01-13: Shopping centers, Medical office building, Shaw's supermarket

Advisory:  The 10 years US Treasury is below 2% this week (1.93% on Thursday). And so the interest rate for a 5-yrs fixed loan should be about 4.5%.  This means for a property offering 7% cap, you will also earn 2.5% for the money you borrow.

1.  Shopping center in Parker, CO: 21,440 SF shopping center built in 2008 on 2.37 ac corner lot in affluent (AHI $105K/yr) Denver suburbs.  100% NNN leased to 9 tenants.  NOI $496K/yr. $5.98M. 8.3% cap. 
2. Medical Office building in Southlake, TX: 7651 SF medical office building completed in 2007 on 1.11 ac lot in affluent Dallas suburbs.  100% leased.  $2.1M. 
3. Shopping center in Greenwood Village, CO: 12,482 SF strip mall built in 1988 on 1 ac lot in affluent Denver suburbs.  Near i-25 exit and the entrance to Target.  100% leased to 4 tenants.  NOI $262K/yr.  3.325M. 7.9% cap. 
4. Retail center in Costa Mesa, CA: 23,095 SF retail center built in 1989 on a lot at signalized corner in high income coastal city in Southern CA.  Just one block from Orange Coast College with 25,000 students.  NOI $420K/yr. $6M. 7% cap. 
5. Strip Mall in Houston, TX: 15,605 SF strip mall in fast growing upper middle class area.  100% NNN leased to 6 tenants.  NOI $221K/yr. $2.4M. 9.23% cap. 
6. Shopping Plaza in Downers Grove, IL: 31,196 SF mature recently renovated 15-unit shopping plaza on 4.5 ac corner lot in high income (AHI 90K/yr) Chicago suburbs.   Easy access to I-355.  91% leased.  NOI $402K/yr. $4.6M. 8.75% cap. 
7. Shopping Center in Anderson, SC: 82,367 SF shopping center on 9.6 ac lot in high growth, high income city.  91% leased.  NOI $395K/yr. $4.3M.   9.18% cap. 
8. Medical/retail center in Carrollton, TX: 14,454 SF retail center built in 2006 on 1.46 acres lot in Dallas suburbs.  Excellent demographics: AHI of $114K/yr in 1 mile. 100% NNN leased to 4 medical tenants and a local credit union.  NOI $347K/yr. $4.337M. 8% cap. 
9. Shaw’s supermarket in Plymouth, MA: 59,766 SF supermarket built in 1994 on 6.7 ac lot high income area.  100% leased till 2021 to Shaw’s supermarket, New England’s number 2 grocery chain with lease guaranteed by Albertson’s.  Price not avail

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