07-26: Shopping center, Office Plaza, Techna Glass, Medical office building

1.     Shopping Center in Sugar Land, TX: 96,623 SF shopping center built in 2000 at intersection of Hwy-6 and busy Blvd in affluent Houston suburbs. Anchored by Kroger Supermarket on a long term ground lease (buyer owns the land) and occupied by numerous national tenants. NOI $696K/yr.  $9.487M. 7.35% Cap.

2.     Retail Center in Fort Lauderdale, FL: 19,247 SF retail center on busy road, near Holy Cross Hospital and I-95 in high income area. New roof and parking lot paving. 91% leased. NOI $333K/yr. $4.170M. 8% Cap.

3.     Office Plaza in Northbrook, IL: 34,700 SF office building constructed in 1987 on 2.44 acres lot in very affluent (AHI $173K/yr in 3 miles) Chicago suburbs.  Easy access to I-94.  92% leased.  NOI $285K/yr.  $3.435M. 8.32% cap.

4.     Retail center in McHenry, IL: 16,203 SF retail center built in 1998 on 4.73 ac lot in Chicago suburbs.  85% leased.  Current NOI $161K/yr. $1.99M. 8.1% cap.

5.     Strip Mall in Colorado Springs, CO: 7500 SF strip center on 1.61 acres outparcel to Walmart Supercenter and Home Depot in fast growing middle class area.  100% NNN leased to 4 national tenants: Cost Cutters (Regis Corp.), Gamestop, Subway, and Batteries Plus.  NOI $186K/yr. $2.263M. 8.25% cap.

6.     Shopping Center in Marietta, GA: 12,540 SF shopping center on 1.1 acres lot in affluent Atlanta suburbs (AHI $133K/yr in 1 mile).  100% leased. NOI $172K/yr. $1.85M. 9.3% cap.

7.     Single tenant retail center in Las Vegas, NV: 3490 SF single-tenant retail center built in 2006 on ½ ac lot on a busy road in upper middle class area.  100% NNN leased to Techna Glass, a regional chain in NV, UT, and NM.  NOI 4128K/yr.  price reduced to $1.225M. 10.5% cap.

8.       Medical Office Building in Phoenix, AZ: 5013 SF class-A medical office building redeveloped in 2010 on .37 acre lot across the street from 673-bed Catholic Healthcare West's (CHW) St. Joseph's Hospital. High income area.  100% leased to 2 medical tenants.  NOI $101K/yr. $1.2M. 8.54% cap.

9.       Shopping Center in Indian Head Park, IL: 17,875 SF shopping center on 1.94 acres lot in affluent Chicago metro (AHI $120K/yr in 3 miles). 100% NNN leased to 8 tenants.  NOI $304K/yr. $3.9M. 8.5% cap.

© Transmercial 2011.