Thursday, June 26, 2014

06-12: MOB, Business Center, Family Dollar, Retail Centers

  1. Retail Center in Medina, OH: 15,300 SF retail center built in 2000 on over 1 ac lot in a growing and upper middle-class city in Cleveland metro. Across from Walmart, Kohl’s, Home Depot & Hobby Lobby centers. 92% NNN leased. NOI $120K/yr. $1.38M. 8.71% cap.
  2. Shopping Center in Turlock, CA: 35,735 SF shopping center on 4 ac lot anchored by Party City and Dollar Tree in growing town Central Valley. Shadow anchored by Costco. Across from Monte Vista Crossings, with Kohl’s, Safeway, Lowe’s, BevMo, Target and Home Depot and more. Next to Hwy-99. 100% leased to national tenants. NOI $687K/yr. $11.45M. 6% cap.
  3. Strip Center in Bowling Green, KY: 12,575 SF attractive strip center on over 1 ac lot in a growing area. Adjacent to Kroger Grocery Center. 100% NNN leased. NOI $198K/yr. $2.65M. 7.50% cap.
  4. Office Building in Gahanna, OH: 10,640 SF Class-A recently renovated multi-tenant office building in affluent (AHI $106K/yr) Columbus suburbs. 100% NNN leased. NOI $183K/yr. $2.29M. 8% cap.
  5. MOB in Cincinnati, OH: 8100 SF well maintained single-tenant medical office building on .74 ac lot. Close to Western Hills Mall. 100% NNN corp lease with 4-yrs left to TriHealth Medical. NOI $101K/yr. $1.125M. 9% cap.
  6. Business Center in Albuquerque, NM: 42,939 SF well kept business center on 3.60 ac lot a busy retail corridor. Close to I-25. NOI $241K/yr. $2.95M. 8.20% cap.
  7. Family Dollar in Fontana, CA: 8320 SF retail building store built in 2013 on 1.26 ac lot in San Bernardino County. New 15 yrs NNN corp lease.   NOI $126K/yr with up to 10% rent bump in year 11.  $2.191M. 5.75% cap. 
  8. Shopping Center in Memphis, TN: 37,732 SF well maintained shopping center on 4.21 ac lot at a major retail artery. Near Hickory Ridge Mall and Hwy-385. 100% leased. NOI $217K/yr. $2.75M. 7.90% cap.
  9. Strip Center in Tinley Park, IL: 4800 SF attractive strip center on .43 ac outparcel to Menard’s Home Improvement store in Chicago suburbs. 100% leased by two tenants. NOI $85K/yr. $1.064M. 8% cap.
  10. Retail Center in Bridgeview, IL: 14,000 SF well maintained retail center at a hard corner location in Chicago suburbs. NOI $148K/yr. $1.65M. 9% cap.

            (c) Transmercial 2014
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