10-02: K1 Speed, DaVita, Office Center, Retail Centers

1. Retail Center in North Lauderdale, FL: 16,044 SF well kept retail center on nearly 1 ac lot at a high traffic location and in a densely populated area. All units face main thoroughfare. 100% leased to 13 local tenants. NOI $176K/yr. $2M. 8.84% cap.
2. K1 Speed in Arlington, TX: 43,838 SF Electric Indoor Kart Racing built in 1992 on 4+ ac lot located in prominent Dallas/Ft Worth metro entertainment area. Over $1M or capital improvements currently taking place. Close to Six Flags and Cowboys Stadium.  12 yrs NNN- lease with 11+ yrs left to a fast growing business with 19 locations. NOI $408K/yr with 3% annual rent increases. $5.105M. 8% cap.
3. Retail Center in North Las Vegas, NV: 11,458 SF attractive retail center built in 2007 on 3.68 ac lot. At a busy signalized intersection in growing upper middle-class area with an AHI of $82K/yr in 3 mile radius. 100% NNN leased to eight tenants. NOI $251K/yr. $3.497M. 7.21% cap.
4. Shopping Center in Dallas, TX: 84,327 SF newly renovated shopping center on 6+ ac lot anchored by Dollar Tree, Anna Linen’s and free-standing dual branded Taco Bell/Long John Silver’s. Close to Southwest Center Mall and I-20. Pro forma NOI $647K/yr. $7.95M. 8.14% cap.
5. Retail Center in Westminster, CO: 24,029 SF attractive retail center at a hard corner location in upper middle class area. 88% leased to At The Beach, Spring Communications, Edward Jones, Ideal Image, Koko FitClub, Bright Now Dental, Little Anita’s Restaurant, Rockie's Coffee House, Noble House Restaurant and Prestige Nails. NOI $493K/yr. $6.575M. 7.50% cap.
6. Neighborhood Center in Mesa, AZ: 156,803 SF shopping center and 14,560 SF ground lease (land is for sale) Walgreen’s on 16.70 acres of land. Anchored by 47,430 SF Goodwill, Jo-Ann and Dollar General.  Close to Banner Baywood Medical Center. 90% leased. NOI $1.128M/yr. $12M. 9.40% cap.
7. Retail Center in Fayetteville, GA: 24,600 SF attractive retail center built in 2005 on 3 ac lot in high income Atlanta suburbs with an AHI of $89K/yr in 5 mile radius. All units face Hwy-92. 100% leased to credit, regional and local tenants. NOI $391K/yr. $4.6M. 8.50% cap. 
8. DaVita in Escondido, CA: 7,025 SF recently remodeled dialysis center in growing San Diego metro. Close to Palomar Medical Center. 100% NNN lease with 6 yrs left. NOI $213K/yr with 3% annual rent increases. $3.712M. 5.75% cap.
9. Strip Center in Kansas City, MO: 15,046 SF attractive strip center built in 2009 along major corridor and close to I-35. Adjacent to North Kansas City Hospital. 100% leased to Donut King, G. De Laurent Dentistry, K.C Health & Wellness Clinic, InsureOne, Care ACT, ETC Physical Therapy, Apria and Quizno’s. $3.5M. NOI/Cap not provided.
10. Office Center in Madison, WI: 36,220 SF consisting of three well maintained office buildings on 2.80 ac lot in a high income area. Close to West Towne Mall and next to Hwy-12/14. NOI $198K/yr. $2.225M. 8.90% cap.

© Transmercial 2013