09-17: MOB, Mixed-use, Anchored Shopping Centers, Retail Centers

1. MOB in Houston, TX: 21,600 SF medical office plaza built in 2006 on 2.77 ac lot anchored by Texas Children Pediatrics. Next to Hwy-90. 100% NNN leased to medical & dental tenants. NOI $338K/yr. $3.375M. 10.04% cap.
2. Medical/Retail Center in Arlington, TX: 17,674 SF mixed-use center built in 2006 on 1.9 ac lot in fast growing Dallas/Fort Worth suburbs. At a busy thoroughfare, next to CVS, across from Walgreen’s and close to I-20. 93% NNN leased to medical and retail tenants. NOI $235K/yr.  $2.5M. 9.41% cap.
3. Retail Center in Eagan, MN: 9723 SF retail center on 1.61 ac lot on/off ramp Hwy-55 in affluent (AHI of $130K/yr) St. Paul/Minneapolis metro. 87% NNN leased. NOI $132K/yr. $1.55M. 8.52% cap.
4. Retail Center in Lithonia, GA: 17,804 SF attractive retail center on 1.72 ac outparcel to Lowe’s and Wal-Mart in fast growing Atlanta metro. Across from Publix anchored center and near I-20. 100% NNN leased to credit, regional and local tenants. NOI $382K/yr. $4.5M. 8.50% cap.
5. MOB in Littleton, CO: 19,247 SF Class B medical office building on 2+ ac lot in high income Denver suburbs. Recent upgrades include: exterior/interior paint, travertine tile in the entrance, lighting, bathrooms, monument sign and more. 100% leased to 15 tenants with mostly NNN leases. NOI $246K/yr. $3.075M. 8.01% cap.
6. 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. NOI $157K/yr. $1.87M. 8.48% cap.
7. Shopping Center in Castaic, CA: 30,223 SF shopping center built in 2007 on 3.55 ac lot in growing (32.18% pop growth) and high income (AHI $107K/yr within 3 mile radius) Los Angeles county.  Next to I-5 exit. 73% NNN leased. Tenants include: O’Reilly Auto, Starbucks, El Pollo Loco, Popeyes.   NOI $473K/yr. $5.5M. 8.60% cap. Upside potential when fully leased.
8. Strip Center in Norwalk, CA: 9544 SF strip center at a corner location near I-5. 100% NNN leased to 5 tenants: City Bank, Orthopedic, Farmers Insurance, Mind's Eye and Donut Shop. NOI $160K/yr. $1.999M. 7.5% Cap.

© Transmercial 2012