11-01: Shopping center, medical office building, EZ Pawn, REO'ed center, Industrial Building

• AHI: Avg. Household Income.  National average is about $50+K/yr.
• NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.
• NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.
• NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1.  Shopping Center in Oviedo, FL: 19,800 SF 13-units shopping center built in 1993 at a hard corner location in Orlando metro.  Close to the University of Central Florida serving over 56,000 students. 73% leased to solid tenants. NOI $192K/yr. $1.93M. 9.96% cap. 
2. Retail Center in Oviedo, FL: 7600 SF retail center built in 2001 on .96 ac outparcel to Publix anchored shopping center in well-off (AHI $85K/yr) Orlando suburbs. 100% leased. NOI $172K/yr. $2.175M. 7.95% cap. 
3. Medical Office Building in Sugar Land, TX: 8970 SF Class-A multi-tenant office building developed in 2005 on .96 ac lot in wealthy (AHI $118K/yr within 3-mi radius) Houston metro.  Close to Methodist Sugar Land Hospital, First Colony Mall and Fwy-59. 100% leased. NOI $199K/yr. $2.554M. 7.80% cap.  
4. EZ Pawn in Tulsa, OK: 10,300 SF retail building close to downtown and easy access to I-244/Fwy-412. New 12-years NNN corp lease. NOI $82K/yr. $1.65M. 7.75% cap. 
5. Retail Center in Irving, TX: 67,503 SF upgraded retail center on 6.25 acres outparcel to Target and next to Fwy-183. In middle-class area just minutes from Dallas downtown. 82% NNN leased. NOI $563K/yr. $5.45M. 10.35% cap.   
6. Office Building in Flower Mound, TX: 6552 SF 10-yrs old class-A office building on .96 ac lot in affluent (AHI $138K/yr) Dallas suburbs. 100% absolute NNN lease to Coldwell Banker Real Estate with 5 yrs term. NOI $146K/yr. $1.55M. 9.5% cap. 
7. Shopping Center in Spartanburg, SC: 99,271 SF shopping center anchored by Food Lion grocery store. 93% leased with 88% space to national tenants. Pro forma NOI $547K/yr. $6.1M. 8.97% cap. 
8. REO’ed Retail Center in Tempe, AZ: 19,828 SF 10-units retail buildings constructed  in 2006 on 2.20 ac lot with easy ingress/egress close to I-10 in well-off (AHI $96K/yr within 3-mi) Phoenix suburbs. 75% NNN leased. NOI $230K/yr. $2.8M. 8.23% cap. Upside potential. 
9. Shopping Center in East Windsor, NJ: 25,500 SF shopping center along Hwy-130. In prosperous (AHI $119K/yr within 3-mi) Philadelphia suburbs. 100% NNN leased. NOI $584K/yr. $7.499M. 7.8% cap. 
10. 10.  Industrial/Office Building in San Jose, CA: 22,400 SF newly remodeled office building on 2.68 acres lot close to Hwy-101/87. $1.27M. Just $56/SF!

© Transmercial 2011