Tuesday, October 14, 2014

09-30: O'Reilly Auto Parts, Rite Aid, Professional Center, MOB, Shopping Centers


  1. Shopping Center in Katy, TX: 21,350 SF attractive shopping center built in 2008 on over 2 ac lot n growing and affluent (AHI $149K/yr) Houston suburbs. 100% NNN leased. NOI $487K/yr. $6.515M. 7.48% cap.
  2. O’Reilly in Elgin, IL: 7616 SF O’Reilly Auto Parts constructed in 2008 on .76 ac lot along main corridor in Chicago suburbs. Adjacent to Jewel-Osco Grocery center. 15-yrs NNN- lease with over 9-yrs left. NOI $171K/yr with a 10% rent increase in 2018. $2.523M. 6.8% cap. NOTE: flyer not available, full brochure upon request.
  3. MOB in Sheffield Village, OH: 35,799 SF multi-tenant medical office building completed in 2000 on 6.48 ac lot in high income Cleveland suburbs. 82% leased. Actual NOI $332K/yr. $4.43M. 7.50% cap. Upside potential.
  4. Office Building in Littleton, CO: 93,069 SF Class-B office building renovated in 2010 on over 6 ac lot in affluent (AHI $104K/yr) Denver suburbs. Close to Littleton Adventist Hospital. 95% leased. NOI $1.017M/yr. $12.5M. 8.14% cap.
  5. Rite Aid in Warwick, RI: 11,322 SF attractive Rite Aid Pharmacy built in 1993 on 1 ac lot in Providence metro. 20-yrs absolute NNN corp lease with 14-yrs left. NOI $214K/yr with 10% rent bumps every 10-yrs. $3.18M. 6.75% cap.
  6. Shopping Center in Stone Mountain, GA: 55,730 SF well maintained shopping center on 7.56 ac lot anchored by Citi Trends and Dollar General in growing Atlanta suburbs. 81% NNN leased. NOI $198K/yr. $1.975M. 10.04% cap. Only $35.44 per SF.
  7. Shopping Center in Red Oak, TX: 45,761 SF attractive shopping center in growing Dallas suburbs. All units face main corridor. Adjacent to Walmart Supercenter and near I-35E. 97% leased. NOI $648K/yr. $8.1M. 8% cap.
  8. Office Building in Westminster, CO: 30,959 SF Class-A office building on 1.85 ac lot in growing upper middle-class Denver suburbs. With easy access to I-25. 96% leased. NOI $327K/yr. $3.99M. 8.20% cap.
  9. Professional Center in Bellevue, NE: 54,846 SF Class-B office building constructed in 1998 on over 6 ac lot in growing Omaha suburbs. Credit tenant include: VA Medical Clinic, Gallup, Bellevue Family Practice, Leidos and Excel Physical Therapy. 90% leased. NOI $607K/yr. $7.5M. 8.10% cap. Upside potential.
  10. MOB in Dublin, OH: 11,380 SF Class-A medical office building completed in 2001 in high income (AHI $86K/yr) Columbus suburbs. Close to mall at Tuttle Crossing and I-270. 93% leased to quality tenants. NOI $157K/yr. $2.095M. 7.50% cap.


            (c) Transmercial 2014

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