04-02: Family Dollar, Mixed-Use, Shopping Centers

1. Shopping Center in Lebanon, OH: 39,602 SF shopping center built in 2007 on over 5 ac outparcel to Walmart Supercenter in Cincinnati suburbs. 82% NNN leased with good tenant mix. Actual NOI $365K/yr. $4.57M. 8% actual cap. Upside potential.
2. Neighborhood Center in Smyrna, GA: 185,475 SF well maintained shopping center on 16+ ac lot in Atlanta suburbs. National & regional tenants include: Food Depot, Goodwill, City Trends, Dollar General, CSL Plasma and Porter Paints. NOI $889K/yr. $9.9M. 9% cap.
3. Strip Center in Irving, TX: 6400 SF recently remodeled strip center at a major retail corridor in fast growing Fort Worth/Dallas suburbs. Across from Irving Mall with 123 stores and near Hwy-183 exit. 100% NNN leased to Sprint, Papa Murphy’s and Vapenvapor. NOI $140K/yr. $2M. 7% cap.
4. Retail Center in Tempe, AZ: 8,750 SF attractive strip center built in 2006 on .81 ac lot at a signalized location in high income Phoenix suburbs. Adjacent to Albertson’s center. 86% NNN leased. NOI $227K/yr. $3.036M. 7.50% cap.
5. Retail Center in Nanuet, NY: 10,000 SF 5-unit retail center on 1 ac outlot to Nanuet Mall in high income (AHI $104K/yr) New York metro. 90% NNN leased with 2 vacancies. Actual NOI $280K/yr. $3.5M. 8% cap.
6. Family Dollar in Indian Orchard, MA: brand new 9180 SF Family Dollar on .81 ac lot in Springfield suburbs. 10-yrs NNN- lease. NOI $139K/yr. $1.925M. 7.25% cap.
7. Shopping Center in Fayetteville, GA: 61,940 SF well maintained shopping center on 6 ac lot at a hard corner location anchored by Michaels in Atlanta suburbs. 75% leased. NOI $464K/yr. $5.37M. 8.65% cap.
8. Mixed-Use in Tampa, FL: 13,040 SF mature retail/office center at a major thoroughfare.
   Tenants include: computer repair, barber shop, insurance company, law firm, pet grooming, cupcake shop, massage therapist, and miscellaneous businesses. 100% leased. NOI $159K/yr. $1.849M. 8.60% cap.

            (c) Transmercial 2014