Wednesday, May 7, 2014

04-23: MOB, Apartments, Jiffy Lube, TGI Fridays, Neighborhood Center, Retail Center



  1. Retail Center in Houston, TX: 8056 SF attractive retail center along main retail corridor. Close to Willowbrook Mall and Hwy-249. 100% NNN leased to Darque Tan, Medina Flooring and Artistic Salon. NOI $116K/yr. $1.35M. 8.65% cap.
  2. Retail Plaza in Houston, TX: 36,549 SF two story retail center on 3.74 ac lot with excellent egress/ingress. Close to West Houston Medical Center. 10.54% cap. NOI/Price N/A.
  3. MOB in Sacramento, CA: 7661 SF attractive single-tenant medical office building completed in 2004 on .74 ac lot in fast growing area. 100% NNN lease with 3-yrs left. NOI $207K/yr with % annual rent increases. $2.967M. 7% cap.
  4. Apartments in San Bernardino, CA: 11-unit well-kept multifamily complex on .40 ac lot close to schools, shopping centers, Hwy-259 and I215. 90% occupied. NOI $56K/yr. $820K. 6.87% cap.
  5. TGI Fridays in Akron, OH: 7356 SF franchised casual restaurant built in 1998 on 1.87 ac lot at in growing and high income (AHI $94K/yr) Cleveland metro. Close to I-77. 100% absolute NNN lease with 9-yrs left. NOI $222K/yr. $2.965M. 7.50% cap.
  6. Shopping Center in Columbus, OH: 43,291 SF well maintained shopping center on over 4 ac lot at a major road. Close to I-71. Excellent tenant mix: Family Dollar, AutoZone, Domino's Pizza, Everyday People Ministries, Precious Moments, and La Michoacana Market. 100% leased. NOI $336K/yr. $3.31M. 10.17% cap.
  7. Shopping Center in Lisle, IL: 21,939 SF shopping center on 1.33 ac lot in high income Chicago suburbs. 90% leased. NOI $280K/yr. $2.825M. 9.92% cap.
  8. Jiffy Lube in Burbank, IL: 1958 SF well maintained Jiffy Lube on .48 ac lot at a hard corner location in Chicago suburbs. 100% NNN lease with 5-yrs left to largest franchisee in the USA. NOI $58K/yr. $756K. 7.75% cap.
  9. Retail Center in San Bernardino, CA: 12,414 SF retail center at a hard corner location. Tenants include: Restaurant, Nail Salon, Nutrition shop, Office use, Bakery, Cell-phone Store,
    Massage Salon, Gift Shop, and Barber Shop. $1.699M. NOI/Cap N/A.
  10. Neighborhood Center in Louisville, KY: 120,393 SF mature community center on 15 ac lot anchored by Grocery Market in growing middle-class area. 90% leased with good tenant mix. 8% cap. NOI/Price N/A.

            (c) Transmercial 2014

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