10-01: PetSmart, MOB, Tuffy, Walgreens, Shopping Centers

1.       PetSmart in San Bernardino, CA: 24,994 SF retail building constructed in 1993 on .73 ac lot. Part of Tri-City Corporate Center, a mixed-use development of office, retail and hospitality. Tenant has been at this location since 2004. Recently renewed 10-yrs NNN corp lease. NOI $264K/yr. $4.2M. 6.30% cap.

2.       Shopping Center in Lilburn, GA: 46,950 SF attractive shopping center on 6.89 ac lot along main artery in Atlanta suburbs. Shadow anchored by Walmart and Home Depot. 95% leased. $8.4M. NOI N/A.

3.       Retail Center in Palmdale, CA: 27,455 SF attractive retail center on over 2 ac lot in a fast growing city in Southern California. Shadow anchored by Food 4 Less and Rite Aid. 89% NNN lased. Actual NOI $368K/yr. $6.14M. 6% cap. Upside potential.

4.       Strip Center in Oceanside, CA: 10,840 SF well maintained strip center on nearly 1 ac lot in a coastal city in Southern California. Tenants include: Boost Mobile, El Indio, Cox Communications, Cricket Wireless, Freeway Insurance, Payless ShoeSource and The Check Cashing Place. 87% NNN leased. NOI $245K/yr. $4.085M. 6% cap.

5.       MOB in Northglenn, CO: 18,000 SF Class-B multi-tenant medical office building on over 2 ac lot in growing upper middle-class Denver suburbs. 95% leased. NOI $210K/yr. $2.8M. 7.50% cap.

6.       Tuffy in Orlando, CA: 4032 SF auto service center constructed in 2005 on .70 ac outparcel to Publix Grocery center. 20-yrs absolute NNN corp lease with 11-yrs left. NOI $97K/yr with 8.75% rent bumps every 5-yrs. $1.53M. 6.40% cap.

7.       Shopping Center in Cedar Falls, IA: 64,594 SF attractive shopping center shadow anchored by Kohl’s. Adjacent to College Square Mall. 100% NN leased. NOI $408K/yr. $5.1M. 8% cap.

8.       Walgreen’s in Fort Worth, TX: 15,120 SF drive-thru pharmacy on 1.60 ac lot at a signalized intersection. With four points of ingress/egress. 20-yrs NNN lease with 5-yrs left. NOI $296K/yr. $4.228M. 7% cap.

9.       Shopping Center in Tyler, TX: 24,090 SF newly constructed shopping center on 2.86 ac lot at a main thoroughfare. Close to Broadway Square Mall with Dillard’s, JCPenney and Sears. 92% NNN leased. NOI $517K/yr. $7.344M. 7% cap.

(c) Transmercial 2014