Friday, December 30, 2011

12-16: REO Shopping Center, Medical Building, Cash Amercia, Aaron


  1. REO Shopping Center in Glendale, AZ: 52,247 SF shopping center consisting of four retail buildings across from Wal-Mart/ Sum’s Club anchored center and next to Fwy-101. Close to Peoria Stadium and Arrowhead Towne Center in Phoenix suburbs. 75% leased. $6.8M. 
  2. Retail Center in Pearland, TX: 7594 SF in-line retail center renovated in 1998 on .59 ac lot close to Hwy-288. In fast growing and well-off (AHI $101K/yr within 3-miles radius) Houston metro. 87% NNN leased. NOI $85K/yr. $1.3M. 6.6% cap. 
  3. Strip Center in Tampa, FL: 7838 SF well-maintained strip center built in 2008 next to main thoroughfare and close to Target, Office Depot and Lowe’s. $1.15M. NOI/Cap not provided.  
  4. Medical Building in Riverdale, GA: 12,256 SF well –maintained multi-tenant medical building anchored by DaVita close to Southern Regional Medical Center in Atlanta outskirts. 100% NNN leased to three tenants: DaVita, Hearing Doctors of GA and Southside Medical Center. NOI $174K/yr. $1.833M. 9.5% cap.  
  5. Cash America in El Paso, TX: 5000 SF newly constructed single-tenant retail building on .96 ac lot adjacent to Wal-Mart & Lowe’s and along main corridor.  Absolute NNN lease (NYSE: CSH). NOI $100K/yr w/10% increases every 5-yrs. $1.3M. 7.75% cap.  
  6. Aaron’s in Springfield, OR: 8500 SF single-tenant building on .69 ac lot across from WinCo Foods and near Hwy-126. NNN leased till 2026. NOI $110K/yr. $1.58M. 7% cap.

© Transmercial 2011

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