12-21: Strip Center, Tuffy Auto, Shopping Centers for sale

AHI: Avg. Household Income.  National average is about $50K/yr.

NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.

NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1. Strip Center in Anaheim, CA: 4532 SF mature multi-tenant strip center along busy retail corridor with excellent visibility in densely populated city in Orange county. Easy access to I-5 and Fwy 91. 100% NNN leased by four established local tenants. NOI $71K/yr. $1.1M. 6.48% Cap.
2. Tuffy & Sprint Retail Building in Altoona, IA: 5220 retail center built in 2005 on 1.09 acres corner lot in middle-class Des Moines. Across from Wal-Mart & Lowe’s. 100% NNN leased by national tenants. NO $117K/yr. $1.446M. 8.10% Cap.
3. Shopping Center in City of Industry, CA: 20,174 SF shopping center built in 2009 on 2.52 acres lot next to Puente Hills Mall in stable & high income area.  92% NNN leased to Chipotle (950+ Locations), Panera Bread (1,400+ Locations), Jamba Juice (740+ Locations), Vitamin Shoppe (400+ Locations), Wing Stop (600+ Locations), & T Mobile.  NOI $942K/yr.  $13.47M. 7% cap.
4. Shopping Center in Spring, TX: 12,600 SF recently constructed shopping center with excellent visibility to I-45 in fast growing middle-class Houston metro. 100% leased. NOI $262K/yr. $3.075M. 8.55% Cap.
5. Neighborhood Center in Houston, TX: 17,400 SF well-maintained neighborhood center built in 2003-2007 with I-45 frontage in high growth & high income Houston suburbs. 100% NNN leased to 8 tenants. NOI $247K/yr. $2.5M. 9.91% Cap.
6. Shopping Center in Lacey, WA: 23,145 SF shopping center consisting of three building in growing (28.06%) middle-class (AHI $70K/yr) city just South West of Tacoma. 94% leased. NOI $408K/yr. $4.990M. 8.20% Cap.  

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