11-18: MOB, TitleMax, Office Buildings, Shopping Centers

1. Retail Center in Plainfield, IN: 20,420 SF attractive retail center constructed in 2006 on over 2 ac lot at a signalized corner location in growing and upper middle class Indianapolis suburbs. Adjacent to new Walmart Neighborhood market and across from CVS.  88% leased to Subway, Great Clips, Anytime Fitness, Fox' s Pizza, Perfect Tan & Spa, China Wok, Saratoga Family Dental, and Accelerated Physical Therapy. NOI $276K/yr. $3.505M. 7.88% cap.
2. Strip Center in Bentonville, AR: 14,974 SF strip center built in 2006 on 1.51 ac lot in a growing area. Close to Northwest Medical Center-Bentonville and I-540. 82% leased with good tenant mix. Seller will escrow buyer rent for one year on the vacant space. NOI $123K/yr. $1.4M. 8.81% cap.
3. MOB in Temecula, CA: 36,911 SF Class-B consisting of two medical office buildings on 2 ac lot in high income Southern California. With easy access to I-15. 74% leased. Actual NOI $252K/yr. $3.6M. 7.01% actual cap. Upside potential when fully leased. Only $97.53/SF.
4. Shopping Center in Tempe, AZ: 34,433 SF well maintained shopping center on nearly 3 ac lot in Phoenix suburbs. Close to Tempe St Luke’s Hospital and I-10. 93% NNN leased. Actual NOI $342K/yr. $4.7M. 7.29% actual cap. Upside potential.
5. Strip Center in Wichita, KS: 7845 SF strip center built in 1994 on .72 ac outparcel to Walmart Neighborhood Market. 100% leased. Pro forma NOI $94K/yr. $975K. 9.64% pro forma cap.
6. MOB in Sheffield Village, OH: 35,799 SF Class-B multi-tenant medical office building completed in 2000 on 6.48 ac lot in high income Cleveland suburbs. Near I-90. 82% leased. Actual NOI $332K/yr. $4.18M. 7.95% cap. Upside potential.
7. Retail Center in Memphis, TN: 22,325 SF retail center built in 2001 on 2+ ac lot anchored by Family Dollar and Black Decker.  Property with 3 different entrances to the center. 93% NNN leased. NOI $207K/yr. $2.3M.  9% cap.
8. TitleMax in San Angelo, TX: 4940 SF single-tenant retail building at a main thoroughfare. 100% NNN corp lease with 5 yrs left to TitleMax, a national title loan company. NOI $61K/yr. $758K. 8.15% cap.
9. Office Building in Tulsa, OK: 17,748 SF Class-B office building on .80 ac lot close to St John Medical Center and Hwy-64. 100% leased to multiple tenants. NOI $96K/yr. $1.2M. 8% cap.
10. Office Building in Walnut Creek, CA: 17,068 SF well maintained office building in high income (AHI $104K/yr in 3 mile) San Francisco metro. Close to Kaiser Permanente and next to I-680. 100% leased to local and credit tenants. NOI $226K/yr. $4.195M. 5.39% cap.

            (c) Transmercial 2014