- Starbucks Coffee in Edinburg, TX: 2004 SF brand new Starbucks Coffee on .79 ac lot in fast growing McAllen suburbs. Adjacent to Power Center with JCPenney, Petco, TJ-Max, Burlington Coat Factory, Big Lots and Ross Dress for Less. On an off/on ramp of Hwy-281. New 10-yrs NNN corp lease. NOI $89K/yr with a 10% rent bump in year 6. $1.557M. 5.75% cap.
- Neighborhood Center in Elk Grove, CA: 43,762 SF attractive shopping center built in 2002 on 4 ac lot anchored by Rite Aid in growing and high income Sacramento suburbs. Shadow-anchored by Nugget Market and across from Kohl’s, Trader Joe’s, HomeGoods and Cost Plus. 98% leased with mostly national credit or strong regional tenants. NOI $1.11M/yr. $15.55M. 7.14% cap.
- MOB in Simi Valley, CA: 2789 SF Class-A medical office building completed in 2008 close to Semi Valley Hospital in affluent Southern California with an AHI of $113K/yr in 3 mile radius. 100% leased with 9-yrs left. NOI $75K/yr with annual rent increases. $1.25M. 6.06% cap.
- Office Building in Tallahassee, FL: 22,448 SF Class-A office building constructed in 2004 on 2 ac lot across from Tallahassee Mall. 90% leased to multiple tenants. NOI $135K/yr. $1.5M. 9% cap.
- Shopping Center in Santa Clarita, CA: 32,163 SF well maintained mixed-use shopping center in high income (AHI $108K/yr in 3 miles) Southern California. Close to Valencia Town Center. 90% NNN leased. Pro forma NOI $594K/yr. $7.5M. 7.92% pro forma cap.
- Staples in Elmwood Park, IL: 20,356 SF single-tenant retail building constructed in 2007 on over 1 ac lot at a hard corner location in a high income Chicago suburbs. 10-yrs NNN lease with 3-yrs left. NOI $427K/yr with rent increases. $5.34M. 8% cap.
- Retail Center in Garden Grove, CA: 18,811 SF well kept retail center along major retail artery in densely populated middle-class Southern California. NNN leased to long term tenants. NOI $294K/yr. $4.2M. 7% cap.
(c) Transmercial 2014
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