12-04: Payless Shoes Source, Jo-Ann Fabric & Crafts, Sherwin Williams, Shopping Centers

1. Neighborhood Center in Oakland Park, FL: 90,275 SF well kept shopping center along major artery in Fort Lauderdale suburbs. Close to I-95. 98% leased. Actual NOI $901K/yr. $10.8M. 8.35% cap. Upside potential.
2. Payless Shoes Source in San Jose, CA: 3209 SF well maintained retail building on .34 ac lot along busy thoroughfare. Close to La Tropicana Foods anchored center and near Target, and Mi Pueblo Food Centers. With easy access to I-680 and Hwy-101. 100% leased to a credit tenant. $1.8M.  NOI N/A.
3. MOB in Freedom, CA: 8052 SF Class-B multitenant medical office building in Santa Cruz County. Near Watsonville Community Hospital and Hwy-1. 100% NNN leased. NOI $139K/yr. $1.995M. 7% cap.
4. Jo-Ann Fabric and Crafts in El Paso, TX: 27.515 SF relocated store on 2.66 ac lot part of Yarbrough Plaza, anchored by Ross Dress for Less, Pro’s Ranch Market, Sally Beauty Supply and Pep Boys. Across from Walmart Supercenter, Burlington Coat Factory and adjacent to I-10. 100% NNN lease. NOI $357K/yr with 10% rent bumps every 5-yrs. $5.38M. 6.65% cap.
5. Strip Center in Mesquite, TX: 6500 SF attractive strip center built in 1996 on .56 ac lot in fast growing Dallas suburbs. Close to Hwy-80. 100% NNN leased to Sprint and Cosmo Nail & Spa. NOI $107K/yr. $1.54M. 7% cap.
6. Office Building in Santa Clara, CA: 15,570 SF Class-B consisting of two office buildings on 3.42 ac lot at a signalized intersection in high income Silicon Valley. 93% leased. NOI $224K/yr. $4.499M. 5% cap.
7. Sherwin Williams in Charlotte, NC: 5010 SF well maintained retail building constructed in 1998 on over ½ ac lot in a fast growing area. Close to Carolinas Medical Center. 100% NNN corp lease with over 4-yrs left. NOI $68K/yr. $1.044M. 6.55% cap.
8. Shopping Center in Sioux Falls, SD: 21,375 SF well maintained shopping center on 2.46 ac corner lot in a growing middle class area. Three different points of access. Near I-229. NNN leased with good tenant mix. Actual NOI $203K/yr. $2.1M. 9.70% actual cap. Upside potential.
9. Shopping Center in Tequesta, FL: 26,817 SF shopping center on over 4 ac lot along US Hwy-101 in a high income coastal City. 98% leased with only one vacancy. Actual NOI $466K/yr. $7.7M. 6.06% cap. Upside potential when fully leased!

            (c) Transmercial 2014