12-14: Shopping Center, Food city, Medical Office Building For Sale

AHI: Avg. Household Income.  National average is about $50K/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 Walnut Creek, CA: 52,797 SF high-quality constructed shopping center built in 2000 anchored by Office Max.  Just off of I-680 exit in wealthy city East of San Fran. 100% NNN leased. NOI $1.242M/yr. $17.75M. 7% Cap.
2. Food City in Avondale, AZ: 42,559 SF Food City Grocery store as an anchored tenant in a 86,560 SF shopping center in fast growing Phoenix metro.  100% NNN lease with 7 yrs remaining.  NOI $353K/yr. $3.9M. 9.04% cap.
3. Shopping Center in Greenville, SC: 31,000 SF well-maintained shopping center anchored by Outback Steakhouse at densely populated area (over 156,000 residents within a 5-mile radius) off of I-385. 89% NNN leased to an array of national/local tenants. NOI $320K/yr. $3.4M. 9.42% Cap.
4. Shopping Center in Augusta, GA: 21,000 SF attractive multi-tenant shopping center constructed in 2005 on 1.43 acres of land across from power center anchored by Target, Best Buy, Sport Authority and more. 100% NNN leased. NOI $602K/yr. $6.6M. 9.13% Cap.
5. Medical Building in Chula Vista, CA: 9146 SF Class-B multi-tenant two-story medical building next to Scripps Mercy Hospital Chula Vista at hard corner location in San Diego metro. 100% leased. NOI $166K/yr. $1.950M. 8.61% Cap.
6. Shopping Center in Lake Worth, FL: 28,000 SF shopping center along main retail corridor in fast growing (40.73%) middle-class (AHI $77K/yr within 1-mile radius) neighborhood in West Palm Beach. 93% leased. NOI $280K/yr. $3.5M. 8% Cap.
7. Retail Center in Sumner, WA: 10,570 SF retail center on an outparcel in front of Fred Meyers Marketplace, a chain of hypermarkets in fast growing Tacoma suburbs. 100% NNN leased. NOI $251K/yr. $3.240M. 7.75% Cap.   

© Transmercial 2010.  All rights reserved.