Monday, October 27, 2014

10-06: MOB, KFC, Furr's Family Buffet, Shopping Centers


  1. MOB in Altamonte Springs, FL: 28,488 SF well maintained medical office building on over 1 ac lot. Across from 340-bed Florida Hospital. Close to Altamonte Mall and I-4. 100% leased to twelve tenants. NOI $400K/yr. $5.62M. 7.13% cap.
  2. Retail Building in Keller, TX: 9171 SF attractive retail center in a fast growing area. Across from Kroger Center. With easy access to I-35W. NNN leased. NOI $168K/yr. $2.1M. 8% cap.
  3. Strip Center in League City, TX: 6747 SF seven units strip center on .89 ac corner lot in growing and upper middle class Houston suburbs.   100% leased. 7.55% cap. Price N/A.
  4. Shopping Center in Watauga, TX: 45,888 SF attractive shopping center at a hard corner location in growing Fort Worth MSA. Major tenants include: Tuesday Morning, Dollar Tree and Chase Bank. Shadow anchored by 58,700 SF Albertsons grocery. 94% leased with only 1 vacancy. NOI $470K/yr. $6.715M. 7% cap. Upside potential.
  5. MOB in Saint Clair Shores, MI: 11,112 SF well kept medical office building completed in 1997 on 1+ ac lot in Detroit suburbs. 100% leased to multiple tenants. NOI $192K/yr. $2M. 9.64% cap.
  6. KFC in Wichita, KS: 2555 SF fast food restaurant on .65 ac lot along main corridor. Close to Brittany Center, a Power Center. Tenant has been at this location for over 30-yrs. 100% NNN lease with 2-yrs left. NOI $59K/yr. $720K. 8.25% cap.
  7. Furr’s in Lubbock, TX: 11,079 SF well maintained family buffet restaurant on an off/on ramp of Hwy-289. 100% NNN lease with 8-yrs left to a strong regional tenant with 25-units. NOI $174K/yr. $2.32M. 7.50% cap.
  8. MOB in Tempe, AZ: 13,000 SF Class-B medical office building in growing Phoenix suburbs. 100% leased to Desert Endoscopy Center and Chrysalis Academy, a private day school for individuals on the autism spectrum. NOI $260K/yr. $2.978M. 8.75% cap.
  9. Shopping Center in Austell, GA: 35,150 SF attractive shopping center built in 2000  in Atlanta suburbs.  Anchored by Gold's Gym and  shadow-anchored by Regal Cinema. NOI $347K/yr. $4.086M. 8.50% cap.
  10. MOB in Spring, TX: 12,750 SF medical building on nearly 2 ac lot in growing and affluent (AHI $163K/yr in 1 mile) Houston suburbs. All units face main corridor. 90% leased with only 1 vacancy. $2.459M. NOI N/A.


            (c) Transmercial 2014
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