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 Depot and The Fresh Market Center. Near Alta Valley Hospital. Pro forma NOI $735K/yr. $9M. 8.17% cap.
MOB in Valhalla, NY: 25,118 SF Class-B multitenant office building on 1.31 ac lot in affluent New York suburbs with an AHI of $128K/yr in a 3-mile ring. 75% leased with a good mix of medical & professional tenants. NOI $352K/yr. $4.4M. 8% cap.
Mixed-use in Marlborough, MA: 13,245 SF Class-B office/retail center on .82 ac lot in growing and high income (AHI $93K/yr in 3 miles) Boston metro. 80% leased. NOI $163K/yr. $2M. 8.19% cap.
Retail Center in Southaven, TN: 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. 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.
Retail Center in Clinton, UT: 34,186 SF in-line retail center built in 1999 on nearly 3 ac lot at a hard corner location in growing and upper middle-class city North of Salt Lake City. Shadow-anchored Maceys Grocery & across from Lowe’s and Walmart. 72% leased. Pro forma NOI $494K/yr. $6.615M. 7.25% pro forma cap.
Retail Center in Olathe, KS: 16,139 SF attractive retail center constructed in 2004 on an outparcel to Lowe’s, Petco and Hen House Market in Kansas City suburbs. Across from Walmart Supercenter. 100% leased to six local & national tenants including Subway and Jose Peppers. NOI $262K/yr. $3.5M. 7.50% cap.
MOB in Bradenton, FL: 26,180 SF Class-A medical office building on 3.45 ac lot close to 294-bed Blake Medical Center. 90% leased to multiple tenants. NOI $323K/yr. $3.895M. 8.30% cap.
Strip Center in Alsip, IL: 11,238 SF well kept strip center in upper middle class Chicago suburbs. All units face main road. Tenants include: Country Pantry, Alsip Cleaners, Hair Salon, Nexus Staffing, Bakery, Barber Shop and Poor Dog Restaurant. NOI $147K/yr. $1.55M. 9.50% cap.
La Petite Academy in Albuquerque, NM: 6800 SF well maintained day care facility on .65 ac lot in growing (55% pop growth) and upper middle-class (AHI $80K/yr in 3 miles) neighborhood. Close to Cottonwood Mall. 100% absolute NNN lease with 6-yrs left. NOI $129K/yr. $1.547M. 8.35% cap.
(c) Transmercial 2015
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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 of Hwy-183. Anchored by Fallas Discount Store. 100% NNN leased. NOI $269K/yr. $3.1M. 8.70% cap.
Office Building in Spring, TX: 42,000 SF Class-B office building constructed in 2002 on nearly 3 ac lot in growing and upper middle class (AHI $85K/yr in 3 miles) Houston suburbs. 89% leased. NOI $392K/yr. $5.2M. 7.55% cap.
Fresenius in Fort Mills, SC: 10,125 SF Class-A dialysis center built in 2005 on 1.95 ac lot in a fast growing Charlotte suburb. On an off/on ramp of I-77. 100% NNN lease with 9-yrs left. NOI $189K/yr. $2.7M. 7% cap.
Office Building in Wilton Manors, FL: 29,468 SF well maintained office building in Fort Lauderdale metro. Close to Coral Ridge Mall and Holy Cross Hospital. Leased with a diverse mix of seasoned local, national and International tenants. NOI $381K/yr. $4.65M. 8.20% cap.
Neighborhood Center in Lakeway, TX: 101,121 SF attractive shopping center on over 11 ac lot in growing (118% pop growth since 2000) and affluent (AHI $130K/yr in 1 mile) Austin MSA. Major tenants include: Chair King and Tuesday Morning. 98% leased. NOI $1.313M/yr. $18.114M. 7.25% cap.
Retail Center in Austell, GA: 18,340 SF retail center built in 2007 on nearly 2 ac outparcel to Regal Pavilion Cinemas and Gold’s Gym in growing Atlanta suburbs. Major tenants include: Firehouse Subs, Oriental Café, Courtesy Finance of GA and AJA DUI School. 90% NNN leased with only one vacancy. NOI $329K/yr. $4.2M. 7.83% cap.
Famous Dave’s in Kennewick, WA: 7396 SF pit-smoked BBQ restaurant constructed in 2008 on 1.47 ac outparcel to Columbia Center Mall. Across from Costco. 100% absolute NNN lease with 13-yrs left. NOI $314K/yr. $4.65M. 6.76% cap.
Walgreen’s in Fort Worth, TX: 15,120 SF well maintained pharmacy on 1.60 ac lot at a hard corner location. 20-yrs NNN lease with over 4-yrs left. NOI $296K/yr. $4.228M. 7% cap. Strong sales of over $6M per year.
Retail Center in Washington, NJ: 10,227 SF attractive retail center on .62 ac lot at a signalized intersection in high income New York metro. 100% leased to stable tenants. NOI $98K/yr. $1.4M. 7.02% cap.
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Regional Center in Pickerington, OH: 44,834 SF attractive shopping center on 5.87 ac lot anchored by Life Time Fitness in high income Columbus suburbs. Shadow anchored by Kohl’s and next to OhioHealth’s new medical campus. NNN leased. NOI $728K/yr. $8.62M. 8.45% cap.
TGI’s Friday’s in Springfield, MO: 8000 SF casual dining restaurant and bar renovated in 2005 on over 1 ac lot. Adjacent to Power center with Ross Dress for Less, T.J. Maxx, Shoe Carnival and Petsmart. Across from Target and Lowes. Close to1,200,000 SF Battlefield Mall. 20-yrs absolute NNN lease with 10-yrs left. $3.265M. 7.35% cap.
Bank of America in Fresno, CA: 14,224 SF multiple drive-thru retail building on 1.69 ac lot along main artery. With easy access to Hwy-2. Tenant has been at this location since 1981. 100% NNN corp lease with 5-yrs left. NOI $125K/yr. $1937M. 6.50% cap.
Neighborhood Center in Webster, TX: 121,260 SF shopping center on nearly 10 ac lot at a hard corner location in growing and upper middle class area. Major tenants include: Gerland’s Food Town, McDonalds, Family Dollar and Palais Royal. 100% leased. Pro forma NOI $891K/yr. $12.3M. 7.25% pro forma cap.
Shopping Center in Atlanta, GA: 33,200 SF Class-A consisting of two retail buildings on 4.48 ac lot. Across from Cumberland Mall, close to Galleria Specialty Mall and next to I-285. Near new Altans Brave’s Stadium. 94% leased. Actual NOI $459K/yr. $5.1M. 9% actual cap. Upside potential.
Regional Center in Baytown, TX: 106,779 SF shopping center completed in 2003 on over 12 ac lot in Houston suburbs. Major tenant include: Michaels, Boot Barn, Shoe Carnival, Pier 1 Imports and Buffalo Wild Wings. Shadow anchored by Kohl’s. Across from 1.15M SF San Jacinto Mall and near I-10. 98% leased. Pro forma NOI $1.331M/yr. $18.364M. 7.24% cap.
MOB in Merrillville, IN: 37,328 SF Class-B multitenant medical office building on over 5 ac lot adjacent to Methodist Hospital-Southlake. 100% NNN leased. NOI $462K/yr. $6.3M. 7.34% cap.
Office Building in Santa Clara, CA: 7320 SF well maintained office building on .55 ac corner lot in high income Silicon Valley. Adjacent to San Jose International Airport and close to Hwy-101. $2.15M. Seller will carry. Excellent for owner-user!
MOB in Eagle, ID: 5300 SF attractive medical office building constructed in 2003 on .59 ac lot in high income (AHI of $90K/yr in 3 miles)Boise suburbs. 100% NNN leased to multiple tenants. NOI $70K/yr. $990K. 7.12% cap.
Strip Center in Copiague, NY: 5800 SF strip center on .41 ac lot along main artery in high income New York suburbs. NOI $121K/yr. $1.95M. 6.20% cap.
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Shopping Center in Winchester, VA: 79,947 SF consisting of four attractive retail buildings built in 2008 on over 12 ac outparcel to 126,000 SF Target and Lowe’s on an off/on ramp of I-81. Notable tenants include: Sleepy’s, Sprint, Sally Beauty Supply, GameStop, PetSmart, Party City and Subway. 98% NNN leased. NOI $1.397M/yr. $17.998M. 7.76% cap.
Mixed-use in San Jose, CA: 19,826 SF well maintained retail/office center on 1.55 ac lot along major artery. Between Eastridge Mall and Hwy-101. 88% leased. NOI $371K/yr. $6.75M. 5% cap.
Shopping Center in Las Vegas, NV: 53,689 SF striking shopping center constructed in 2005 on 5.58 ac lot in a growing and high income area with an AHI of $92K/yr in 1 mile. Adjacent to major shopping centers with Whole Foods Market, Barnes & Noble, Target, Pier 1 Import, and The Loft. 100% NNN leased. NOI $1.347M/yr. $19.65M. 6.86% cap.
Retail Center in Urbandale, IA: 22,771 SF retail center built in 2001 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. 86% leased. NOI $239K/yr. $3.189M. 7.50% cap.
Jack in the Box in Henderson, NV: 2660 SF drive-thru fast food restaurant completed in 1999 on an off/on ramp of I-215. 100% NNN corp lease with 4-yrs left. NOI $136K/yr. $2.125M. 6.40% cap.
Shopping Center in The Woodlands, TX: 31,505 SF well kept shopping center on over 3 ac lot in fast growing and high income (AHI $94K/yr in 3 miles) Houston MSA. Along I-45. 95% leased. NOI $423K/yr. $5M. 8.47% cap.
Strip Center in Patchogue, NY: 7000 SF strip center on .68 ac corner lot in upper middle class (AHI $84K/yr) New York suburbs. Close to Hwy-27. 100% leased to five tenants. NOI $138K/yr. $1.95M. 7.10% cap.
Golden Corral in Chattanooga, TN: 10,594 SF Golden Corral buffet restaurant on 1.79 ac outparcel to Kohl’s and Target. Close to Hamilton Place Mall and I-75. 100% NNN lease with 12-yrs left. NOI $216K/yr with rent bumps every 5-yrs. $3.099M. 7% cap.
IHOP in Atlanta, GA: 4500 SF IHOP Restaurant built in 2008 outparcel to Walmart. Across from Kroger and Dollar Tree center. 20-yrs absolute NNN lease with over 13-yrs left. NOI $197K/yr. $3.046M. 6.50% cap.
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Retail Center in Riverdale, GA: 11,250 SF eye-catching retail center constructed in 2008 on 2 ac lot in growing Atlanta suburbs. Major tenants include: Little Caesars, Wings & Hibachi, Lake Ridge Mart, Tattoos Shop, Rose Couture and Hair Salon. 90% leased. Actual NOI $84K/yr. $1.095M. 7.73% actual cap. Upside potential .
Professional Plaza in Miramar, FL: 30,692 SF Class-B multitenant office building along main corridor in Miami suburbs. High barrier to entry area. 94% leased. NOI $259K/yr. $3.6M. 7.20% cap.
Retail Building in Cortlandt Manor, NY: 4777 SF well maintained retail building on 1 ac lot along main corridor in affluent New York metro with an AHI of $142K/yr in 1 mile radius. 100% leased to Snap Fitness & Thyme Restaurant. NOI $130K/yr. $1.866M. 7% cap.
Retail Center Spokane, WA: 24,113 SF consisting of two retail buildings on 2.26 ac lot across from Walmart Supercenter. Adjacent to Costco, Home Depot and Lowe’s. Close to I-90. 100% leased. NOI $282K/yr. $3.95M. 7.15% cap.
Shopping Center in Mesa, AZ: 34,405 SF well maintained shopping center on over 3 ac lot at a hard corner location in Phoenix suburbs. Across from Safeway shopping center. 88% NNN leased. NOI $280K/yr. $3.5M. 7.20% cap.
Perkins in Milwaukee, WI: 4966 SF Perkins Restaurant on nearly 1 ac lot across from Mitchell International Airport. 100% NNN leased. NOI $107K/yr. $1.54M. 7% cap.
Office Building in Denver, CO: 10,302 SF well maintained office building along busy retail corridor. Adjacent to center with Target, Sports Authority and PetSmart. 100% leased. NOI $140K/yr. $1.6M. 8.80% cap.
Tires Plus in Jacksonville, FL: 6831 SF auto center built in 2000 on 1 ac lot along main artery. Close to I-95. 20-yrs absolute NNN corp lease with 5-yrs left. NOI $164K/yr with an 8% rent bump in 2016. $2.36M. 7% cap.
MOB in Fort Mill, SC: 13,288 SF Class-A multitenant office building in a fast growing (686%) and affluent (AHI $127K/yr) Charlotte metro. 100% leased to Rock Hill GYN-OB, Piedmont Medical Center, Chit Chat Speech-Language Therapy, William Nunn & Co. and LSU Bayview Recovery. $2M. NOI N/A.
Shopping Center in Surprise, AZ: 52,134 SF attractive shopping center on over 5 ac lot anchored by Mountainside Fitness, a highly rated on Yelp fitness center in Phoenix suburbs. 100% leased. NOI $694K/yr. $9M. 7.72% cap.
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Senor Tequila’s in Fort Myers, FL: 9304 SF Mexican restaurant completely renovated in 2014 on 1.73 ac outparcel to Power Center with Super Target, World Market, DSW and Barnes & Noble. Across from Costco and T.J. Maxx. Close to Bell Tower Shops. 10-yrs absolute NNN lease with over 9-yrs left. NOI $171K/yr with 2.5% annual rent bumps. $2.638M. 6.50% cap.
Office Building in Woodbury, MN: 20,656 SF Class-A two-story office building in a growing and high income Minneapolis suburbs with an AHI of $86K/yr in 1 mile radius. With easy access to I-494/I94. 100% leased to Prairie Care and Keller Williams Realty. NOI $358K/yr. $4.65M. 7.70% cap.
Shopping Center in San Antonio, TX: 134,187 SF well maintained shopping center on 3 ac lot along NW Loop-410. Major tenant include: FAMSA, Inc, Teppanyaki Grill & Buffet and Blast Fitness. Near Ingram Park Mall with Macy’s, Dillard’s, Sears and JCPenney. 87% leased. 7% cap. Price N/A.
Office Building in Bohemia, NY: 10,000 SF office/medical office building in high income (AHI $98K/yr) New York suburbs. Close to Mercy and South Nassau Hospital. 76% leased. $1.895M. NOI/Cap N/A.
Retail Center in Columbus, OH: 12,516 SF well kept retail center on over 1 ac lot in a high income (AHI $80K/yr in 3-miles) neighborhood. All tenants face main corridor. 100% NNN leased to eight tenants. NOI $141K/yr. $1.665M. 8.50% cap.
Taco Bueno in Colorado Springs, CO: 2850 SF brand new Tex-Mex style Mexican cuisine fast food restaurant on .67 ac lot in upper middle class area. With easy access to I-25. 20-yrs absolute NNN corp lease. NOI $110K/yr with 1% annual rent bumps starting in yr-6. $1.84M. 6% cap.
Office Building in Phoenix, AZ: 28,594 SF consisting of two well maintained multi-tenant office buildings on nearly 2 ac lot close to Hwy-51. 89% leased. $2.467M. 7.61% cap.
Retail Center in Centennial, CO: 6948 SF attractive retail center on 1 ac lot in a growing and affluent (AHI $112K/yr in 1 mile) Denver suburbs. Adjacent to King Soopers grocery and Safeway grocery Centers. 100% absolute NNN leased to Budget Transmission and Brakes Plus. NOI $129K/yr. $1.92M. 6.75% cap.
MOB in Edmond, OK: 17,213 SF built-to-suit single-tenant medical office building constructed in 1999 on 2 ac lot in growing and upper middle class Oklahoma City suburbs. 11-yrs NNN lease with 5-yrs left to INTREGRIS, a large regional tenant. NOI $308K/yr. $3.635M. 8.50% cap.
Shopping Center in Chino, CA: 64,076 SF attractive shopping center built in 1991 on 6 ac lot at a busy retail corridor in upper middle-class San Bernardino County. Close to Hwy-60. 86% NNN leased. NOI $701K/yr. $11.25M. 6.23% cap.
Retail Center in Sun City, AZ: 39,443 SF well kept retail center on over 2 ac lot along main retail artery in Phoenix MSA. 91% leased. NOI $384K/yr. $4.925M. 7.80% cap.
Buffalo Wild Wings in Texarkana, TX: 6400 SF attractive restaurant constructed in 2007 on 1.25 ac lot with good access and excellent visibility to I-30. Adjacent to Power Center with Cinemark, Home Depot, T.J. Maxx and Beth Bath & Beyond. Across from Lowe’s & Walmart Supercenter and near Central Mall. 100% absolute NNN lease with 5-yrs left. NOI $144K/yr with 2% annual rent bumps. $2.058M. 7% cap.
Office Building in Grove City, OH: 27,535 SF Class-B multitenant office building on 3.39 ac lot in fast growing (77% pop growth) and upper middle-class (AHI $76K/yr) Columbus suburbs. Close to I-71. 96% NNN leased to multiple tenants. NOI $315K/yr. $4.5M. 7% cap.
MOB in Riverton, UT: 4542 SF Class-B medical office building on ½ ac lot in growing and high income Salt Lake City suburbs. 100% NNN leased. NOI $71K/yr. $965K. 7.40% cap.
Alexian Brothers Health System in Addison, IL: 11,200 SF Class-A single-tenant medical office building along major corridor in high income (AHI $92K/yr) Chicago MSA. With easy access to I-355. 100% corp lease to well-known medical service provider. NOI $252K/yr with 3% annual rent increases. $3.45M. 7.33% cap.
Wendy’s in Oshkosh, WI: 3270 SF Wendy’s built in 2002 in a fast growing area. Between The Medical Center of Aurora and Hwy-41. This is a sale/leaseback investment. New 20-yrs absolute NNN lease to an experienced franchisee. NOI $77K/yr with 1.5% annual rent increases. $1.244M. 6.20% cap.
DaVita Dialysis in Cape Coral, FL: 7404 SF attractive medical office building constructed in 2005 in upper middle-class in Fort Myers suburbs. 100% NNN- lease. NOI $147K/yr with 3.5% annual rent bumps. $2.449M. 6.01% cap.
Retail Center in Meridian, ID: 8450 SF retail center built in 2007 on .83 ac lot in growing and middle-class (AHI $73K/yr in 3 miles) Boise suburbs. Across from Fred Meyer Grocery Store. 100% leased. NOI $85K/yr. $1.15M. 7.43% cap.
Fast Med in Mesa, AZ: 2600 SF Fat Med Urgent Care Center constructed in 2004 on .40 ac lot on Phoenix suburbs. Close to Banner Mesa Medical Center. 10-yrs NNN lease with over 7-yrs left. NOI $80K/yr. $1.1M. 7.30% cap.
Strip Center in Bellmore, NY: 11,700 SF strip center on .51 ac lot in high income New York suburbs with an AHI of $119K/yr in 1 mile ring. 100% leased to multiple tenants. NOI $153K/yr. $3M. 5.10% cap.
Office Building in Edmond, OK: 5000 SF Class-B multitenant office building on .49 ac lot in fast growing (284% pop growth since 2000) and high income (AHI $96K/yr) Oklahoma City suburbs. 100% leased to three tenants. NOI $80K/yr. $1M. 8% cap.
Shopping Center in San Antonio, TX: 122,120 SF attractive shopping center on over 11 ac lot shadow anchored by 203,000 SF Walmart Supercenter. Close to I-10. 81% leased with good tenant mix. 7% cap. NOI/Price N/A.
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Shopping Center in Lexington, KY: 180,576 SF shopping center renovated in 2003 on over 18 acres of land anchored by 78,337 SF Burlington Coat Factory along major retail artery. Other major national tenants include: Tuesday Morning, Aaron’s, Golden Buffet, Hancock Fabrics and Sherwin Williams. Adjacent to Walmart and close to Saint Joseph East Hospital. Close to Hwy-60. 100% leased with good tenant mix. NOI $1.07M. $13.37M. 8% cap.
Burger King in Orlando, FL: 4118 SF well maintained Burger King on nearly 2 ac corner lot along busy corridor. Tenant has been at this location since 1994. 100% absolute NNN corp lease with over 4-yrs left. NOI $90K/yr. $1.24M. 7.30% cap.
Retail Center in Katy, TX: 32,387 SF attractive retail center built in 2005 on 4.58 ac outlot 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 just to name a few. 89% NNN leased. $585K/yr. Price: Best Offer.
Retail Center in Lithonia, GA: 32,200 SF eye-catching retail center built in 2003 on 4.55 ac lot at a major signalized intersection in growing Atlanta suburbs. Across from The Mall at Stonecrest. Adjacent big-box retailers include: Walmart, Sam’s Club, Target, DSW, Marshalls and more. Close to I-20. 79% NNN leased with excellent tenant mix. NOI $449K/yr. $5.99M. 7.50% cap. Upside potential when fully leased.
Strip Center in Richland, TX: 13,805 SF strip center constructed in 2007 on 1 ac lot at a hard corner location in growing and high income Kennewick suburbs with an AHI of $93K/yr. Close to Columbia Center Mall. 92% leased. NOI $199K/yr. $2.85M. 7.01% cap.
Shopping Center in Keiser, OR: 74,800 SF well maintained shopping center on over 5 ac corner lot in Salem suburbs. 96% leased. NOI $792K/yr. $9.9M. 8% cap.
Retail Center in Hillsboro, OR: 29,391 SF well maintained retail center on 1.93 ac lot along Hwy-8 in Portland suburbs. 86% leased. NOI $220K/yr. $2.94M. 7.50% cap. Upside potential when fully leased.
Retail Building in Homewood, IL: 19,215 SF attractive retail center renovated in 2011 on nearly 2 ac lot shadow anchored by new Walmart Supercenter in Chicago suburbs. Across from 500,000 SF Power Center with Target, Home Depot and Menards. 100% leased to Buffalo Wild Wings and Dollar Tree. Close to I-80. NOI $259K/yr. $3.61M. 7.20% cap.
Regional Plaza in Chicago, IL: 111,660 SF shopping center renovated in 2006/2007 anchored by Pete’s Fresh Market. Other national tenants include: Planet Fitness, Fifth Third Bank, Domino’s Pizza and Sally Beauty. With five points of ingress/egress. Across from Walmart Neighborhood Market and close to Mt. Sinai Hospital. NNN leased. NOI $1.436M/yr. $20M. 7.18% cap.
Shopping Center in Milwaukee, WI: 35,327 SF well kept shopping center at a corner location. Near new Walmart. 87% leased to Southern Smoke, Pizza Hut, USPS, The Party Palace, Liberty Tax Service, Hair Salon, Mayfair Rent-A-Car, Aerial Company Inc., Bistro Cafe, Magic Nails, Carriage Cleaners, Goody Gourmet Popcorn and Payday Loan. NOI $311K/yr. $3.617M. 8.62% cap.