05-06: Office Building, MOB, Ashley Furniture, Shopping Centers

1. Shopping Center in Memphis, TN: 23,000 SF well maintained shopping center on over 3 ac lot at a main corridor. 87% leased to fifteen tenants. Actual NOI $210K/yr. $2.295M. 9.16% cap.
2. Retail Center in Canton, GA: 19,221 SF retail center built in 2001 in growing and high income area with an AHI of $90K/yr in 1 mile. Close to newly constructed 84-bed Northside Hospital. NOI $221K/yr. $2.5M. 8.84% cap.
3. Office Building in Lee’s Summit, MO: 18,500 SF Class-A office building completed in 205 on 2 ac lot in affluent (AHI $110K/yr in 3-miles) Kansas City metro. Close to I-470. 100% leased to three strong tenants. NOI $254K/yr. $2.975M. 8.57% cap.
4. Shopping Center in Spring City, PA: 23,240 SF nine units retail center on over 3 ac corner lot in high income Philadelphia suburbs. 100% leased to Spring City Dinner, Liberty Thrift, Spring Dollar, Antique Store, Barber shop, Center City Steaks and Pizza, Laundromat, Nails and Spa and Mayflower Asian Restaurant. NOI $262K/yr. $3.45M. 7.60% cap.
5. Strip Center in Fresno, TX: 14,920 SF strip center on nearly 2 ac lot along Hwy-6 in growing Houston metro. Tenants include: Western Wear, Daycare, Dentist, Adult Daycare and Barbershop Salon. 84% NNN leased. Actual NOI $131K/yr. $1.9M. 6.90% actual cap. Upside potential when fully leased.
6. Office Building in Federal Way, WA: 19,492 SF Class-B office building at a hard corner location of Hwy-99 in Tacoma/Seattle suburbs. 98% leased with only one small vacant unit. Pro forma NOI $190K/yr. $2.595M. 7.34% cap.
7. Strip Center in Tucson, AZ: 6621 SF newly constructed strip center in affluent Phoenix suburbs with an AHI of $112K/yr in 3-miles. 75% leased to three tenants. $1.25M. NOI/Cap N/A.
8. Shopping Center in Olathe, KS: 25,640 SF beautiful shopping center built in 2005 in growing Kansas City suburbs. On an outpad to Southgate Retail Center anchored by Target and Home Depot. Across from Olathe Medical Center and visible from I-35. Close to The Great Mall of the Great Plains. 100% NNN lease to national tenants. NOI $329K/yr. $4.7M. 7% cap.
9. MOB in Midland, TX: 13,854 SF multi-tenant medical office building on 1.70 ac lot in a growing and high income oil and gas town. Close to Hwy-250. 100% NNN leased to five doctors and a CPA’s office. 7% cap. NOI/Price N/A.
10. Ashley Furniture in Memphis, TN: 50,800 SF single-tenant retail center on nearly 5 ac lot part of Costco & Lowe’s anchored center in high income area. Across from FedEx World Headquarters. 100% NNN lease with over 2-yrs left. NOI $345K/yr. $4.6M. 7.5% cap. NOTE: no flyer avail, full brochure upon request.

            (C) Transmercial 2014