05-16: Tuffy Auto Cetner, Professional Plaza, Auto Center, Medical Plaza, Shopping Centers

1. Shopping Center in Spring, TX: 26,770 SF attractive shopping center on 2+ ac lot in high income (AHI $93K/yr in 3 mile) Houston suburbs. 95% NNN leased. NOI $411K/yr. $4.2M. 9.8% cap.
2. Retail Center in Tyler, TX: 8907 SF attractive strip center renovated in 2008 on 1.28 ac lot at a major retail corridor in growing middle-class area. Adjacent to Hobby Lobby. 88% leased to AT&T, Farmers Insurance, East Texas Title & Loan, $1 Jewelry Galore and 323 Smoke Shop. Actual NOI $144K/yr. $1.84M. 7.85% actual cap. Upside potential.
3. Shopping Center in Cypress, TX: 20,340 SF attractive shopping center built in 2004 on 2.70 ac cornet lot. Great demographics: growing and affluent Houston suburbs with an AHI of $138K/yr in 1 mile. 88% NNN leased. NOI $292K/yr. $3.653M. 8% cap.
4. Tuffy Auto Center in Aurora, IL: 3900 SF 3-bay auto center built in 2007 on .75 ac lot in growing and affluent area with an AHI of $137K/yr in 1 mile. 20-yrs NNN- lease with 13-yrs left. NOI $106K/yr with 10% rent bump in 2017. $1.471M. 7.25% cap.
5. Office Building in Raleigh, NC: 27,618 SF Class-A office building completed in 2008 on nearly 2 ac lot with multiple points of access along major corridor in growing and high income area. 100% leased to multiple tenants. NOI $388K/yr. $5.4M. 7.20% cap.
6. Professional Center in Chandler, AZ: 10,706 SF well maintained professional center on over 1 ac lot. Close to Chandler Regional Medical Center and Banner Dessert Medical Center. 100% leased.  NOI $121K/yr. $1.5M. 8.10% cap.
7. Medical Plaza in Pearland, TX: 23,107 SF Class-A medical plaza built in 2003 on 2.45 ac lot in growing and affluent Houston suburbs with an AHI of $139K/yr. Excellent tenant mix: Imaging, Orthopedics, Orthopedics, Lab Testing, Psychiatrist, and Foot and Ankle doctor. Close to Pearland Town Center and Fwy-288.  92% NNN leased. NOI $351K/yr. $4.25M. 8.27% cap.
8. Auto Center in Simi Valley, CA: 18,875 SF well maintained auto center on nearly 2 ac lot with excellent visibility in affluent Southern California with an AHI of $110K/yr in 3 mile ring.  Adjacent to Mountain Gate Plaza and near Simi Town Center and Hwy-118. 100% leased with long-term tenants. NOI $257K/yr. $4.2M. 6.14% cap.
9. Retail Building in Independence, MO: 31,541 SF retail building on 1.94 ac outparcel to Independence Center Mall with Macy’s, Sears and Dillard’s in Kansas City metro. Close to Centerpoint Medical Center and I-70. 100% NNN leased to Chuck E. Cheese, Comcast Xfinity and Rally House. NOI $364K/yr. $5.2M. 7% cap.

            (c) Transmercial 2014