius. 95% leased with good tenant mix. NOI $210K/yr. $3M. 7% cap.

(c) Transmercial 2015

02-25: Grocery Outlet, MOB, Kiddie Academy, Strip Centers

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  1. Strip Center in Plainfield, IL: 8101 SF attractive strip center built in 2006 in along major retail artery in growing (274% pop growth) and affluent Chicago suburbs with an AHI of $138K/yr in a 3-mile ring. Shadow anchored by Kohl’s and Party City. 100% NNN leased to Sherwin Williams, Edward Jones, Kumon and Cleaners. NOI $140K/yr. $1.915M. 7.35% cap.
  2. Grocery Outlet in Escondido, CA: 19,033 SF well maintained Grocery Outlet on 1.49 ac lot on a commercial corridor in San Diego metro. Across from Walmart, Home Depot and Albertsons. Near Palomar Medical Center.  10-yrs NNN- corp lease with 9-yrs left to a regional tenant with 200+ locations and $1B in revenue.  NOI $267K/yr with a rent bump in 2018.  $4.452M. 6% cap.
  3. Retail Center in Lexington, SC: 11,273 SF retail center constructed in 2008 on 1.22 ac lot in growing and high income (AHI $85K/yr) Columbia suburbs. 100% NNN leased. NOI $212K/yr. $2.6M. 8.16% cap.
  4. MOB in Los Angeles, CA: 9440 SF Class-B multi tenant medical office building on .48 ac lot in a densely populated area. Across from Maravilla Light Rail Station. With easy access to I-710 and Hwy-60. 100% leased to nine long-term tenants. NOI $112K/yr. $1.88M. 6% cap.
  5. Shopping Center in Fort Myers, FL: 65,688 SF shopping center built in 2004 on over 14 ac outparcel to high volume Super Target along Hwy-41. 100% leased to Petco, Cost Plus World Market, Dollar Tree and TigerDirect.com. 6.75% cap. NOI/Price N/A.
  6. Office Building in Phoenix, AZ: 46,523 SF Class-B four-story office building on 1.61 ac lot at a signalized corner location. Adjacent to Los Ninos Hospital.  Close to Phoenix Childrens Hospital, Arizona Heart Hospital and Hwy-51. 86% leased to multiple tenants. $4.2M. NOI N/A.
  7. Kiddie Academy in Carpentersville, IL: 9000 SF child care learning facility built in 2009 on over 1 ac lot in high income Chicago metro with an AHI of $100K/yr. Close to Spring Hill Mall. 100% NNN lease with 12-yrs left to a strong franchisee with over 130 units. NOI $184K/yr. $2.46M. 7.50% cap.

(c) Transmercial 2015

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

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  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

02-23: Retail centers, Starbucks, Kmart, Tire Kingdom, VA clinic

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  1. Strip Center in Las Vegas, NV: 7769 SF strip center built in 2006 on 1.2 ac lot in fast growing & high income SE of Las Vegas (1300% since 2000!).  Next to CVS, Sonic, Jiffy Lube, and Carl’s Jr.  100% leased to 6 tenants.  NOI $138K/yr. $2M. 6.91% cap.
  2. Starbucks in San Angelo, TX: 1527 SF Starbucks built in 2003 on .3 ac corner lot.  Starbucks recently spent $300K to renovate the building and renew lease for 10 more yrs.  NOI $69K/yr. $1.155M. 6% cap.
  3. Kmart in Arvada, CO: 105,000 SF retail center consists of Kmart and Goodtimes Burger on a major artery in Denver metro.  100% leased with 8 yrs left.  NOI $458K/yr. $5.9M. 7.77% cap.
  4. Tire Kingdom in Tampa, FL: 5900 SF auto service center on .64 ac lot on a major artery.  100% corp lease with 4 yrs left to TBC Retail Group with 1400 locations. Tenant haw been here since 1984.  NOI $91K/yr. $1.31M. 7% cap.
  5. Shopping Center in Schenectady, NY: 59,919 SF shopping center on 6.12 ac lot in Albany metro. Anchored by 15,939 SF Aldi grocery, a discount supermarket chain with 9000 locations in 18 countries.  Other tenants include Dominos, Hertz, Autoparts Int’l, CDTA, Emptees Recycling, Sung Feng Chinese Restaurant.  NOI $202K/yr. $2.25M. 9% cap.
  6. VA Outpatient Center in Denton, TX: 9519 SF medical office building on 1 ac lot in a city North of Dallas.  100% leased to U.S. Department of Veteran Affairs with 5 yrs left.  NOI $175K/yr. $2.338M. 7.5% cap.

 

(c) Transmercial 2015

02-20: Retail centers, Office Building, Meineke

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  1. Shopping Center in Bradenton, FL: 12,569 SF shopping center built in 2004 on 1.44 ac lot in high income (AHI of $83K/yr) Tampa suburbs.  Excellent visibility with all units facing SR70.  100% NNN leased to 6 good tenants: AAA Auto, UPS Store, Supercuts, Subway, Nail Salon, and Michelangelo Pizza.  NOI $226K/yr.  $3.25M. 6.9% cap.
  2. Shopping Center in Bradenton, FL: 11,000 SF retail center built in 2002 on 1.67 ac corner lot in high income (AHI $96K/yr) Tampa suburbs.  100% NNN leased to 7 tenants.  NOI $216K/yr.  $3.1M. 6.9% cap.
  3. Shopping Center in Heron Creek, FL: 15,600 SF strip center built in 2006 on 1.6 ac lot in Fort Myers.  Shadow anchored by Walgreens. 92% NNN leased to 6 tenants including: Beef O’ Bradys,  Great Clips, Cocoberry Frozen Yogurt, State Farm, Animal Hospital, Liquor Store.  NOI $227K/yr. $3.15M. 7.2% cap.
  4. Office Building in Bridgeport, CT:  21,000 SF 3-story office building on .48 ac lot.  100% leased to 2 tenants: day care center and a nursing school.  NOI $105K/yr. $1.25M. 8.77% cap.
  5. Meineke Auto Center in Henderson, NV: 4200 SF auto service center with 9 service bay and a cash wash bay built in 2005 on .59 ac lot in high income (AHI of $87K/yr) Las Vegas metro.  100% leased to a franchisee since 2005 with 9 yrs left.  NOI $123K/yr with rent bumps.  $1.545M. 8% cap.
  6. Retail Center in Fredericksburg, VA:  20,000 SF retail center on 2.5 ac lot as part of a 75-shop power center anchored by Target, Marshalls, Cost Plus World Market, Staples, Dick’s Sporting Goods, Joanne Fabrics, Kohls, and Petsmart.  Easy access to I-95.  100% NNN leased.  NOI $478K/yr. $6.495M. 7.36% cap.

(c) Transmercial 2015

02-19: Salvation Army, Burger King, Bank, Shopping Centers

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  1. Shopping Center in Jacksonville, FL: 96,127 SF well maintained shopping center anchored by 51,559 SF Winn-Dixie Grocery. All units face main retail artery. Close to Memorial Hospital and I-95. 86% NNN leased with good tenant mix. Actual NOI $462K/yr. $5.535M. 8.35% actual cap. Just $58/SF! Upside potential.
  2. Neighborhood Center in Amarillo, TX: 167,600 SF attractive shopping center built in 2008 on over 16 acres of land along I-40. Anchored by four notable tenants: Burlington Coat Factory, Mardel, Michaels and Petco. 97% NN leased. NOI $1.555M/yr. $19.43M. 8% cap. Buyer to assume $16.2M loan at 5.14% interest.
  3. Salvation Army in Milwaukee, WI: 16,709 SF attractive retail building on 1.55 ac lot at a signalized intersection. Adjacent to Menards Grocery, Target and Dollar Tree. New 10-yrs NNN lease with 9-yrs left. NOI $128K/yr with rent increases every 5 yrs. $1.84M. 7% cap.
  4. Burger King in Colorado Springs, CO: 2621 SF drive-thru fast food restaurant on .85 ac lot along major arty and at a prime corner location. 100% NNN lease to a strong operator with 27 units. NOI $120K/yr. $2M. 6% cap.
  5. Shopping Center in Palmdale, CA: 43,410 SF well maintained shopping center on over 4 ac corner lot in growing and upper middle class Southern California. Across from Palmdale Regional Medical Center and close to Hwy-14.  97% NNN leased.  NOI $588K/yr. $8.75M. 6.73% cap.
  6. Retail Building in Collierville, TN: 6650 SF retail building constructed in 2006 on .79 ac lot in affluent Memphis suburbs with an AHI of $131K/yr in a 3-mile ring. Across from Kohl’s, HomeGoods, Stein Mart and Kroger. 100% NNN leased to two tenants. NOI $116K/yr. $1.325M. 8.82% cap.
  7. Clifton Savings Bank in Fail Lawn, NJ: 6200 SF drive-thru bank on .63 ac lot at a signalized intersection in high income New York suburbs. Close to Garden State Plaza. 100% NNN lease with over 4-yrs left. NOI $96K/yr. $1.6M. 6% cap.
  8. Retail Center in Dallas, TX: 31,424 SF retail center on nearly 3 ac lot with excellent visibility along I-635. 92% NNN leased with good tenant mix. Actual NOI $326K/yr. $4.3M. 6% actual cap. Upside potential.
  9. Shopping Center in Cape Coral, FL: 46,745 SF attractive shopping center completed in 2010 on 3.6 ac lot along major retail artery.  Major tenant s include: Metro PCS, State Farm, Sears Home Center, Zoom Tan, Anytime Fitness and many well established local tenants. Near Publix Super Market and Lowe’s. 89% leased. Actual NOI $521K/yr. $7.299M. 7% cap. Upside potential when fully leased.

(c) Transmercial 2015

02-18: Family Dollar, Medical Condo, MOB, Retail Centers, Shopping Centers

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  1. Retail Building in Parma, OH: 46,700 SF Toys/Babies “R” Us and 1620 SF Mr. Hero on 4.71 ac lot in Cleveland suburbs. Adjacent to Giant Eagle Grocery and Target. Across from Walmart and The Shoppes at Parma Redevelopment. Close to Parma Medical Center. 100% NNN leased. NOI $316K/yr. $4.085M. 7.75% cap.
  2. Retail Center in South Milwaukee, WI: 27,483 SF retail center built in 2007 on 7.84 ac lot along busy corridor. Adjacent to Pick ‘n Save Center. 100% NNN leased to Aldi Food Store,Dollar Tree and Little Caesars. NOI $323K/yr. $4.62M. 7% cap.
  3. Family Dollar in Tucson, AZ: 8320 SF Family Dollar constructed in 2013 on nearly 1 ac lot in a fast growing middle class area. 10-yrs NNN- corp lease with 9-yrs left. NOI $114K/yr. $1.704M. 6.7% cap.
  4. Taco Bell in Las Vegas, NV: 1760 SF attractive drive-thru fast food restaurant along busy corridor. Across from Food 4 Less. 100% absolute NNN lease with 4-yrs left to a strong franchisee with 65-units. NOI $165K/yr. $2.248M. 7.36% cap.
  5. Retail Center in Mansfield, TX: 17,311 SF recently constructed retail center on 2.83 ac lot in fast growing and high income (AHI $96K/yr in 1 mile) Dallas/Fort Worth suburbs. With easy access to Hwy-287. 91% NNN leased. Actual NOI $242K/yr. $3.405M. 7.12% cap.
  6. Shopping Center in Chandler, AZ: 55,194 SF well maintained shopping center on 4.62 ac lot at a hard corner location. Across from Home Depot, Safeway and Staples. Close to Chandler Regional Medical Center. 81% leased with good tenant mix including: Anytime Fitness, Filiberto’s, Sweeties Candy, 360 Physical Therapy, Novacur Pin Center and EVDI Medical Imaging among others. 7% cap. NOI/Price N/A.
  7. Medical Office Condo in Chino Hills, CA: 3551 SF single-tenant  medical office condo constructed in 2009 on 1.80 ac lot in growing and prosperous San Bernardino County with an AHI of $125K/yr in 1 mile radius. Next to Albertsons and near Hwy-71. 10-yr NNN lease with 5-yrs left to a Yelp highly-rated medical tenant. NOI $86K/yr. $1.275M. 6.75% cap.
  8. Shopping Center in Saginaw, TX: 21,290 SF inline shopping center built in 2002 in fast growing and high income Fort Worth suburbs. Shadow anchored by Albertson’s and across from Walmart Supercenter. Good tenant mix: Fossil Ranch Dental, Fossil Creek Liquor, Sunshine Herbs Health Store, T-Mobile and Check ‘n Go. 82% NNN leased. 7.50% cap. NOI/Price Not Disclosed.
  9. Retail Center in Kendall Park, NJ: 11,111 SF well maintained retail center built in 2005 at a signalized corner location in affluent (AHI $103K/yr) New York MSA. NNN leased to multiple tenants. NOI $245K/yr. $3.5M. 7% cap.
  10. MOB in Fountain Valley, CA: 33,070 SF multitenant medical office building on 3 ac lot in densely populated and high income (AHI $91K/yr) Southern California. Across from 413-bed Fountain Valley Regional Hospital. 100% leased. NOI $600K/yr. $10M. 6% cap.

(c) Transmercial 2015

02-17: MOB, Zaxby’s, Kroger, Retail Centers

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  1. Shopping Center in Roswell, GA: 74,790 SF neighborhood center on 7.76 ac lot at a hard corner location in growing and high income (AHI $114K/yr in 5 mile ring) Atlanta suburbs. Renovated in 2004. Across from Power Center with Hobby Lobby, Big Lots, Dollar Tree and more. National tenants include: Auto Zone, Leslie’s Pool Supply, CiCi’s Pizza and Stoney River Legendary Steak. 98% NNN leased. Actual NOI $878K/yr. $10.985M. 8% cap.
  2. MOB in Phoenix, AZ: 31,600 SF two story medical office building along busy corridor and close to I-17. 78% leased by 15 medical & professional tenants. NOI $387K/yr. $5.16M. 7.51% cap.
  3. Zaxby’s in College Park, GA: 3311 SF franchised casual restaurant built in 2006 on over 1 ac outparcel to Walmart in fast growing Atlanta suburbs. Across from Kroger grocer center and close to Hwy-279. This is as sale/leaseback investment. New12-yrs absolute NNN lease to a strong franchisee. NOI $161K/yr with a 5% rent increase in yr 6. $2.308M. 7% cap.
  4. Neighborhood Center in Oklahoma City, OK: 102,757 SF well maintained shopping center constructed in 1994 on over 8 ac lot along major retail corridor. Next to 103,000 SF Walmart Neighborhood Market. Between Shepherd Mall and Oklahoma City University. 94% leased. NOI $782K/yr. $10M. 7.82% cap.
  5. Shopping Center in Tampa, FL: 45,353 SF well kept shopping center on nearly 6 ac corner lot in a high income area with an AHI of $87K/yr in mile. Adjacent anchored tenant include: Lowe’s, The Fresh Market, Bed Bath and Beyond, Petco, Publix, Stain Mart and Tuesday Morning. 100% leased to nineteen tenants. NOI $1.062M/yr. $14.5M. 7.33% cap.
  6. Strip Center in Mankato, MN: 7502 SF attractive strip center built in 1996 on 1.18 ac outlot to Hy-Vee grocery.  Across from 814,000 SF River Hills Mall with 95 stores. Close to Hwy-60. NNN leased. NOI $141K/yr. $1.942M. 7.30% cap.
  7. Kroger in Hendersonville, TN: 58,890 SF well performing Kroger grocery with fuel station on 5.26 ac lot in a growing and high income Nashville suburbs. Tenant has been at this location for over 30-yrs. Tenant pays very low rent. 100% absolute NNN corp lease with 7-yrs left. NOI $309K/yr. $4.718M. 6.55% cap.
  8. Retail Center in Rialto, CA: 25,352 SF well maintained retail center on 1.78 ac lot along main corridor in San Bernardino County. 100% NNN leased. NOI $270K/yr. $4.156M. 6.5% cap.

(c) Transmercial 2015

02-16: Rib Crib, Rite Aid, MOB, Mixed-Use, Retail Centers

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  1. MOB in Elmhurst, IL: 6780 SF well maintained medical office building constructed in 1998 on .40 ac lot in affluent Chicago suburbs with an AHI of $119K/yr in 1 mile. New 10-yrs NNN- corp lease with over 9-yrs left to Elmhurst Memorial Healthcare, one of the largest integrated health systems with 50 locations. NOI $132K/yr with 2.5% annual rent bumps after 2nd yr. $2.035M. 6.5% cap.
  2. Retail Center in West Palm Beach, FL: 12,460 SF well maintained retail center on .52 ac lot along main corridor. 100% leased to Vapor and Tobacco Shop, Tattoo Parlor and Bedding Store. NOI $107K/yr. $1.599M. 6.70% cap.
  3. Mixed-use in Cincinnati, OH: 25,600 SF Class-A office/retail building constructed in 2006 on 3.56 ac lot in growing and upper middle class area with an AHI of $80K/yr in 3 miles. Excellent tenant mix: medical, office and retail. Close to I-74/275. 86% NNN leased seven tenants. Actual NOI $295K/yr. $3.4M. 8.70% cap.
  4. Retail Center in Austin, TX: 11,154 SF well maintained retail center on .87 ac lot in a growing area. Close to Northcross Mall. 100% leased with mostly long-term tenants. NOI $157K/yr. $2.25M. 7% cap.
  5. Retail Center in Cumming, GA: 13,500 SF attractive retail center built in 2008 on 1.70 ac lot in booming (1,078% pop growth since 2000) and affluent (AHI $135K/yr in 1 mile) Atlanta suburbs. 76% leased. NOI $150K/yr. $1.795M. 8.36% cap.
  6. Strip Center in Littleton, CO: 10,000 SF strip center constructed in 2004 on 1.40 ac lot along busy retail corridor in affluent (AHI $108K/yr) Denver suburbs. On an off/on ramp to Hwy-470. 100% NNN leased to five tenants. NOI $208K/yr. $3.05M. 6.85% cap.
  7. Rib Crib in Norman, OK: 4480 SF Rib Crib Restaurant built in 2001 on 1 ac outlot to Regal Cinemas in upper middle-class area. Across from University Town Center anchored by T.J. Maxx ant Target. Close to Sooner Mall and with easy access to I-35. 15-yrs absolute NNN lease with 6-yrs left. NOI $123K/yr with 5% rent bumps every 5-yrs. $1.595M. 7.75% cap.
  8. Rite Aid in Greenville, SC: 13,813 SF well maintained Rite Aid Pharmacy on 2 ac lot in growing and high income (AHI $80K/yr) area. Across from Walmart, Kohl’s and Sam’s Club. Near I-385. 20-yrs absolute NNN lease with 8+-yrs left. NOI $326K/yr. $4.84M. 6.75% cap.
  9. MOB in El Paso, TX: 52,000 SF multi-tenant 4-story medical office building completed in 1995 on  1.11 ac lot across from Del Sol Hospital. Frontage on I-10. NNN leased to multiple tenants. NOI $679K/yr. $8M. 8.49% cap.
  10. Shopping Center in Hesperia, CA: 29,962 SF attractive shopping center built in 2007 on 3.21 ac lot along main corridor in fast growing San Bernardino County.  Major tenants include: 99 Cents Store, US Bank, Taco Bell and AT&T. 98% NNN leased. 6.74% cap. NOI & price N/A.

(c) Transmercial 2015