12-15: Burger King. Professional Center, Retail Center

1. Professional Center in Garland, TX: 17,223 SF well maintained professional center on 3½ ac lot close to Baylor Medical Center.  75% leased to six medical/dental practices. Actual NOI $123K/yr. $1.365M. 9.03% actual cap. Upside potential.
2. Burger King in Muskegon, WI: 2798 SF brand new fast food restaurant on nearly 1 ac outparcel to Walmart Supercenter in high income Milwaukee suburbs. New 10-yrs absolute NNN lease. NOI $90K/yr with a 10% rent increase in year 6. $1.285M. 7% cap.
3. Strip Center in Arlington, TX: 6186 SF attractive strip center built in 2006 on .73 ac lot in fast growing Dallas/Fort Worth suburbs. 100% leased with a good tenant mix. NOI $81K/yr. $1.1M. 7.42% cap.
4. Neighborhood Center in Montgomery, AL: 187,000 SF shopping center next to Hwy-53. Across from Eastdale Mall and close to I-85. NOI $270K/yr. $3M. 9% cap.
5. Retail Center in Stockbridge, GA: 10,000 SF attractive retail center on 1.36 ac lot along main retail artery in growing Atlanta suburbs. Close to Walmart Supercenter. NNN leased to multiple tenants. Actual NOI $133K/yr. $1.59M. 8.40% cap.
6. Office Building in Pikesville, MD: 44,156 SF Class-B multitenant office building consisting of two buildings in upper middle-class Baltimore metro. 90% leased. NOI $475K/yr. $5.5M. 8.65% cap.
7. Retail Building in Clearwater, FL: 4075 SF attractive retail building at a signalized intersection in Tampa suburbs. Close to 687-bed Morton Plant Hospital. 100% leased to 7-Eleven and Marco’s Pizza. NOI $75K/yr. $1.25M. 6% cap.
8. Retail Center in Houston, TX: 17,412 SF retail center on 1.76 ac lot in a fast growing area. All units face main corridor. Excellent tenant mix including, restaurants, doctors office, retail and more. NOI $333K/yr. $3.7M. 9% cap.

           

            (c) Transmercial 2014