03-26: Sprouts Farmers Market, Hobby Lobby, Urgent Care, Senior Housing, Professional Center

1. Sprouts Farmers Market in Cedar Park, TX: 27,029 SF brand new grocery store on over 3 ac lot in high income Austin area. 15-yrs NNN- corp lease to a growing regional tenant. NOI $466K/yr with rent bumps every 5-yrs. $7.775M. 6% cap.
2. Hobby Lobby in Birmingham, AL: 56,030 SF big box retail building completed in 2004 on 1.48 ac lot part of Village at Lee Branch, a 506,527 SF Power Center with Publix, Carmike Cinemas and Academy Sports. Great demographics with an AHI of $133K/yr in 1 mile. 15-yrs NNN- lease with 5+ yrs left. $6.35M. 7.50% cap.
3. Strip Center in North Las Vegas, NV: 10,400 SF attractive strip center built in 2004 on 1.56 ac lot along major retail corridor. Shadow anchored by Food 4 Less. 100% NNN leased to nine tenants. NOI $248K/yr. $3.225M. 7.72% cap.
4. Urgent Care in Alexandria, LA: Well maintained Emergency Care Facility in high income area close to Christus St Frances Cabrini Hospital. New 7-yrs NNN lease. NOI $132K/yr with attractive annual rent increases. $1.7M. 7.81% cap.
5. Retail Center in Mount Clemens, MI: 26,580 SF attractive retail center on 4+ ac lot anchored by Dollar General in growing Detroit suburbs. All units face Hwy-97. 100% NNN leased. NOI $257K/yr. $3.224M, 8% cap.
6. Strip Center in Norcross, GA: 9252 SF strip center built in 2008 on .63 ac lot at a signalized corner location in growing Atlanta suburbs. 100% leased. NOI $174K/yr. $2.175M. 8.02% cap.
7. Professional Center in Tinley Park, IL: 17,500 SF Class-B consisting of four buildings in fast growing and upper middle class Chicago suburbs. 91% leased to multiple tenants. NOI $115K/yr. $1.05M. 11% cap.
8. Shopping Center in Carrolton, TX: 48,400 SF well kept shopping center on over 4 ac lot along main thoroughfare in fast growing Dallas suburbs. $3.895M. NOI/Cap N/A.
9. Senior Housing in Yuba City, CA: 50-bed assisted living facility on .61 ac lot across from Fremont Hospital. In growing City just North of Sacramento. 100% NNN occupied. NOI $96K/yr. $1.1M. 8.73% cap.
10. Retail Center in Wayne, MI: 25,587 SF attractive retail center built in 1999 anchored by Rite Aid in Detroit suburbs. Near Ford Assembly Plant. 9% cap. NOI/Price N/A.

            (c) Transmercial 2014