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April 2015

04-30: MOB, Shopping Center, Retail Center, Strip Centers

Retail Center in Southaven, MS: 15,900 SF attractive retail center built in 2007 on over 2 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 with good tenant mix. NOI $275K/yr. $3.5M. 7.87% cap. Shopping Center in Houston, TX: 73,440 SF well maintained shopping center on over …Read More

04-29: Jimmy John’s, Burger King, MOB, Mixed-use, Hooters Restaurant, Retail Centers

Jimmy John’s in Madison Heights, MI: 1540 SF Jimmy John’s Restaurant built in 2009 along busy corridor in Detroit metro. Adjacent to Universal Mall, with Marshalls, Burlington Coat Factory and Cinemark Movie Theater. Long absolute NNN lease with over 10-yrs left. NOI $61K/yr with 3% rent bumps every 2-yrs. $950K. 6.5% cap. Retail Center in Spring, TX: 12,000 SF attractive retail center on 1½ ac lot along major corridor in fast growing …Read More

04-28: Office Plaza, MOB, Retail Centers, Strip Centers, Office Complex

Retail Center in Union City, CA: 11,720 SF well maintained retail center on 1.44 ac lot at a signalized intersection in Northern CA. With easy access to I-880. 100% with mostly NNN leases. NOI $278K/yr. $5.5M. 5.07% cap. Shopping Center in Phoenix, AZ: 75,559 SF well kept neighborhood center on 5.69 ac lot anchored by Goodwill and Blast Fitness along a main artery. Close to Christown Spectrum Mall, 216-bed Phoenix Baptist Hospital and I-17. 83% …Read More

04-27: Fresenius, Inline Center, Car-X, Perkos Cafe, MOB, Shopping Centers

Below are the most commonly used acronyms: 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. Shopping Center in Fort Worth, TX:  17,332 SF Retail center built …Read More

04-24: Cancer Treatment Clinic, Office Buildings, Shopping Centers

Retail Building in Cincinnati, OH: 5700 SF fully renovated retail building on 1.29 ac outparcel to Bigg’s Place Mall and along main retail artery. Close to Eastgate Mall and I-275. 100% NNN leased to Firehouse Subs and Five Guys Burgers. NOI $122K/yr. $1.886M. 6.50% cap. Shopping Center in Columbus, OH: 38,837 SF shopping center on 3.85 ac lot along major artery shadow anchored by 42,000 SF grocery store. Close to I-71. 100% …Read More

04-23: La Petite Academy, Steak ‘N Shake, Retail Centers, Office building

La Petite Academy in Santa Fe, NM: 6600 SF well maintained day care facility on .66 ac lot in upper middle class area. Close to Walmart and Home Depot. 100% absolute NNN corp lease with over 4-yrs left. NOI $115K/yr. $1.358M. 8.50% cap. Strip Center in Fort Wayne, IN: 12,415 SF attractive strip center constructed in 2006 on nearly 2 ac lot. 100% NNN leased to American Mattress, Penn Station, Great Clips, …Read More

04-22: MOB, Office Park, Medical Complex, Retail Centers

MOB in Merrionette Park, IL: 57,305 SF multitenant office building on 6.80 ac lot in Chicago suburbs. Tenants include: Fresenius, Arbor Eye Center and Advocate Health. 100% NNN leased. $11.7M. 6.80% cap. Shopping Center in Perris, CA: 48,331 SF shopping center constructed in 1991 on over 5 ac lot in fast growing Riverside County. Across from new Super Walmart. With easy access to I-215. 100% leased to twenty-three tenants. NOI $723K/yr. $10.3M. …Read More

04-21: Burger King, Just Brakes, Starbucks Coffee, Malibu Steak and Seafood, California Family Fitness, MOB

Burger King in Phoenix, AZ: 3500 SF Burger King on .80 ac outparcel to Albertsons shopping center.  100% NNN lease with 3 yrs left.  NOI $94K. $1.461M. 6.5% cap. Retail Center in Milford, OH: 13,460 SF retail center on 2 ac lot in Cincinnati suburbs. Adjacent to Kroger supermarket, Meijer Superstore and Home Depot. 100% leased. NOI $277K/yr. $3.703M. 7.50% cap. Just Brakes in Cape Coral, FL: 4428 SF completely renovated auto center …Read More

04-20: Tuffy Auto, AGA, Dollar Tree, Retail Centers, Strip Centers

Retail Center in Kettering, OH: 9800 SF retail center built in 2007 on 2½ ac lot along busy artery in Dayton suburbs. 100% leased to 4 tenants: LaRosa’s Pizzeria, Ice Ice Smoothie, Drycleaner and Eclipse Coffee & Tea Shop. NOI $147K/yr. $1.75M. 8.4% cap. Strip Center in Orland Park, IL: 7000 SF well maintained strip center in high income Chicago suburbs with an AHI of $91K/yr in a 3 mile radius. Adjacent …Read More

04-17: Brakers Plus, Kiddie Academy, Mixed-use, Burlington Coat Factory

Retail Center in Katy, TX: 32,387 SF retail center built in 2005 on 4.58 ac outparcel to Walmart Supercenter in growing and high income (AHI $107K/yr in 3 miles) Houston suburbs. Between Katy Mills Mall and I-10. 89% NNN leased with excellent tenant mix. Actual NOI $585K/yr. $8.8M. 6.65% actual cap. Upside potential when fully leased. Retail Center in Stockton, CA: 15,314 SF retail center built in 2008 on 1.84 ac lot …Read More