Please be advised that the seminar/webinar scheduled for June 25 has been postponed. Transmercial will announce the new date in the future. Sorry for any inconveniences this may cause.
1. Medical Office Building in Spring, TX: 17,369 SF established medical office building in affluent Houston suburbs (AHI $120K/yr in 1 mile). 85% NNN leased to 6 tenants (5 medical/dental) with 2 small avail units (one of current tenants is negotiating to expand). Current NOI $157K/yr. $1.65M. 9.55% cap. Upside potential when 100% leased.
2. Shopping Center in Humble, TX: 91,078 SF shopping center on 4.73 acres lot with US-59 frontage and near Houston Intercontinental Airport. 100% leased with 7 national tenants: Ashley Furniture, Chili’s, Popeye’s Chicken & Biscuits, Souper Salad, Oreck Floor Care, Pearle Vision and Comcast Cable. NOI $1.06M. $11.195M. 9.5% cap.
3. Jack In The Box in San Antonio, TX: 2760 SF JIB on .69 ac lot. 100% NNN corp lease with 9 yrs remaining. NOI $105K/yr with CPI –based rent bump not to exceed 9% every 5 yrs (next on in 2012). $1.545M. 6.8% cap now (est. 7.4% in 2012).
4. Short sale Apartments in Dallas, TX: 120-unit apartments built in 1983 on 8.94 acres lot in high income area (AHI $87K/yr in 1 mile). 74% occupied. Proforma NOI $329K/yr. $2.75M. 12% cap.
5. Medical Office Building in Smyrna, GA: 14,218 SF class-A medical office building on a corner lot in high income Atlanta suburbs (AHI $87K/yr). 100% NNN leased to WellStar Urgent Care, WellStar Allergy & Immunology Clinic, WellStar Rheumatology, Patrick Family Dentistry and Physicians Weight Loss / ObGyn Clinic. NOI $270K/yr. $3.6M. 7.5% cap.
6. Shopping Center in Reno, NV: 53,314 SF shopping center on 3.97 acres corner lot. NOI $530K/yr. $5.3M. 10% cap.
7. Strip Center in Joliet, IL: 10,595 SF retail center in Chicago suburbs. Adjacent to CVS. 83% NNN leased to 2 national tenants: Advance Auto and Jimmy Johns Sandwiches with1 vacant unit. NOI $198K/yr. $2.6M. 7.75% cap.
8. Short sale Shopping Center in Mauldin, SC: 18,752 SF 5 yr-old 9-unit shopping center on 2.8 acres lot in fast growing and high income Greenville metro. 70% leased. Proforma NOI $220K/yr. $2.449M. 9% cap.
9. Bank United in Saint Petersburg, FL: 4150 SF Bank United building on 1.25 acres lot. New 12 yrs NNN-. NOI $104K/yr. $1.398M. 7.5% cap.
10. Starbucks in Kokomo, IN: 1800 SF free-standing Starbucks built in 2008. 100% NNN- leased with 8 yrs remaining. NOI $93K/yr with 10% rent bump every 5 yrs. $1.12M. 8.37% cap
© Transmercial 2011.
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