11-25: Chase Bank, Shopping Centers, Retail Centers

1. Retail Center in Sarasota, FL: 11,000 SF retail center built in 2005 on 1.49 ac lot in upper middle class area with an AHI of $72K/yr in 1 mile. Between Walmart Supercenter and Publix anchored center. 100% NNN leased. NOI $242K/yr. $3.201M. 7.59% cap.
2. Shopping Center in Taylor, MI: 48,000 SF newly renovated shopping center shadow anchored by PetSmart in Detroit suburbs. Across from 603,000 SF Southland Mall. 100% NNN leased to Lumber Liquidators, Sky Zone and Party City. NOI $475K/yr. $5.76M. 8.25% cap.
3. Shopping Center in League City, TX: 28,150 SF consisting of two retail buildings completed in 2002 on over 3 ac lot in growing and affluent Houston suburbs with an AHI of $109K/yr in 1-mile ring. 100% NNN leased. NOI $526K/yr. $6.412M. 8.21% cap.
4. Shopping Center in South Milwaukee, WI: 80,571 SF well maintained shopping center anchored by 13,905 SF Walgreens Pharmacy, Advance Auto Parts and Associated Bank. 84% NNN leased. Actual NOI $629K/yr. $8.275M. 7.61% actual cap. Upside potential.
5. Shopping Center in Pickerington, OH: 44,834 SF newly constructed shopping center on nearly 6 ac lot anchored by Life Time Fitness in Columbus metro. Adjacent to Kohl’s and next to OhioHealth’s Medical Campus. 96% NNN leased. NOI $689K/yr. $8.62M. 8% cap.
6. Chase Bank in Woodland, CA: 6000 SF attractive Chase Bank built in 1990 on .75 ac outparcel to County Fair Mall in Sacramento metro. Tenant has been at this location over 25-yrs. 100% absolute NNN corp lease with 5-yrs left. NOI $96K/yr. $1.92M. 5% cap.
7. Retail Center in Phoenix, AZ: 15,582 SF well maintained retail center at a hard corner location anchored by Fresenius Dialysis Center. 9% cap. Price N/A.
8. Retail Center in Oland Park, IL: 15,887 SF attractive retail center built in 2003 in a growing and affluent Chicago suburbs with an AHI of $102K/yr in 1 mile. 90% leased with excellent tenant mix. NOI $187K/yr. $2M. 9.37% cap.
9. Strip Center in Eagan, MN: 7956 SF strip center built in 2002 on 1.33 ac lot in Minneapolis suburbs. Across from Regal Cinema Theater and Target. Close to I-35E. 100% NNN leased. NOI $185K/yr. $2.61M. 7.10% cap.
10. Shopping Center in Des Plaines, IL: 38,767 SF well kept shopping center completed in 2008 on 3.56 ac lot along busy artery in upper middle class Chicago suburbs. 96% leased. NOI $631K/yr. $7.5M. 8.40% cap.

            (c) Transmercial 2014