Monday, November 26, 2012

11-08: Neighborhood Center, Shopping Centers, Retail Centers



  1. Retail Center in Huntington Park, CA: 5500 SF retail center built in 2007 on .24 ac corner lot along major retail corridor in densely populated with over 1,000,000 residents within 5 miles. Near Community Hospital. 100% NNN leased. NOI $70K/yr. $835K. 8.40% cap.
  2. Neighborhood Center in North Olmsted, OH: 64,950 SF shopping center on 6+ acres of land in Cleveland metro. Tenants include: Babies R Us, Vitamin Shoppe, Dollar Tree and Regency Beauty Institute. Across from 627,000 SF plaza Great Northern Mall. 100% NNN leased. NOI $562K/yr. $7.975M. 7.05% cap.
  3. Shopping Center in West Sacramento, CA: 22,198 SF well maintained shopping center on 1.61 ac lot at a signalized corner location. Close to IKEA, The Home Depot, Super Wal-Mart and I-80. 92% NNN leased. NOI $451K/yr. $5.28M. 8.56% proforma cap.
  4. Retail Center in Flower Mound, TX: 6500 SF high quality construction retail center on 1 ac lot at major retail corridor in growing and high income (AHI $153K/yr) Dallas suburbs. 100% NNN leased to Starbucks Coffee, Zoes Kitchen and Beverly Hills Rejuvenation Center. NOI $212K/yr. $3.075M. 6.91% cap.
  5. Distressed Retail Center in Kennesaw, GA: 11,378 SF retail center built in 2007 on 1.87 ac lot at main retail corridor in Atlanta metro. Close to Home Depot and I-75. $1.275M. NOI/Cap not provided.
  6. Retail Building in Oakdale, CA: 4290 SF attractive retail center on .87 ac lot in Northern California near Modesto. Near Save Mart center, K mart and Raley’s center. 100% NNN leased to Starbucks, Mr. Pickles and Supercuts. NOI $133K/yr. $1.9M. 7% cap.
© Transmercial 2012

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