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March 2015

03-31: Walgreens, Tuffy Auto, Retail Centers, Shopping Centers

Retail Center in Edinburg, TX: 12,025 SF retail center built in 2007 on over 1 ac lot in fast growing McAllen suburbs. Across from Walmart Supercenter. 92% NNN leased with good tenant mix including: Subway, Metro PCS and SuperCuts. NOI $236K/yr. $3.29M. 7.20% cap. Shopping Center in Crowley, TX: 26,158 SF brick & Stone construction shopping center built in 2003 on 2.54 ac lot in growing and high income Fort Worth suburbs. …Read More

03-30: Lonestar Steakhouse, MOB, Office Buildings, Shopping Centers

Shopping Center in Ocala, FL: 90,440 SF attractive shopping center built in 1993 on 15.76 ac lot anchored by Save-A-Lot grocery and Beall’s Outlet. Between Walmart Supercenter and Winn-Dixie Plaza. NNN lease with excellent tenant mix. NOI $756K/yr. $8.975M. 8.43% cap. Medical Office Building in Sicklerville, NJ: 12,665 SF recently renovated multitenant office building in growing and middle class Philadelphia suburbs. 100% leased. $2.1M. NOI N/A. Strip Center in Sanford, FL: 8436 SF strip center built …Read More

03-27: TJ-Maxx, Advance Auto Parts, Fast Auto & Payday Loans, VCA Animal Hospital, O’Reilly, Tire Rama, Mulligan’s Bar and Grill

Shopping Center in Katy, TX: 32,387 SF attractive retail center built in 2005 on 4.58 ac outlet to Walmart Supercenter in a fast growing and high income (AHI $107K/yr in 3 miles) Houston MSA. Good tenant mix include: Pizza Hut, State Farm, Subway and Payless Shoe Source, Dentist, Tutoring Center, China Buffet, Hair Salon and Nail Salon and more. 89% NNN leased. $585K/yr. Price: Best Offer, expected to trade at $8+M …Read More

03-26: Hooters, Family Dollar, Fresenius, Shopping Centers

Hooters in Columbia, SC: 5793 SF Sports Bar & Grill Restaurant built in 1998 on 1.31 ac lot on an off/on ramp of I-27. Adjacent to Columbiana Centre, Walmart Supercenter, Home Depot, and Lowes.  20-yrs absolute NNN corp lease with 10-yrs left. NOI $212K/yr with rent bumps every 5-yrs. $2.599M. 8.20% cap. Strip Center in Atlanta, GA: 6000 SF attractive strip center constructed in 2009 on .80 ac lot. 1010% NNN leased to …Read More

03-25: Walgreens, Retail Centers, Strip Centers

Retail Center in Queen Creek, AZ: 16,798 SF attractive retail center on 2.68 ac lot in a fast growing (851% pop growth since 2000) and high income (AHI $94K/yr in 3 miles) Phoenix metro. 100% leased to national and local tenants. NOI $306K/yr. $4.247M. 7.21% cap. Retail Center in Chicago, IL: 12,704 SF well maintained retail center built in 2005 on .51 ac lot along main corridor. 74% leased to five tenants. …Read More

03-24: Carsmetics; MOB; Retail Centers; Strip Centers

Retail Center in Houston, TX: 13,285 SF attractive retail center built in 2008 on 1.35 ac lot at a signalized corner location. On an off/on ramp of Hwy-8. 90% leased to six tenants. NOI $272K/yr. $3.4M. 8% cap. Strip Center in Appleton, WI: 15,957 SF fully renovated strip center. NNN leased with long term tenants. NOI $117K/yr. $1.55M. 7.56% cap. Shopping Center in Saint Petersburg, FL: 34,200 SF well maintained shopping center on …Read More

03-23: Famous Dave’s, Jiffy Lube, MOB, Shopping Center, Retail Centers

Shopping Center in National City, CA: 84,230 SF well kept shopping center on 6.74 ac lot anchored by Wrigley’s Supermarket at a hard corner location in Southern California. Close to Paradise Valley Hospital and I-805. 92% NNN leased. NOI $1.079M/yr. $15.5M. 6.96% cap. Neighborhood Center in Madera, CA: 134,833 SF shopping center constructed in 1992 on 13.51 ac lot anchored by Pak N Save Grocery (owned by Safeway). Shadow anchored by 118,963 …Read More

03-20: Fresenius; A Good Time Out; Golden Corral; La Petite Academy; MOB

AHI: Avg. Household Income.  National average is about $55+K/yr. NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid. NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses. NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only. MOB in Debary, FL: 24,000 SF 12-suites medical office building constructed in 2009 on over 4 ac lot in …Read More

03-19: MOB, La Petite Academy, Shopping Centers, Strip Centers

Retail Center in Richland, WA: 13,805 SF retail center built in 2007 on 1 ac lot at a signalized location in Kennewick suburbs. Close to Columbia Center Mall. 92% leased. NOI $199K/yr. $2.85M. 7.01% cap. Shopping Center in Sandy, UT: 51,914 SF well maintained in-line shopping center on over 7 ac lot at a major retail artery in high income (AHI $105K/yr) Salt Lake City MSA. Shadow anchored by Shopko and Smith’s Grocery.  Across from Home …Read More

03-18: Fresenius Dialysis Center, Famous Dave’s, Walgreens, Office Buildings

Office Building in Sacramento, CA: 14,333 SF Class-B multitenant office building on over 1 ac corner lot along major artery in growing and upper middle-class area. Close to Country Club Plaza and Kaiser Permanente. 93% leased. Actual NOI $122K/yr. $1.75M. 7% cap. Retail Center in Irving, TX: 30,512 SF retail center built in 1994 on nearly 2 ac lot in fast growing Dallas suburbs. Across from Irving Mall. On an off/on ramp …Read More