Friday, September 28, 2012

09-14: Rite Aid, Shopping Centers, MOB



  1. Retail Center in Pearland, TX: 8000 SF retail center built in 2004 on .88 ac outparcel to The Home Depot in prosperous Houston suburbs with an AHI of $129K/yr in 1 mile. Across from Walgreens and near Wal-Mart Supercenter. 100% leased to 6 tenants including Navy Career Center, The Fish Place, T-Mobile, Donuts Delight, Game Stop, and Cricket Wireless. 8.48% cap. NOI/Price not disclosed.
  2. Rite Aid in Westlake, OH: 11320 SF drive-thru Rite Aid pharmacy built in 1998 on 1.61 ac lot at a high traffic location and in high income (AHI $85K/yr) neighborhood in Cleveland metro. 100% absolute NNN lease with 9 yrs left. NOI $390K/yr. $4.108M. 9.50% cap.
  3. Neighborhood Center in Virginia Beach, VA: 58,230 SF well maintained center on 7.60 acres of land anchored by Food Lion supermarket at busy corridor. 98% leased with only one 1,044 SF unit vacant. NOI $324K/yr. $3.395M. 9.56% cap.
  4. Shopping Center in Duarte, CA: 28,980 SF attractive shopping center con 1.80 ac lot at a signalized corner in a densely populated Southern CA area. 53% leased. $4.15M. Cap/NOI not provided.
  5. MOB in Oklahoma City, OK: 18,160 SF single-tenant medical office building constructed in 1997 on 2.28 ac lot near Lake Hefner in affluent (AHI $129K/yr) Oklahoma City. 100% leased to a Lake Hefner Cancer Center. $4.3M. NOI/Cap not available.
  6. Shopping Center in Kissimmee, FL: 42,158 SF shopping center built in 1992 in Orlando suburbs. Close to Florida Hospital and I-4. NNN leases. 8% cap. Price/NOI not disclosed.
  7. Retail Center in Lexington, SC: 7500 SF attractive retail center in fast growing (74.68% pop growth since 2000) and high income (AHI $104K/yr) Columbia suburbs. Across from Target and Best Buy. 100% NNN leased to Hair Salon, Nail Salon, Karate School and Bakery. 12% cap. NOI/Price not disclosed.

© Transmercial 2012

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