02-16: Tuffy Auto Service Center, Hotel, Mixed-Use, Shopping Centers, Office building

1. Shopping Center in Beaumont, TX: 23,331 SF renovated shopping center on 4+ acres shadow-anchored by Kroger Grocery with drive-thru pharmacy. Excellent tenant mix:  Supercuts, T-Mobile, Edible Arrangements, Subway, Small Smiles and Management Advantage. NOI $289K/yr. $3.315M. 8.75% cap. 
2. Retail Center in Beaumont, TX: 12,000 SF retail center built in 1999 at a signalized intersection shadow-anchored by Kroger Grocery with drive-thru pharmacy near I-10. NOI $102K/yr. $1.175M. 8.75% cap. 
3. Shopping Center in Youngstown, OH: 120,036 SF renovated shopping center on 11.24 acres anchored by Big Lots and Aldi Supermarket. Shadow-anchored by a brand-new Wal-Mart Supercenter. 100% leased to national tenants on long term NNN leases. NOI $623K/yr. $6.965M. 8.96% cap. 
4. Tuffy Auto Service Center in Omaha, NE: 3900 SF auto repair & service center built in 2007 next to Super Target, Office Max, Hobby Lobby & Sport Authority and across from Wal-Mart Supercenter. In growing and affluent (AHI $93K/yr within 1-mile) area. 100% NNN corp lease with 16 yrs remaining on lease. NOI $119K/yr. $1.48M. 8.5% cap. 
5. Shopping Center in Missouri City, TX: 29,910 SF high-quality construction shopping center anchored by Allcare Pediatrics and across from Power Center anchored by Target & Kohl’s. High income (AHI $109K/yr) area in Houston metro. NOI $455K/yr. $6.5M. 7% cap. 
6. Hotel in San Jose, CA: 89-rooms recently renovated 3-story hotel on 1.40 ac lot close to HP Pavilion. In the center of high-tech Silicon Valley with easy access to Hwy-87. Average 80% occupancy. $11M.  
7. Shopping Center in Medford, OR: 24,122 SF attractive shopping center adjacent to Winco Supermarket anchored Shopping Center and next to I-5. 76% NNN leased. Actual NOI $131K/yr. $1.65M. 8% cap. Upside potential when 100% leased. 
8. Retail/Office in Mineola, NY: 45,000 SF mixed-use building on .62 ac lot close to Winthrop University Hospital & in prosperous (AHI $102K/yr) New York metro. 100% leased. NOI $446K/yr. $5.1M. 8.75% cap. 
9. Office Building in Salem, OR: 28,430 SF Class-A 2-story office building on 1.79 ac lot in a growing area. 100% NNN leased to CGI Technologies and Solutions, Diesel Brewing, LLC and Oregon Health Insurance Exchange Corp. NOI $414K/yr. 4.8M. 8.63% cap.

© Transmercial 2012