- Shopping Center in Katy, TX: 32,845 SF attractive shopping center in growing and affluent Houston suburbs. Near Katy Mills Mall with over 175 stores and I-10. Tenants include: DaVita, DRH Radiology, Edward Jones, Minuteman Press, State Farm, Pin Oak Cleaners, Pizza-Bella, Snowflake Donuts, Amy’s Unique Boutique, What’s Poppin, OPI Nails, Cazadores, Cute & Sassy and Studio. 93% NNN leased. NOI $558K/yr. $7.5M. 7.50% cap.
- AutoZone in Fresno, CA: 7000 SF retail building completed in 2008 on nearly one ac lot at a signalized corner location. 15-yrs NNN- corp lease with over 9-yrs left. NOI $156K/yr with a 10% rent increase in 2018. $2.75M. 5.70% cap.
- Neighborhood Center in Las Vegas, NV: 71,000 SF attractive shopping center on 6.46 ac lot across from University Medical Center and Valley Hospital Medical Center. Close to the STRIP and I-15. 97% leased. NOI $833K/yr. $11.2M. 7.44% cap.
- Retail Center in Milford, OH: 12,000 SF attractive retail center built in 2008 on 1 ac outparcel to Meijer grocery and Home Depot. In growing high income Cincinnati suburbs. 100% NNN leased to Marco’s Pizza, Thoma & Sutton Eye Care, Sleep Outfitters, GameStop and AT& T Mobility. NOI $213K/yr. $2.665M. 8% cap.
- Apartments in El Cajon, CA: 9-units multifamily complex in densely populated and high income (AHI $90K/yr) San Diego suburbs. Across from Elementary Schools and near shopping centers and parks. 100% occupied. NOI $64K/yr. $1.055M. 6.12% cap.
- Shopping Center in Orland Park, IL: 40,000 SF well kept shopping center along major retail artery and high income (AHI $98K/yr in 3 miles) in Chicago suburbs. Close to 1,200,000 SF Orland Square Mall. Pro forma NOI $406K/yr. $4.4M. 9.22% pro forma cap.
- Walgreen’s in Orange Park, FL: 13,905 SF drive-thru pharmacy on over 2 ac lot at a hard corner location in high income Jacksonville suburbs. 100% NNN lease with 3-yrs left. NOI $247K/yr. $3.263M. 7.60% cap.
(c) Transmercial 2014
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