- Shopping Center in Hattiesburg, MS: 45,927 SF shopping center built in 1992. Anchored by TJ Maxx and shadow-anchored by Hobby Lobby & across from Turtle Creek Mall. 97% NNN leased. NOI $416K/yr. $5.5M. 8.24% cap.
- Mixed-Use Center in Oakbrook Terrace, IL: 15,366 SF recently upgraded retail/office building close to Oakbrook Center Mall and I-88. Excellent demographics: AHI $102K/yr. in Chicago suburbs. NOI $266K/yr. $2.495M. 10.7% cap.
- Retail Building in Morrow, GA: 15,000 SF two-tenant retail building on an outparcel to Southlake Pavilion power center with The Home Depot, Target Staples, Old Navy and Hhgregg. Excellent access to I-75 in Atlanta metro. 100% NNN leased to Dollar Tree (new 10 yrs lease) and Men’s Wearhouse. NOI $154K/yr. $1.812M. 8.5% cap.
- Medical Office in Tempe, AZ: 12,510 SF multi-tenant medical office on 1.32 ac lot close to Tempe St. Luke’s Hospital and Banner Desert Medical Center. 77% leased to established tenants. NOI $128K/yr. $1.6M. 8% cap.
- Family Dollar in Katy, TX: brand-new 8000 SF single-tenant retail building near I-10 in fast growing and high income Houston MSA. NNN- corporate lease till 2022. NOI $107K/yr. $1.34. 8% cap.
- Shopping Center in Shenandoah, TX: 37,444 SF high-quality shopping center on 2.87 ac lot adjacent to power center anchored by Sports Authority, Old Navy, Sam’s Club, Michael’s and Stein Mart & near The Woodlands Mall in upscale Houston suburbs. 100% NNN leased. NOI $714K/yr. $8.4M. 8.5% cap.
© Transmercial 2011.
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