09-14: REO Shopping Centers, Saver's, Car-X auto, Jefferson Dental Office for sale

Notice: For those who have signed up for the “How to Invest in Commercial Real Estate” seminar/webinar on 9/24/11, you should receive an email today with instruction how to attend the webinar.  If we miss anyone, please advise.

1.  REO Shopping Center in Mesquite, TX: 58,093 SF shopping center on 5.61 ac lot shadow-anchored by Hobby Lobby and adjacent to Hwy-80 in growing Dallas/Fort Worth MSA. 82% leased. NOI $342K/yr. $3.81M. 9% Cap.  
2. Retail Center in Oceanside, CA: 19,315 SF retail center with great tenant mix: Rockin’ Baja Lobster, Lighthouse Bar and Grill and Harbor Fish & Chips.  Next to the harbor and beach. 88% leased. NOI $459K/yr. $5.1M. 9% Cap. 
3. Saver’s in Hamburg, NY: 21,525 SF retail building on 2.86 ac lot close to McKinley Mall and next to I-90 in Buffalo metro. 10 yrs absolute NNN lease to Saver’s Thrift Store, a  growing national tenant . NOI $286K/yr. $3.47M. 8.25% Cap.  
4. Car-X in Glen Ellyn, IL: 4500 SF auto service center on .8 acre lot in affluent (AHI $104K/yr) Chicago metro. Long term absolute NNN corp lease.  NOI $81K/yr. $959K. 8.51% cap. 
5. Medical Office Building in El Paso, TX: 60,495 SF recently built Class-A multi-tenant medical building located on the Sierra Providence East Medical Center campus. 90% leased. NOI $629K/yr. $8.388M. 7.5% Cap.  
6. Strip Center in Grand Rapids, MI: 9647 SF strip center anchored by Starbucks and across from Woodland Shopping Center and Centerpointe Mall. Along a main retail corridor in a well-off and stable neighborhood. 100% NNN leased. NOI $278K/yr. $3.275M. 8.5% Cap.  
7. Shopping Center in Plantation, FL: 70,437 SF shopping center built in 1990 on 7.20 ac lot at a signalized intersection and close to Sawgrass Mills Mall. Anchored by Comp USA. 100% leased with excellent  and historically stable tenant mix. Price/Cap not disclosed.  
8. Strip Center in Mesa, AZ: 10,270 SF strip center with 2 freestanding structures built in 2002.  Shadow-anchored by Albertsons and across from Safeway in booming (150% since 2000) Phoenix suburbs. 100% NNN leased to 6-tenants including Chase and Starbucks. NOI $234K/yr. $2.8M. 8.4% cap.  
9. Dental Office in Fort Worth, TX: 5625 SF single-tenant office built in 2006.  Adjacent to Wal-Mart and near Fwy-121. 12-yrs NNN lease to Jefferson Dental Clinic with 38 locations. NOI $123K/yr. $1.375M. 9% Cap. 
10. Retail Building in San Jose, CA: 2614 SF two-tenants retail building at a signalized intersection close to Hwy-101. 100% NNN leased to stable tenants. NOI $59K/yr. $750K. 7.8% Cap.  

© Transmercial 2011.