Thursday, February 27, 2014

02-13: Pollo Regio, MOB, Office Blng, Retail Centers



  1. Retail Center in Lansing, IL: 22,528 SF well maintained retail center along major retail corridor in Chicago suburbs. Shadow anchored by Wal-Mart and Burlington Coat Factory center. Across from Home Depot and close to River Oaks Mall. NOI $255K/yr. $2.858M. 8.95% cap.
  2. Retail Center in Parker, CO: 21,440 SF nine-units high quality construction retail center built in 2009 on 2.36 ac corner lot in affluent (AHI $113K/yr) Denver suburbs.  90% leased. NOI $438K/yr. $5.809M. 7.50% cap.
  3. Pollo Regio in McKinney, TX: 2628 SF drive-thru restaurant on .79 ac lot along Hwy-75 in Dallas suburbs. 15-yrs absolute NNN lease to strong regional tenant with over 14-yrs left. NOI $96K/yr with a 10% rent bump in yrs-6 & 11. $1.6M. 6% cap.
  4. MOB in Pickerington, OH: 12,539 SF Class-A single-tenant medical office building completed in 2011 in growing and high income Columbus metro. 15-yrs NNN lease with 13-yrs left to Pediatric Associates, Inc. strong tenant with 4 locations and 23 doctors in business for over 50 years. NOI $275K/yr with 2% annual rent increases. $3.93M. 7% cap.
  5. Office Building in Las Vegas, NV: 10,000 SF 11-yrs old Class-B 2-story office building on .69 ac lot in growing and high income area with an AHI of $80K/yr in 1 mile.  Close to Hwy-215. 100% leased with 50% space leased to a medical tenant with 3% annual rent bumps. NOI $124K/yr $1.698M. 7.35% cap.
  6. Office Building in Newtown Square, PA: 15,000 SF Class-A office building on 2 ac lot in affluent (AHI $130K/yr in 3 mile radius) Philadelphia suburbs. Across from Main Line Heath. 100% NNN leased by multiple tenants. NOI $265K/yr. $2.95M. 9% cap.
  7. Retail Center in Tallahassee, FL: 22,000 SF well maintained retail center built in 2002 on over 2 ac lot in a growing middle-class area. All units face main road. Tenants include: restaurant, health & nutrition, Real Estate Office, Aquarium Sales & Svcs, Office, Furniture Store and Hair Salon. 87% leased. NOI $152K/yr. $1.9M. 8% cap.

            (c) Transmercial 2014

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