Monday, October 31, 2011

10-13: Shopping Center


  1. Shopping Center in Murrieta, GA: 31, 529 SF shopping center built in 2006 on 2.87 ac lot at a signalized corner. Across from Lowes/Kohl’s and with excellent access to I-15 in fast growing and affluent ($AHI $93K/yr) Atlanta metro. 44% leased. NOI $300K/yr. $4.2M. 7.16% cap. Upside Potential.  
  2. Strip Center in San Antonio, TX: 12,231 SF newly constructed strip center anchored by The Home Depot and close to Wal-Mart, Office Depot, Best Buy and Sam’s Club anchored-center. Along major retail thoroughfare and close to I-37. 100% NNN leased. NOI $270K/yr. $3.564M. 7.6% cap.  
  3. Shopping Center in Cordova, TN: 20,400 SF beautiful shopping center built in 2005 on 2.39 ac lot in high income (AHI $104K/yr) Memphis suburbs. 100% NNN leased. NOI $317K/yr. $3.25M. 9.75% cap.  
  4. Shopping Center in Omaha, NE: 40,419 SF well-maintained shopping center on 5.19 ac lot across from Hy-Vee Grocery anchored center and close to Alegent Health Lakeside Hospital. 88% NNN leased. NOI $491K/yr. $5.685M. 8.64% cap.
© Transmercial 2011

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