11-14: Retail centers, MOB, Office Building

1. Neighborhood Market in Charlotte, NC: 65,584 SF neighborhood center built in 1999 on 8.91 ac lot at an intersection in well-off area.  Anchored by 46,624 SF Bi-Lo Supermarket, a regional tenant. 100% NNN leased to 11 tenants.  Access land for adding more retail spaces.  NOI $758K/yr. Price reduced to $9.484M. 8% cap.  Buyer to assume $6.9M loan.
2. Office Building in Frisco, TX: 27,125 SF 2-story class-A office building on 2.06 ac corner lot completed in 2007 in fast growing and affluent Dallas suburbs (AHI $157K/yr in 1 mile). Great access to the Dallas North Tollway and the Sam Rayburn Tollway.  100% leased to multiple tenants.  Price N/A. 7% cap.
3.  Shopping Center in Atlanta, GA: 13,264 SF shopping center on 2.18 ac lot completed in 2008. Shadow anchored by Walgreens and adjacent to 600,000 SF Camp Creek Marketplace, a power center.  Ease access to I-285.  100% leased.  NOI $342K/yr. $4.725M. 7.25% cap.
4. MOB in Pleasanton, CA: 9974 SF medical office building on 1 ac lot in high income Silicon Valley suburbs.  100% leased to 9 medical/dental tenants.  Gross income $204K/yr. $2.895M.
5. Office Building in Dallas, TX: 9952 SF 2-story office building in high income area with AHI $94K/yr.  97% leased.  NOI $124K/yr. $1.395M. 9% cap.
6. Shopping Center in Toledo, OH: 21,000 SF shopping center built in 2002 on 2.78 ac lot in middle class area.  100% mostly NNN leases to 9 tenants with average rent below $10/SF (means tenant likely to stay for a long time). NOI $185K/yr. $2.16M. 8.6% cap.
7. Shopping Center in Lilburn, GA: 41,150 SF mature shopping center on 5.26 ac lot in high income Atlanta metro.  100% NNN leased to 9 tenants including CVS, Dollar Tree, BofA, Antique Mall. NOI $390K/yr. $4.34M. 9% cap.
8. Retail Plaza in McKinney, TX: 9400 SF shopping plaza on 1.04 ac lot in high income (AHI $93K/yr in 1 mile) Dallas suburbs.  100% leased.  NOI $106K/yr. $1.445M. 7.37% cap.

            (c) Transmercial 2014.