02-04: Big Lots, Chuck E Cheese's, MOB, Shopping Centers

1. Shopping Center in Humble, TX: 64,785 SF shopping center built in 2007 on 7+ ac lot at a hard corner location in high income Houston suburbs. 95% NNN leased to retail & medical tenants. NOI $1.134M/yr. $14.595M. 7.77% cap.
2. Big Lots (S&P BBB-) in Chico, CA: 24,370 SF retail building between Target and Toys “R” Us in fast growing area in Northern CA. Across from Chico Mall and close to Hwy-99. 100% absolute NNN lease. NOI $178K/yr. $2.75M. 6.50% cap.
3. Strip Center in Cedar Park, TX: 5400 SF attractive strip center built in 1997 on .69 ac lot in growing and upper middle-class Austin suburbs. 100% leased to four tenants. NOI $123K/yr. $1.6M. 7.70% cap.
4. Chuck E Cheese’s in Orlando, FL: 11,728 SF entertainment center on 1.57 ac lot at a major retail artery. Near Hwy-4. Tenant has been at this location since 1998. 100% NNN lease with 5 yrs left. NOI $99K/yr. $1.282M. 7.75% cap.
5. Shopping Center in Las Vegas, NV: 30,000 SF shopping center on 2.43 ac lot in densely populated area. Near Meadows Mall and Hwy-95. 92% leased. NOI $270K/yr. $3.6M. 7.50% cap.
6. Retail Center in Aurora, CA: 32,138 SF recently renovated in 2013 on 2.56 ac outparcel to 62,400 SF H-Mart grocery in growing Denver suburbs. 92% NNN leased. NOI $388K/yr. $4.9M. 7.93% cap.
7. Retail Center in Spring, TX: 29,507 SF attractive retail center completed in 2007 on 3+ ac lot in growing (75.27% pop growth since 2000) and high income (AHI $94K/yr in 3 mile) Houston suburbs. 93% NNN leased. NOI $425K/yr. $4.9M. 8.48% cap.
8. MOB in Jacksonville, FL: 20,754 SF Class-A medical office building on 2 ac lot close to St. Vincent’s Medical Center Southside and I-95. 100% NNN leased to Vascular Access Center, Physicians Online, Protection One and Medimix. NOI $206K/yr. $2.75M. 7.50% cap.
9. Shopping Center in Memphis, TN: 35,502 SF shopping center along Hwy-64. Near Wolfchase Galleria Mall and I-40. $2.15M. NOI/Cap N/A.

            (c) Transmercial 2014