07-16: Walgreen's, MOB, Auto Center, Mixed-use, Retail Centers, Apartments

1. Retail Center in Waukegan, IL: 12,430 SF well kept retail center in growing Chicago suburbs. Across from Target and Jewel-Osco Grocery. 89% NNN leased to Harris Bank, EZPawn and Virgin Mobile. NOI $166K/yr. Price reduced from $2.165M to $1.85M. 9% cap.
2. Walgreen’s in Fort Worth, TX: 15,120 SF Walgreen’s Pharmacy on 1.60 ac lot at a hard corner location. 20-yrs NNN- lease with 5-yrs left. NOI $296K/yr. $4.553M. 6.50% cap.
3. MOB in Idaho Falls, ID: 8946 SF completely remodeled single-tenant medical office building on 1 ac corner lot in growing upper middle-class area. Near Eastern Idaho Regional Medical Center.  100% NNN leased with 5-yrs left to Hospital Corporation of America, a non-profit healthcare provider managing 162 hospitals and 113 free-standing surgery centers. NOI $122K/yr. $1.468M. 8.37% cap.
4. MOB in Kennewick, OR: 48,791 SF Class-A medical office building at a four corner location in fast growing area. Close to Home Depot, Walmart Supercenter and Hwy-395. Near Trios at Southridge Hospital, scheduled to open summer of 2014. 98% NNN leased to 9 tenants. NOI $443K/yr. $6.12M. 7.25% cap.
5. Apartments in Lake Park, FL: 18-units well maintained multifamily complex on .67 ac lot North of West Palm Beach. 94% occupied. NOI $100K/yr. $1.09M. 9.25% cap.
6. Pep Boy Auto Center in Hesperia, CA: 9211 SF auto center in fast growing San Bernardino County. 100% NNN leased to Pep Boys Auto and Smog Shop/Auto Glass shop. NOI $90K/yr. $1.45M. 6.25% cap.
7. Office Building in Pepper Pike, OH: 33,000 SF Class-A multi-tenant office building in high income (AHI $106K/yr) Cleveland suburbs. Close to Uh Ahuja Medical Center and with easy access to I-271. 100% leased. NOI $445K/yr. $4.9M. 9% cap. 
8. Mixed-Use in Gilroy, CA: 17,332 SF well kept retail/office building along main corridor in high income Silicon Valley suburbs. 100% leased to five tenants. NOI $84K/yr. $1.19M. 6.80% cap.
9. Retail Center in Kennewick, WA: 28,650 SF retail center built in 1997 on 1.69 ac lot in growing middle-class area. 80% leased. Actual NOI $149K/yr. $1.49M. 10% cap. Upside potential when fully leased.
10. Shopping Center in Frisco, TX: 36,485 SF attractive shopping center on 3.73 ac outparcel to Walmart Supercenter in booming (6,063% pop growth) and affluent (AHI $113K/yr) Dallas MSA. 96% leased. NOI $745K/yr. $10.65M. 7% cap.

            (c) Transmercial 2014