01-13: REO'ed Centers, Professional Plaza, Strip Centers

1. Retail Building in Coppell, TX: 9207 SF Class-A retail building on 1.37 a lot at a hard corner location of Hwy-121. In a fast growing (76.78% pop growth) and affluent (AHI $103K/yr in 1 mile) Dallas metro. Close to Vista Ridge Mall. 100% NNN leased to Zimmer Medical Supplies and Tranquility Dental. NOI $138KI/yr. $1.985M. 7% cap.
2. Retail Center in Cincinnati, OH: 15,700 SF attractive retail center renovated in 2012 on 1.88 ac lot at a signalized corner location. Tenants include: Aspen Dental, Original Mattress Factory, Cricket Communications, Salon Centric, Miracle-Ear and Check N’ Go. 87% leased with only 1 vacancy. NOI $288K/yr. $3.495M. 8.25% cap.
3. REO’ed Center in Warner Robins, GA: 15,000 SF eye-catching bank owned retail center on 1.81 ac lot in growing and high income (AHI $99K/yr) area. 100% leased. NOI $136K/yr. $1.795M. 7.60% cap.
4. Strip Center in Tempe, AZ: 8,750 SF attractive strip center built in 2006 on .81 ac lot at a signalized location in high income Phoenix suburbs. Adjacent to Albertson’s center. 86% NNN leased. NOI $227K/yr. $3.036M. 7.50% cap.
5. Professional Plaza in Mesa, AZ: 26,348 SF Class-B professional plaza constructed in 2001 on 2½ ac lot at a hard corner location in high income Phoenix suburbs. 100% leased. NOI $313K/yr. $3.8M. 8.25% cap.
6. Shopping Center in Indian Head Park, IL: 17,992 SF well kept shopping center built in 1998 on nearly 2 ac lot along major retail artery. Next to Walgreens and close to I-294/55. 100% NNN leased. NOI $323K/yr. $4.195M. 7.70% cap.
7. Strip Center in Everett, OR: 7091 SF attractive strip center on .70 ac lot in high income Seattle suburbs with an AHI of $110K/yr in I mile. 85% NNN leased. NOI $99K/yr. $1.15M. 8.62% cap.
8. Retail Center in West Melbourne, FL: 61,746 SF retail center built in 2001 on 6.50 ac lot adjacent to Sam’s Club with easy access to I-95.  85% NNN leased.  NOI $375K/yr $4.7M. 7.98% cap.
9. Retail Center in Westerville, OH: 11,000 SF well maintained retail center on 1+ ac lot in growing and affluent Columbus suburbs with an AHI of $119K/yr in 1 mile. 87% leased. NOI $95K/yr. $1.15M. 8.30% cap.  

            (c) Transmercial 2014