05-05: Texas Land & Cattle Steakhouse, Medical Buildings, Shopping Centers

1.     Retail Center in Kansas City, MO: 13,710 SF renovated retail center on 1.26 ac lot.  Close to a 775,000 SF power center anchored by AMC Theatres, Super Target and Dick’s Sporting Goods with excellent ingress/egress. 100% leased to 7-tenants. NOI $244K/yr. $2.420M. 10.09% Cap.

2.     Medical Building in Cedar Hill, TX: 12,560 SF newly constructed medical building in fast growing & affluent Dallas suburbs. 100% NNN leased to Baylor Health Care System and Children’s Medical Center. NOI $208K/yr. $2.950M. 7.07% Cap.

3.     Office Building in Lowell, MA: 57,692 SF Class-A office building on 5.54 ac lot at the entrance to the 800,000 SF Drum Hill Technology Center in Boston metro. 100% NNN leased to Siemens Corporation (S&P A+ credit) till 2017. NOI $472K/yr. $5.9M. 8% Cap.

4.     Texas Land & Cattle Steak House in Killeen, TX: 7470 SF restaurant built in 2006 on 2 acres lot. 15 yrs NNN lease with 12 yrs remaining.  NOI $287K/yr with 2% annual rent bump. $2.612M. 11% cap.

5.     Shopping Center in Coeur d’Alene, ID: 119,736 SF remodeled shopping center on 12.22 acres lot at busy corner location near I-90. Anchored by Big 5 Sports, Big! Lots and Rent-A-Center. NOI $794K/yr. $10.1M. 7.87% Cap.

6.     Strip Center in Lake Saint Louis, MO: 13,600 SF 4-years old strip center on an outparcel to Wal-Mart Supercenter in fast growing & affluent (AHI $109K/yr in 1 mile) St Louis metro. 100% NNN leased.NOI $257K/yr. $3.328M. 7.75% Cap.

7.     Strip Center in Miami, FL: 13,000 SF well-maintained 2-story strip center on .32 ac lot at busy corner location. 90% leased. NOI $84K/yr. $1.2M. 7% Cap.

8.     Condominium Units in Atlanta, GA: 41-units tastefully renovated upscale multifamily complex in high income area. Numerous amenities: pool, clubhouse, workout room and play area. 80% occupied. Unit sizes range from 1094-1892 SF. NOI $319K/yr. $2.6M. 12.30% Cap.

9.     Retail Center in Haltom City, TX: 5967 SF 6-unit retail center built in 2006 with excellent visibility near Hwy-377 in growing Fort Worth suburbs. 90% leased. Pro forma NOI $82K/yr. $1M. 8.29% Cap. 

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