07-24: Community Center, Apartments, MOB, Aaron's, Tire Kingdom Auto Center

1. Community Center in Garland, TX: 108,047 shopping center on over 10 ac lot at a signalized high traffic intersection anchored by 24,516 SF Thrift Store and Family Dollar in growing Dallas suburbs. Shadow anchored by Hiep Thai Market, an Asian grocery store. 91% NNN leased. Current NOI $705K/yr. $8.35M. 8.45% cap. Upside Potential.
2. Shopping Center in Arlington, TX: 72,748 SF well maintained shopping center at a hard corner location anchored by 30,260 SF EntertainMart in growing Dallas/Fort Worth suburbs. Close to The Parks at Arlington Mall, a 1.5M SF mall with Dillard’s, Macy’s, Sears, Dick’s Sporting Goods, Barnes & Noble and AMC 18 Theatres. 94% NNN leased to with only two vacancies. NOI 602K/yr. $6.69M. 9% cap. Upside potential.
3. Retail Center in Maineville, OH: 41,120 SF attractive retail center at a main intersection in high income (AHI $94K/yr) Cincinnati suburbs. Main tenants include: Clinton Memorial Hospital, H&R Block, Marco's Pizza, Concord Cleaners, among others. 97% leased. NOI $714K/yr. $8.5M. 8.40% cap.
4. Apartments in Lewisville, TX: 16-units consisting of four well kept apartment buildings in Dallas/Fort Worth suburbs. Close to shopping centers, parks, Medical Center of Lewisville and I-35E. 100% occupied. NOI $88K/yr. $1.042M. 8.05% cap.
5. MOB in Arlington, TX: 13,555 SF Class-B medical office buildings along main corridor on 1.26 ac lot in Dallas/Fort Worth suburbs. Near 326-bed Medical Center of Arlington. 100% leased. NOI $107K/yr. $1.341M. 8% cap.
6. MOB in Chino, CA: 14,400 SF Class-B consisting of two multi-tenant medical office buildings remodeled in 2011 in San Bernardino County in Southern CA. Adjacent to 126-bed Chino Valley Medical Center. With easy access to Hwy-60. 100% leased. NOI $216K/yr. $2.95M. 7.34% cap.
7. Neighborhood Center in Arlington, TX: 118,559 SF neighborhood center on 13.39 acres lot anchored by LA Fitness Center in well off Dallas metro. Next to I-20 100% leased. Pro forma NOI $1.629M/yr. $19.9M. 8.20% cap.
8. Office Building in Manteca, CA: 9392 SF Class-B L-shaped office building on .60 ac corner lot in San Joaquin County. 100% NNN leased to four tenants: dental, financial, escrow and medical billing. NOI $105K/yr. $1.5M. 7% cap.
9. Aaron’s in Watsonville, CA: 14,500 SF well kept 2-story retail building at a corner location of Hwy-152 in middle-class town. Newly executed 1^st 5-yr option. NOI $80K/yr. from income on just 1st floor. $1.15M. 7% cap. Upside potential.
10. Tire Kingdom in Tampa, FL: 5904 SF attractive auto center at a signalize intersection along major retail artery. 100% absolute NNN corp lease with 5-yrs left.  NOI $91K/yr. $1.31M. 7% cap.

            (c) Transmercial 2014