12-29: Shopping Centers, Office Buildings

• AHI: Avg. Household Income.  National average is about $50+K/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.  Shopping Center in Augusta, GA: 38,520 SF well maintained shopping center on 2.74 acres of land near I-20 in fast growing Atlanta metro. 97% leased to stable tenants. NOI $351K/yr. $3.9M. 9% Proforma Cap. Only one vacant unit great for owner user! 
2. Retail Center in Clearwater, FL: 6300 SF retail center built in 2007 on .69 ac lot anchored by Amscot and along busy corridor in Tampa suburbs. 100% NNN leased. NOI l$163K/yr. $1.524M. 10.75% cap.
3. Office Building in Scotts Valley, CA: 5400 SF 2-story multi-tenant office building close to Hwy-17. In prosperous (AHI $129K/yr) neighborhood about 10-min North of Santa Cruz. 100% leased to 10-tenants. NOI $71K/yr. $895K. 8% cap.  
4. Condominiums in Acworth, GA: 18000 SF Class-B medical office buildings constructed in 2007 near I-75. In a fast growing and high income (AHI $89K/yr) Atlanta metro. 100% NNN leased. NOI $353K/yr. $3.4M. 10.40% cap.

© Transmercial 2011.