07-03: Shopping centers, MOBs, Single-tenant retail center

1.      Shopping Center in Houston, TX: 6021 SF shopping center built in 2007 on .69 ac corner lot with I-10 frontage. 100% leased to 4 tenants including Church's Chicken on a free standing building.  NOI $158K/yr.  $1.929M. 8.23% cap.
2.      Retail Center in Odessa, TX: 12,250 SF retail center built in 2007 on 1.52 ac outparcel to Walmart.  100% NNN leased to 5 tenants.  NOI $138K/yr. $1.84M. 7.5% cap.
3.      MOB in Spokane Valley, WA: 12,600 SF single-tenant medical office building on 2 parcels with 1.22 ac.  Substantially remodeled in 2010. 100% leased to Community Health Association of Spokane (CHAS), a non-profit healthcare providers with 10 locations.  NOI $155K/yr. $1.65M. 9.43% cap.
4.      Strip Center in San Antonio, TX: 6000 SF strip center developed in 2006 on a outparcel to Lowes with I-35 frontage.  83% leased to  State Farm, Sprint and Subway with 1000 SF unit vacant that will be master leased by the seller.  NOI $128K/yr. $1.587M. 8% cap.
5.      MOB in Perris, CA: 23,589 SF 2-story Medical Office Building on 1.83 ac lot in a fast growing town in Southern CA.  Excess land for future development on 1/3 ac. 95% leased to 12 tenants.  NOI $313K/yr. $4.7M. 6.7% cap.
6.          Single-tenant retail center in Irving, TX: 1116 SF free-standing retail center on .47 ac lot with frontage on Airport Freeway 183 in Dallas metro.  100% NNN leased since 2009 to Texas Car Title & Payday Loan with 200 locations.  NOI $75k/yr.  $885K. 8.5% cap.
7.      Retail Center in Elgin, IL: 21,564 SF retail center on 2.5 ac lot in Chicago metro.  Anchored by 7 Eleven and  Old Second Bank.  95% leased with 900 SF unit vacant.  NOI $277K/yr. $3.75M. 7.4% cap.
8.      Shopping Center in Bradenton, FL: 85,565 SF shopping center on 10.6 ac corner lot right off I-75 exit in high income (AHI $97K/yr in 1 mile)  Tampa suburbs. Anchored by Goodwill, Good Year, Crispers and Anytime Fitness.  9% cap.  NOI/price not avail.
9.       Strip mall in Boca Raton, FL: 6500 SF strip mall in high income (AHI $90K/yr) city in Palm Beach.  100% leased.  NOI $136K/yr. $1.595M. 8.57% cap.

            (c) Transmercial 2014