Friday, October 17, 2014

10-03: MOB, Medical Plaza, Dollar General, Wienerschnitzel, Retail Centers

  1. Retail Center in Carol Stream, IL: 22,891 SF retail center on nearly 2 ac lot in high income (AHI $91K/yr in a 3 mile ring) Chicago suburbs. 85% NNN leased to long-term tenants. NOI $201K/yr. $2.34M. 8.59% cap.
  2. MOB in Richardson, TX: 13,754 SF Class-B medical office building at a signalized location in growing upper middle class Dallas suburbs. Good tenant mix: dentist, oral surgery and internal medicine doctors. 77% leased. NOI $162K/yr. $2.01M. 8.13% cap.
  3. Medical Plaza in Phoenix, AZ: 13,999 SF Class-B multi-tenant medical office along main corridor. 91% leased. NOI $128K/yr. $1.78M. 7.20% cap.
  4. Office Building in Lake Forest, IL: 7167 SF Class-B office building in affluent Chicago metro with an AHI of $141K/yr in 3 miles. Close to Northwestern Lake Forest Hospital. 100% leased to multiple tenants. NOI $131K/yr. $1.95M. 6.70% cap.
  5. Office Building in Windsor, CA: 31,213 SF Class-A office building constructed in 1994 on 2.75 ac lot in a high income & stable town just North of San Francisco. Adjacent to Safeway and Raley’s Grocery centers. Easy access to Hwy-101. 85% leased. NOI $403K/yr. $6.6M. 6.11% cap.
  6. Dollar General in Gastonia, NC: 9190 SF all brick constructed retail building completed in 2011 on over 1 ac corner lot in a fast growing and high income (AHI $95K/yr) Charlotte metro.  15-yrs absolute NNN lease with 12-yrs left. NOI $114K/yr. $1.914M. 6% cap.
  7. MOB in Ocoee, FL: 5687 SF attractive medical office building on .78 ac lot in high income Orlando suburbs. Close to Health Central Hospital. 100% leased. NOI $82K/yr. 1.378M. 6% cap.
  8. Wienerschnitzel in Rosemead, CA: 432 SF fast food restaurant at a corner location in densely populated Los Angeles area with over 600,000 residents in 5 mile ring. 100% absolute NNN lease with 8-yrs left. NOI $36K/yr with rent increases. $725K. 5% cap.


(c) Transmercial 2014

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