- Shopping Center in Forney, TX: 31,160 SF 14-unit shopping center built in 2008 on 3.53 acres lot with Hwy-80 frontage in Dallas suburbs. High AHI of $83K/yr in 1 mile. 80% NNN leased. Current NOI $355K/yr. $4.72M. 7.52% cap. Upside potential when 100% leased.
- Strip Mall in El Sobrante, CA: 11,200 SF mature strip center on 1.28 ac lot in wealthy (AHI $101K/yr) San Francisco suburbs. 100% leased. NOI $154K/yr. $2.2M. 7% cap.
- Value-add retail plaza in Houston, TX: 22,250 SF retail plaza built in 2004 on 2.05 ac corner lot in middle class area. 81% leased. Actual NOI $214K/yr. $2.404M. 8.93% cap. Just $108/SF!
- Shopping Center in Dallas, TX: 31,424 SF mature shopping center on 3 ac lot near I-635 on ramp. 92% leased. NOI $323K/yr. $4.2M. 7.52% cap.
- Multi Family in San Diego, CA: 14-unit multi-family built in 1985. 100% occupied. Gross income $128K/yr. $1.2M.
- Emory Healthcare in Duluth, GA: 4985 SF single-tenant medical office building completed in 1990 on 1.12 ac lot in high-income Atlanta suburbs. 12 yrs NNN lease to Emory Healthcare, a subsidiary of Emory University (S&P: AA), is the largest health care system in Georgia and produces annual revenues of $3B. NOI $97K/yr with 2.5% annual rent bumps. $1.495M. 6.5% cap.
- Retail center in Coconut Creek, FL: 7250 SF retail center on 1.08 ac lot in high-income (AHI $91K/yr) Fort Lauderdale metro. 100% leased to Stryke Gym with 4 yrs left. NOI $113K/yr. $1.55M. 7.31% cap.
- Starbucks in Bakersfield, CA: 1700 SF Starbucks coffee built in 2007 on ½ ac lot across from Costco. 100% NNN lease with 10 yrs left. NOI $75K/yr. $1.499M. 5% cap.
- Strip center in Alpharetta, GA: 12,640 SF strip center built in 2006 on 1.5 ac lot in upscale Atlanta suburbs with AHI $126K/yr. 90% leased. NOI $241K/yr. $2.3M. 10.48% cap.
- Shopping Center in Brooklyn Center, MN: 40,250 SF shopping center on 4.11 ac lot in Minneapolis metro. 89% leased. NOI $377K/yr. $4.195M. 9% cap.
© Transmercial 2013
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