Tuesday, June 7, 2011

05-24: Shopping centers, DaVita, Office Depot


1.     Shopping Center in North Aurora, IL: 39,863 SF  shopping center built in 1998 on 5.59 ac corner lot at a signalized intersection near I-88 in Chicago metro. 100% leased to national/regional/local tenants. NOI $297K/yr. $3.9M. 7.62% Cap. Upside potential.
2.     Shopping Center in Florissant, MO: 101,323 SF shopping center anchored by Shop ‘n Save grocery along main blvd in St. Louis suburbs. 98% NNN leased. NOI $875K/yr. $11.293M. 7.75% Cap.
3.     Retail Center in Mankato, MN: 16,734 SF retail center adjacent to River Hills Regional Mall occupied by solid national tenants. 100% NNN leased to national tenants. NOI $225K/yr. $2.775M. 8.13% Cap.
4.     Shopping Center in Omaha, NE: 40,419 SF multi-tenant center constructed in 1997 on 5.19 ac lot in affluent (AHI $111K/yr within 2-miles) neighborhood. 100% NNN leased. NOI $507K/yr. $6.15M. 8.25% Cap. Buyer to assume non-recourse loan at 6.19% interest.
5.     Regional Center in Rochester, MN: 75,294 SF regional center anchored by Gender Mountain and next to Wal-Mart & Sam’s Club near I-52. NNN leased. NOI $779K/yr. $9.74M. 8% Cap.
6.     Retail Center in Oklahoma City, OK: 25,630 SF well-maintained retail center on 2.17 ac lot at busy corner location. 75% leased. NOI $127K/yr. $1.5M. 8.48% cap.  Upside potential.
7.     DaVita in Austin, TX: 13,821 SF Class-B under construction medical building on 1.43 ac lot at a hard corner location. 15-years NNN lease. NOI $262K/yr. with 2% annual rent increases. $3.501M. 7.5% Cap.
8.     Office Depot in Madera, CA: 20,521 SF retail building on 1.64 ac lot near Hwy-99. NNN leased till 2016. NOI $279K/yr. $3.6M. 7.75% Cap.
9.     Office Building in Knoxville, TN: 10,400 SF Class-A multi-tenant office building on 1.5 ac of land. 100% leased. NOI $138K/yr. $1.5M. 9.20% Cap.
10.  Shopping Center in Morrisville, NC: 17,828 SF shopping center surrounded by professional buildings at corner lot location in fast growing & affluent Raleigh metro. 100% leased.  NOI $353K/yr. $4.7M. 7.5% Cap.
© Transmercial 2011.

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