03-04: MOB, Professional Building, Retail Centers, Strip Centers

1. Retail Center in Arlington, TX: 13,758 SF well maintained retail center built in 2005 on 1.72 ac lot in fast growing Fort Worth/Dallas suburbs. Across from Tarrant County College. 74% NNN leased to Subway, Too Foxi Nails, Campus Donuts, Air Dental, Alsafa Food Mart, Ana Moreno Salon and Islamic Society Mosque. NOI $150K/yr. $1.8M. 8.37% cap. Upside potential.
2. Shopping Center in Conroe, TX: 27,125 SF shopping center built in 2005 on 2+ ac lot in growing and high income Houston metro. 100% NNN leased. NOI $298K/yr. $3.25M. 9.20% cap.
3. Strip Center in Sacramento, CA: 5818 SF well kept strip center on .52 ac lot along main corridor. Close to Town and Country Village, a Power Center with T.J.Maxx, Save Mart, Trader Joes and Ross Dress for Less. 100% leased to three tenants. NOI $93K/yr. $1.49M. 6.25% cap.
4. Retail Building in Mesa, AZ: 4900 SF attractive retail building on 1 ac outparcel to center anchored by Bashas’ grocery, Big 5 Sporting, Dollar General, Harbor Freight Tools and Goodwill. 100% leased to Filiberto’s Mexican Food T-Mobile and Chase (ATM). NOI $131K/yr. $1.843M. 7.12% cap.
5. MOB in Escondido, CA: 9376 SF Class-B office building on .64 ac lot in Southern California. Near Palomar Medical Center. 100% leased to multiple tenants. NOI $133K/yr. $1.8M. 7.25% cap.
6. Staples in Woodland, CA: 24,120 SF attractive Staples in Northwest Sacramento and close to I-5. Adjacent to Wal-Mart and Home Depot. 100% leased. NOI $246K/yr. $3.075M. 8% cap.
7. Professional Building in Las Vegas, NV: 20,263 SF Class-B professional office building completed in 1997 just minutes from the Strip and near I-15. 83% leased to UFC, RAGE, attorney and chiropractor. NOI $221K/yr. $2.995M. 7.40% cap.
8. Strip Center in Saint Petersburg, FL: 9115 SF attractive strip center on .82 ac lot at a signalized intersection at a main retail artery. Close to Tyrone Square Mall. 100% leased. NOI $147K/yr. $1.79M. 8.25% cap.
9. Retail Center in Oklahoma City, OK: 16,775 SF well maintained retail center on 1 ac lot between Shepherd Mall and Oklahoma City University. NNN leased to multiple tenants. NOI $200K/yr. $2.5M. 8% cap.
10. Shopping Center in Banning, CA: 44,291 SF attractive shopping center built in 1990 on 3.36 ac lot in growing Riverside County. Adjacent to Sun Lake Village Center with Best Buy, Walmart Supercenter and Home Depot. Near I-10. 92% leased. Pro forma NOI $745K/yr. $10.006M. 7.45% pro forma cap.

            (c) Transmercial 2014