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

/by

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.
  1. Shopping Center in Fort Worth, TX:  17,332 SF Retail center built in 2006 on 2.21 ac lot in upper middle class area (AHI $94K/yr in 1 mile ring).  Across from Super Walmart.  100% NNN leased to 13 good tenants including:  Goodwill, Little Caesar’s, Check N’ Go, A1 Food Mart, and cell tower.  NOI $363K/yr.  $4.636M. 7.81% cap.
  2. Fresenius in Columbus, OH: 11,200 SF dialysis center on .75 ac lot close to Eastland Mall. Between I-70 and I-270. 10-yrs NNN- corp lease with 7-yrs left. NOI $112K/yr with a rent bump in 2018. $1.27M. 8.82% cap.
  3. Neighborhood Center in Scottsdale, AZ: 111,325 SF attractive shopping center built in 2004 on over 9 ac lot in high income Phoenix suburbs with an AHI of $103K/yr in 1 mile. Anchored by 29,600 SF EOS Fitness and Big 5. Adjacent to Costco, Walmart and Home Depot. With easy access to Hwy-101. 78% leased. Actual NOI $1.224M/yr. $18.14M. 6.75% actual cap. Upside potential.
  4. Inline Center in Colorado Springs, CO: 30,855 SF well maintained shopping center on 4.37 ac lot shadow anchored by Walmart Neighborhood Market and Goodwill. Along major corridor and across from King Soopers shopping center. 81% NNN leased. Actual NOI $434K/yr. $5.788M. 7.50% actual cap.
  5. Car-X in Chicago, IL: 5925 SF auto repair center on .31 ac lot along busy artery. Across from Food 4 Less, PetSmart and Sports Authority center. Near Food City Mall. 100% NNN lease with 8-yrs left. NOI $78K/yr with 1.75% annual rent increases. $981K/yr. 8% cap.
  6. Perkos Café in Stockton, CA: 3350 SF well kept restaurant on .91 ac corner lot on an off/on ramp of Hwy-99.  Tenant has been at this location since 1991. 100% NNN lease with 2-yrs left. NOI $ 84K/yr with 3% annual rent bumps. $1.2M. 7.05% cap.
  7. Tire Kingdom in Tampa, FL: 5904 SF Tire Kingdom on .63 ac lot at a signalized intersection.  100% corp lease with 4 yrs left to TBC Retail Group with 1200 locations.  NOI $91K/yr. $1.31M. 7% cap.
  8. Shopping Center in Orland Park, IL: 40,100 SF attractive shopping center in growing and high income Chicago suburbs. Next to Jewel-Osco grocery and across from Target and Lowe’s. Near Walmart Supercenter. 100% leased to long term tenants. NOI $380K/yr. $5.1M. 7.45% cap.
  9. MOB in Hemet, CA: 3380 SF Class-B single tenant medical office building in Riverside County. Close to Hemet Valley Medical Center. 100% NNN lease to Loma Linda University Medical Center. NOI $56K/yr with annual rent increases. $1.085M. 5.25% cap.

(c) Transmercial 2015

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

/by
  1. 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.
  2. 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% leased. NOI $352K/yr. $3.715M. 9.50% cap.
  3. MOB in Kennewick, WA: 12,618 SF Class-A single tenant Cancer Treatment Clinic  competed in 2001 on .74 ac lot in growing and upper middle class area. Close to Columbia Mall. 100% absolute NNN lease with 7-yrs left. NOI $420K/yr. $6M. 7% cap.
  4. MOB in Fredericksburg, VA: 14,900 SF Class-B single tenant medical office building on nearly 3 ac lot. Between Kaiser Permanente Fredericksburg and I-95. 100% NNN lease with 5-yrs left to Corporate Headquarters of Fredericksburg Orthopedic Associates, the region’s largest orthopedic specialist. NOI $299K/yr. $4.6M. 6.50% cap.
  5. Office Building in Greenwood, IN: 12,708 SF Class-B office building constructed in 2006 on 1 ac lot in high income (AHI $85K/yr) Indianapolis suburbs. 90% leased to stable long tenants. NOI $96K/yr. $1.2M. 8% cap.
  6. Office Building in Albuquerque, NM: 22,519 SF Class-B multitenant office building on 1.65 ac lot anchored by Quest Diagnostics along busy corridor. 100% leased. NOI $156K/yr. $1.95M. 8% cap.

(c) Transmercial 2015

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

/by
  1. 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.
  2. 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, Massage Envy, Q House and Real Beauty. NOI $181K/yr. $2.34M. 7.74% cap.
  3. Retail Center in Fort Wayne, IN: 15,340 SF retail center built in 2004 on 2.26 ac outparcel to Meijer and Home Depot. Across from Lowe’s and Sam’s Club. Near Costco and Hwy-24. 91% NNN leased. Actual NOI $224K/yr. $2.9M. 7.74% actual cap. Upside potential.
  4. Retail Center in Fort Wayne, IN: 16,750 SF eye-catching retail center completed in 2005 on nearly 2 ac lot along busy retail corridor. Close to Lutheran Hospital of Indiana and Hwy-302.  100% NNN leased to Moe’s Southwestern Grill, AT&T, Sprint, Big League Barbers, Simstone Bath Gallery, Jimmy Johns, Longe Optical, and Bangkok Thai and Sushi Bar. NOI $240K/yr. $3.1M. 7.76% cap.
  5. Retail Outparcel in Chino, CA:12,069 SF retail building completed in 2009 on 1.58 ac outlot in high income (AHI $99K/yr in 3 miles) San Bernardino County. Shadow anchored by Home Depot and JC Penney. Near Fwy-71. 76% NNN leased. NOI $158K/yr. $3.117M. 5.10% cap.
  6. Steak ‘N Shake in Lawrence, KS: 3690 SF dinner-style restaurant built in 1998 on 1.43 ac lot at a major retail corridor. Adjacent to 12 Move Theater. Across from Walmart Supercenter, Ross Dress for Less, World Market, T.J. Maxx and Home Depot center. 100% absolute NNN lease with 2½-yrs left. NOI $93K/yr. $1.06M. 8.79% cap.
  7. Office Building in American Fork, UT: 53,480 SF attractive single tenant  office building constructed in 1996 on 3.41 ac lot in Salt Lake City suburbs. Next to I-15. 100% NNN lease with 10-yrs left to Myler Disability, a Social Security Disability Advocate with offices in all 50 states. NOI $769K/yr. $10.265M. 7.50% cap.
  8. Strip Center in Pittsburg, CA: 8758 SF well kept strip center on ½ ac lot at a signalized corner location and along main thoroughfare in a city East of San Francisco. Adjacent to major center with Goodwill, CVS Pharmacy, Grocery Store and Dollar Tree. 80% leased. Pro forma NOI $106K/yr. $1.5M. 7% pro forma cap.
  9. Retail Building in Springfield, MO: 16,458 SF two units attractive retail building on .80 ac lot. Part of shopping center with Tuesday Morning, Empire Bank, Dryer’s Boots & Shoes and more.  Close to Mercy Hospital Springfield. 100% leased to Rent-a-Center and Cartridge World. NOI $86K/yr. $1.075M. 8% cap.

(c) Transmercial 2015

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

/by
  1. 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.
  2. 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. 7.02% cap.
  3. Retail Center in Las Vegas, NV: 11,688 SF attractive retail center built in 2008 on .81 ac lot in growing and upper middle class area. Adjacent to major power center with Sam’s Club, Walmart Supercenter and Home Depot. With easy access to I-215. 90% NNN leased. Actual NOI $140K/yr. $1.85M. 7.60% cap. –
  4. Shopping Center in Pearland, TX: 45,260 SF consisting of three retail buildings completed in 2007 on over 4 ac lot in Houston suburbs. Close to Pearland Town Center and Hwy-288. 100% leased with good tenant mix such as: First American Title Company, Plato’s Closet, Arrow Dental, Smoothie King and more. NOI $925K/yr. $13.26M. 6.98% cap.
  5. MOB in Charlotte, NC: 15,400 SF Class-A single-tenant medical office condo close to Presbyterian Novato Medical Center and CMC Mercy Hospital. 100% NNN lease till 2026. NOI $279K/yr with 3% annual rent increases. $3.997M. 7% cap.
  6. Retail Center in Suwanee, GA: 19,996 SF attractive retail center built in 2008 on 4.80 ac lot along main retail corridor in affluent (AHI $112K/yr in 3 miles) Atlanta metro. 100% leased by 8 national and regional tenants. NOI $436K/yr. $4.477M. 9.75% cap.
  7. Office Park in Santa Rosa, CA: 52,352 SF Class-B multitenant office building on nearly 4 ac lot in growing & upper middle class area North of San Francisco. 96% leased. Pro forma NOI $488K/yr. $6.295M. 7.76% pro forma cap.
  8. Neighborhood Center in San Bernardino, CA: 58,740 SF well maintained shopping center on 5 ac lot anchored by El Super grocery in growing Los Angeles suburbs. 96% leased to eight tenants. Close to 463-bed St Bernardine Medical Center. NOI $772K/yr. $12.871M. 6% cap.
  9. MOB in Gilbert, AZ: 9062 SF Class-A medical office building between Banner Gateway Medical Center and Arizona Spine & Joint Hospital in Phoenix metro. 100% NNN leased to four tenants. NOI $171K/yr. $2.444M. 7% cap.
  10. Medical Complex in Fremont, CA: 10,195 SF Class-B medical complex on .67 ac lot in high income Silicon Valley with an AHI of $100K/yr in a 3 mile ring. Between Washington Hospital, Kaiser Permanente-Fremont and The Fremont Hub. 80% leased with only 1 vacancy. Actual NOI $217K/yr. $3.5M. 6.20% actual cap. Upside potential.

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

/by
  1. 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.
  2. 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.
  3. Just Brakes in Cape Coral, FL: 4428 SF completely renovated auto center on .52 ac lot along major corridor. Across from a shopping center anchored by Publix Grocery. Close to Walmart Supercenter. New 15-yrs NNN lease. NOI $117K/yr with 10% rent bumps every 5-yrs. $1.885M. 6.25% cap.
  4. Starbucks in The Colony, TX: 841 SF drive-thru Starbucks coffee on an outlot to Walmart Supercenter in high income (AHI $100K/yr in 3 miles) Fort Worth/Dallas suburbs. Across from Target and Ross Dress for Less centers. With easy access to Hwy-121.  100% NNN lease with 2-yrs left. NOI $100K/yr. $1.55M. 6.50% cap.
  5. Malibu Steak and Seafood in Pearland, TX: 12,238 SF freestanding restaurant on 2.56 ac lot in fast growing and high income Houston suburbs with an AHI of $90K/yr in a 3 mile ring. Newly executed 10-yrs lease. NOI $160K/yr. $2M. 8% cap.
  6. California Family Fitness in Sacramento, CA: 17,600 SF fitness center on 2 ac lot in upper middle class area. With easy access to I-5. 100% absolute NNN lease with over 10-yrs left to California Fitness Center, a regional operator with 20 locations. NOI $144K/yr with annual rent bumps. $2.304M. 6.25% cap.
  7. Shopping Center in American Fork, UT: 148,180 SF neighborhood center on over 9 ac lot in Salt Lake City suburbs. Across from American Fork Hospital. 95% NNN lease with national and regional tenants. NOI $1.510M/yr. $19M. 7.94% cap.
  8. MOB in Henderson, NV: 5164 SF Class-B multitenant medical office building. Close to 219-bed St Rose Dominican Hospital-Siena. 100% NNN leased to three tenants. NOI $88K/yr. $1.264M. 7% cap.
  9. Retail Center in Mesquite, TX: 10,850 SF well maintained retail center on nearly 1 ac lot at a hard corner location in growing Dallas suburbs. Next to I-635. 100% leased to Subway, ACE Cash Express, Brooks Backyard BBQ, LA Insurance and Benchmark Consulting. NOI $171K/yr. $2.1M. 8.15% cap.
  10. Shopping Center in Charlotte, NC: 64,584 SF shopping center built in 1999 on nearly 9 ac lot next to newly completed I-485 exit.   Anchored by BI-LO Supermarket at a hard corner location in a high income (AHI $91K/yr in 3 miles) area. 100% NNN leased. NOI $773K/yr. Price reduced from $9.484M to $9.05M. 8.55% cap.

(c) Transmercial 2015

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

/by
  1. 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.
  2. 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 to Whole Foods Market and across from Place Mall with Bed Bath & Beyond, DSW and Dicks Sporting Goods. Close to Orland Square Mall. 100% NNN leased to Jimmy John’s, Sprint and Naf Naf Grill. NOI $177K/yr. $2.532M. 7% cap.
  3. Tuffy Auto in Blacklick, OH: 4240 SF 6-bay Tuffy Auto constructed in 2002 on 1.67 ac lot in growing upper middle class Columbus suburbs. Across from Meijer grocery and Target. 100% NNN lease with 3-yrs left. NOI $119K/yr. $1.26M. 9.50% cap.
  4. AGA Medical in Stockbridge, GA: 9794 SF attractive build-to-suit single tenant medical office building completed in 2002 on 2 ac lot in fast growing Atlanta suburbs. With easy access to I-675. Between Southern Regional Medical Center and Piedmont Henry Hospital. 15-yrs NNN lease with 3-yrs left to Atlanta Gastroenterology Associates (AGA) with 37 locations. NOI $315K/yr with 2% annual rent bumps. $3.9M. 8% cap.
  5. Dollar Tree in Richmond, VA: 12,608 SF Dollar General built in 1995 on 1.79 ac lot at a hard corner location in high income (AHI $87K/yr) area. 100% NNN lease with 5-yrs left. NOI $118K/yr. $1.65M. 7.20% cap.
  6. Retail Center in Richmond, KY: 19,345 SF well maintained retail center. All unit face Hwy-421/25. 100% leased with good tenant mix. NOI $184K/yr. $2.3M. 8% cap.
  7. Retail Center in Tamarac, FL: 14,036 SF ten units retail center on 1.33 ac lot along major corridor in Fort Lauderdale suburbs. Close several anchored centers with Target, Babies “R” Us and Boston Market. 100% NNN leased. NOI $141K/yr. $2.2M. 6.50% cap.

(c) Transmercial 2015

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

/by
  1. 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.
  2. Retail Center in Stockton, CA: 15,314 SF retail center built in 2008 on 1.84 ac lot at a major retail artery. Adjacent to Costco. 100% NNN leased to seven national and local tenants.  NOI $438K/yr. $6.752M. 6.50% cap. NOTE: flyer not available full brochure upon request.
  3. Retail Center in Toledo, OH: 21,000 SF attractive retail center completed in 2002 on 2.78 ac lot along main corridor. With easy access to I-475. 100% NNN leased. NOI $191K/yr. $2.095M. 9.15% cap.
  4. Mixed-use in Norcross, GA: 31,360 SF three story office/retail building and 22,000 SF retail center on over 3 ac lot in growing Atlanta suburbs. 82% leased. Actual NOI $435K/yr. $5.6M. 7.78% cap.
  5. Retail Center in Austell, GA: 18,340 SF retail center built in 2007 on nearly 2 ac outparcel to 22-screen Regal Pavilion Cinemas and Gold’s Gym in growing Atlanta suburbs. 90% NNN leased with only one vacancy. NOI $329K/yr. $4.2M. 7.83% cap.
  6. Brakes Plus in Phoenix, AZ: 4594 SF attractive auto service center on .58 ac lot at a busy retail thoroughfare. Close to John C. Lincoln Deer Valley Hospital and with easy access to I-17. New 10-yrs absolute NNN corp lease. NOI $112K/yr with 10% rent bumps every 5-yrs. $1.795M. 6.25% cap.
  7. Kiddie Academy in Oswego, IL: 15,500 SF brand new built-to-suit educational center on 1.23 ac lot in high income Chicago suburbs with an AHI of $101K/yr in 1 mile. Between two major center with Meijer grocery, Bed Bath & Beyond, Michaels, Target, T.J. Maxx and Walmart. New 15-yrs NNN lease. NOI $273K/yr with 10% rent increases every 5-yrs. $3.412M. 8% cap.
  8. Neighborhood Center in Arlington, TX: 133,880 SF well maintained shopping center constructed in 1992 on over 11 ac lot anchored by 80,880 Burlington Coat Factory in high income area. Adjacent to Walmart Supercenter. Near The Parks at Arlington and I-20. 100% NNN leased to just 2 tenants: Burlington and an Antique Mall. NOI $818K/yr. $10.495M. 7.80% cap.

(c) Transmercial 2015

04-16: Tire Kingdom, Fast Auto Loans, AutoZone, Pawn 1, Fresenius, MOB, Retail Centers

/by
  1. Tire Kingdom in Saint Petersburg, FL: 7689 SF auto center renovated in 2006 on .60 ac corner lot along main retail corridor. 100% absolute NNN corp lease with 4½ yrs left. NOI $73K/yr. $1.018M. 7.24% cap.
  2. Fast Auto Loans in Beaumont, CA: 4000 SF attractive single tenant retail building on .38 ac lot in growing San Bernardino suburbs. 10-yrs NNN corp lease with 9-yrs left to strong regional tenant with over 70 stores. NOI $78K/yr with 10% rent bumps every 5-yrs. $1.356M. 5.75% cap. NOTE: flyer not available, full brochure upon request.
  3. AutoZone in Woonsocket, RI: 6201 SF AutoZone retail building on .61 ac lot at a signalized intersection along main artery. Across form shopping center with Sears and Savers. 100% NNN lease with 6-yrs left. NOI $78K/yr. $1.215M. 6.50% cap.
  4. Office Building in Bakersfield, CA: 12,669 SF Class-B multitenant office building in a high income area with an AHI of $90K/yr in a 3-mile ring. Close to major power center with Target, Home Depot and Walmart Supercenter. 100% leased. NOI $183K/yr. $2.525M. 7.26% cap.
  5. Pawn 1 in Boise, ID: 8828 SF single tenant pawn shop completed in 2009 on .72 ac corer lot. New15-yrs absolute NNN lease to a strong regional tenant with 16 locations. NOI $121K/yr with 2% annual rent bumps. $1.803M. 6.75% cap.
  6. Retail Center in Fountain Hills, AZ: 20,661 SF attractive retail center constructed in 2001 on over 2 ac lot in growing and high income (AHI $94K/yr in 3 miles) Phoenix MSA. 81% leased to seven tenants. Actual NOI $183K/yr. $2.615M. 7% actual cap. Upside potential.
  7. Shopping Center in Tucson, AZ: 25,600 SF well maintained shopping center built in 2001 on 4.34 ac lot at a hard corner location. Shadow anchored by Safeway grocery. 85% leased to thirteen tenants. Actual NOI $362K/yr. $4.95M. 7.33% cap.
  8. Fresenius in North Randall, OH: 4620 SF Class-B Fresenius Medical Center on 1 ac lot in Cleveland suburbs. Close to Regency North Central Ohio Hospital and I-480. Recently executed 3-yr lease. NOI $136K/yr. $1.362M. 10% cap.
  9. MOB in Tampa, FL: 4350 SF eye-catching single tenant medical office building renovated in 2005 on .45 ac lot. Close to Memorial Hospital of Tampa. New 10 yrs absolute NNN lease  to Jay J. Garcia MD Weight Loss & Wellness Center with 3 locations in Tampa. NOI $117K/yr. with 3% annual rent bumps.  $1.62M. 7.25% cap.
  10. Retail Center in Chesterfield, MO: 13,558 SF attractive retail center on 2 ac lot at a hard corner location in prosperous St. Louis suburbs with an AHI of $158K/yr in 1 mile. 100% leased. NOI $250K/yr. $2.95M. 8.50% cap.

(c) Transmercial 2015

04-15: MOB, Office Buildings, Retail Centers, Shopping Centers

/by
  1. Neighborhood Center in Manteca, CA: 54,643 SF attractive shopping center built in 2007 on 5.47 ac lot in Stockton suburbs. Anchored by PetSmart. 84% NNN leased to eleven tenants. Actual NOI $569K/yr. $8.676M. 6.56% actual cap. Upside potential.
  2. Office/MOB in Livonia, MI: 7100 SF Class-A office & medical building completed in 2001 on .60 ac lot in high income (AHI $86K/yr in 1 mile) Detroit suburbs. Close to St. Mary Mercy Livonia Hospital. 72% leased to multiple tenants. Actual NOI $103K/yr. $1.15M. 9% actual cap.
  3. Retail Plaza in Littleton, CO: 53,587 SF well maintained shopping center on 4.41 ac lot in high income (AHI $93K/yr) Denver suburbs. Across from Southwest Plaza Mall, with Dillard’s, Macy’s, Sears and JCPenney. 91% NNN leased.  NOI $397K/yr. $4.96M. 8% cap.
  4. Strip Center in Palos Heights, IL: 5548 SF strip center on .69 ac outparcel to Jewel-Osco supermarket in high income Chicago suburbs. 100% NNN leased to Lou Malnati’ s Pizzeria, Great Clips, Jersey Mike’ s Subs and Forever Yogurt. NOI $121K/yr. $1.737M. 7% cap.
  5. Retail Center in Spring, TX: 26,670 SF retail center built in 2005 on over 2 ac lot along main artery in high income Houston suburbs with an AHI of $98K/yr in a 3 mile ring. 95% NNN leased with only 1 vacancy. Pro forma NOI $441K/yr. $4.995M. 8.80% cap.
  6. Retail Center in Rancho Cordova, CA: 26,571 shopping center on nearly 2 ac lot in growing Sacramento suburbs. With easy access to Hwy-50. 100% leased to six tenants. NOI $227K/yr. $2.2M. 10.30% cap.
  7. MOB in Independence, MO: 19,239 SF Class-A  medical office building constructed in 2004 on 2.48 ac lot in Kansas City suburbs. Across from Costco and Lowe’s. Close to Centerpoint Ambulatory Surgery Center, Independence Mall and I-70/470. 100% leased to two medical tenants. NOI $430K/yr. $5.408M. 7.95% cap.
  8. MOB in Bethlehem, PA: 22,742 SF well maintained multitenant medical office building on 2.56 ac lot in Philadelphia suburbs. Close to Good Shepherd Specialty Hospital. 100% NNN leased to 3 tenants: Fresenius (S&P BBB-), DaVita (S&P BB) and Valley Kidney Specialist. All under new10-yrs NNN lease. NOI $357K/yr with annual rent increases. $5.338M. 6.70% cap.
  9. Office Building in Tinley Park, IL: 23,101 SF Class-A office building completed in 2007 on 1.22 ac lot in fast growing (172% pop growth since 2000) and affluent (AHI $115K/yr) Chicago suburbs. Visible and next to I-80. 96% leased to multiple tenants. Pro forma NOI $358K/yr. $4.39M. 8.30% pro forma cap.
  10. Retail Center in Rex, GA: 14,000 SF retail center built in 2008 on 3.49 ac lot in growing Atlanta suburbs. All units face Hwy-42. 71% leased. Actual NOI $89K/yr. $1.095M. 8.18% cap.

(c) Transmercial 2015

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

/by
  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