Wednesday, December 4, 2013

11-20: Walgreens, MOB, Shopping Centers



  1. Walgreens in Dallas, TX: 13,905 SF well maintained drive-thru pharmacy built in 1998 on over 1 ac lot at a signalized corner location and along main retail corridor. Good demographics: AHI of $92K/yr in 3 mile radius. 20 yrs NNN lease with 5+ yrs left. NOI $292K/yr. $3.893M. 7.50% cap.
  2. Shopping Center in Moreno Valley, CA: 42,987 SF attractive shopping center built in 1991 on 5 ac lot at a hard corner location in fast growing Riverside County. 67% NNN lease. Actual NOI $404K/yr. $6.216M. 6.50% actual cap. Upside potential.
  3. Shopping Center in Dallas, TX: 25,000 SF well maintained shopping center at a hard corner location on an off/on ramp of I-635. 84% NNN leased to national & local tenants. NOI $235K/yr. $2.94M. 8% cap.
  4. MOB in Fort Worth, TX: 9670 SF Class-B office building at a hard corner location in fast growing area. 100% leased to multiple tenants. NOI $68K/yr. $850K. 8% cap.
  5. Shopping Center in Madison, WI: 27,000 SF eye-catching shopping center at a signalized corner location in a high income (AHI $96K/yr) state capital city. 100% NNN leased with excellent tenant mix. NOI $399K/yr. $4.99M. 8% cap.
  6. Retail Center in Niles, IL: 25,992 SF retail center on 1.53 ac lot at main retail corridor. Across from 1,057,000 SF Golf Mill Shopping Center, a regional mall. 100% leased. NOI $315K/yr. $4.5M. 7% cap.
  7. Strip Center in Allen, TX: 9611 SF strip center built in 2004 on .96 ac lot in a fast growing and high income area. 87% NNN leased. Actual NOI $131K/yr. $1.55M. 8.46% cap.

            (c) Transmercial 2013

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