01-26: Walgreen's, Mix-Used Property, Shopping centers

1. Walgreen’s in Lithonia, GA: 15,120 SF pharmacy built in 2001 on over 2 ac lot at a signalized intersection in fast growing & high income Atlanta metro. Across from Kroger and Dollar Tree anchored center. 100% NNN- lease till 2021. Store with over $6.34M in sales. NOI $332K/yr. $4.292M. 7.75% cap. 
2. Shopping Center in Melbourne, FL: 21,100 SF 4-yrs old shopping center with large monument sign and near I-95 in growing/middle-class coastal town. 70% leased. NOI $142K/yr. $1.995M. 7.14% cap. Huge potential! 
3. Strip Center in Minneapolis, MN: 7038 SF newly-renovated strip center on .39 ac lot near I-35W. 100% NNN leased to 5-tenants. AHI of $114K/yr in 1 mile. NOI $115K/yr. $1.315M. 8.75% cap. 
4. Mix-Used Center in Fair Oaks, CA: 10,506 SF well-maintained office/retail center built in 1990 on .86 ac corner lot along busy blvd in growing upper middle-class Northeast Sacramento. 83% leased. NOI $100K/yr. $1.4M. 7.13% cap.  
5. Shopping Center in Fort Worth, TX: 33,120 SF in-line shopping center on 2.79 acres of land next to I-20. 78% leased to 12-tenants. NOI $135K/yr with 34% below market rents. $1.8M. 7.50% cap.  
6. Strip Center in Manor, TX: 15,438 SF strip center anchored by Anytime Fitness at a corner location in Austin metro. NNN leased with only 1 vacant unit. NOI $304K/yr. $3.25M. 9.36% cap.   
7. Shopping Center in The Woodland, TX: 18,773 SF recently built shopping center on 1.95 ac lot anchored by Memorial Hermann Hospital and across from Super Wal-Wart.  In growing & upscale (AHI $92K/yr within 3-miles) area North of Houston. 100% NNN leased. NOI $431K/yr. $6M. 7.2% cap.  
8. Shopping Center in Fresno, CA: 106,104 SF well-kept shopping center on over 15 acres of land. Anchored by Save Mart, Dollar Tree and Gold’s Gym with excellent visibility and easy access to Hwy-168. 70% leased. Pro forma NOI $1.276M/yr. $13.8M. 9.25% cap.

© Transmercial 2012