Wednesday, May 21, 2014

05-07: Mixed-used, FastMed URgent Care, Walgreens, AutoZone, MOB



  1. Mixed-Use in Carson, CA: 5060 SF 2-story retail office building completed in 1990 in high-income city in Los Angeles with over 1/2 million people in 5 miles ring.  100% leased with good tenant mix.  NOI $76K/yr. $1.085M. 7.05% cap.
  2. FastMed Urgent Care in Greensboro, NC: 6436 SF attractive medical office building on 1.49 ac lot in a fast growing area. 15-yrs absolute NNN lease with 14+ yrs left to strong operator. NOI $167K/yr with annual rent increases. $2.575M. 6.50% cap.
  3. Strip Center in Riverside, CA: 7512 SF mature strip center on .51 ac lot with good egress/ingress in Southern California. Close to Riverside Plaza Shopping Center and Hwy-91. 100% leased. NOI $60K/yr. $1M. 6.09% cap.  Just $133/SF.
  4. Retail Building in Lewisville, TX: 32,796 SF attractive shopping center built in 1994 on 3.58 ac lot in growing upper middle-class area. Part of Power Center with PetSmart, JoAnn, Marshalls, Hobby Lobby, Sport Authority and more. Close to Vista Ridge Mall and I-35E. 100% NNN leased to Shoe Carnival, Tuesday Morning and Car Toys. NOI $479K/yr. $6.62M. 7.25% cap.
  5. Shopping Center in Miami Township, OH: 33,435 SF consisting of two attractive retail centers built in 2009 on over 4 ac lot in upper middle-class Dayton suburbs. Major tenants include: The Vitamin Shoppe, Aspen Dental & AT&T Mobile. Across from Walmart and Target. Close to Dayton Mall and Southview Medical Center. Between I-75/675. 94% NNN leased. NOI $768K/yr. $9.6M. 8% cap.
  6. Retail Center in Austin, TX: 14,600 SF consisting of two buildings with double drive-thru.  Built in 2005 in a fast growing area. 92% NNN leased by national, regional and local tenants. NOI $296K/yr. $3.85M. 7.71% cap.
  7. Walgreen’s in Indianapolis, IN: 12,896 SF Walgreens completed in 1993 at a hard corner location. Adjacent to University of Indianapolis. Close to I-74.  Tenant has been at this location for over 20-yrs.  Recently renewed 1st 5-yr option. NOI $160K/yr. $2.385M. 6.73% cap.
  8. MOB in Las Vegas, NV: 8865 SF Class-B single-tenant medical office building constructed in 1992 on 1 ac lot close to Sunrise Hospital and Boulevard Mall. Just minutes from The Strip. 100% NNN lease with 2-yrs left. NOI $131K/yr. $1.675M. 7.87% cap.
  9. AutoZone in Johnson City, TN: 9455 SF well maintained auto center along major retail artery. Close to The Mall at Johnson City and I-26. 10-yrs NNN- corp lease with over 3-yrs left. NOI $81K/yr. $1.158M. 7% cap.

            (c) Transmercial 2014
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