08-29: MOB, Pollo Regio, Neighborhood Center, Office Buildings

1. MOB in Yuba City, CA: 8400 SF Class-A medical office building on .91 ac lot in a growing city North of Sacramento. Close to Fremont Medical Center and Yuba Sutter Mall. 100% absolute NNN leased to Fremont-Rideout Health Group and Jagraj Nijjar, MD. NOI $155K/yr. $2.3M. 6.80% cap.
2. Office Building in Arlington, TX: 10,226 SF Class-A single-tenant office building in Fort Worth/Dallas suburbs. Near 417-bed Texas Health Arlington Memorial Hospital.   New NNN lease to a CPA firm  to be signed at close of escrow.  NOI $214K/yr. $2.75M. 8% cap.
3. Retail Building in Boise, ID: 8430 SF well maintained single-tenant retail building constructed in 2000 on .81 ac lot at a signalized intersection in a growing area. 3-yrs NNN lease to George’s Cycles, the largest bicycle retailer in ID. NOI $84K/yr. $1.124M. 7.50% cap.
4. Retail Center in Warner Robins, GA: 24,549 SF attractive retail center built in 2007 part of Willow Lake Crossing, a 354,050 SF Power Center with Target and Hobby Lobby. National tenants include: Mattress Firm and Hancock Fabrics. Across from Galleria Mall. 100% NNN leased.  NOI $215K/yr. $3.093M. 7% cap.
5. Pollo Regio in McKinney, TX: 2628 SF drive-thru restaurant constructed in 1996 on .79 ac lot along Hwy-75 in Dallas suburbs. 15-yrs absolute NNN lease to strong regional tenant with over 14-yrs left. NOI $96K/yr with a 10% rent bumps every 5-yrs. $1.6M. 6% cap.
6. MOB in Spartanburg, SC: 7,837 SF Class-A medical office building in growing and upper middle-class area with an AHI $73K/yr in 1-mile. Brand new 5-yrs NNN lease to Allergic Disease & Asthma Center with 3 locations. NOI $94K/yr. $1.253M. 7.50% cap.
7. Retail Building in Plano, TX: 11,645 SF attractive retail building on 1.38 ac lot in Dallas suburbs. Along Hwy-75. 100% leased. NOI $235M. $3.361M. 7% cap.
8. Shopping Center in Garland, TX: 33,366 SF well maintained shopping center on 2.41 ac lot along major corridor in Dallas suburbs.  Close to Walmart and I-635. NOI $295M. $3.94M. 7.50% cap.
9. Neighborhood Center in Plano, TX: 124,567 SF shopping center in Dallas suburbs. Along Hwy-75. Shadow anchored by Burlington Coat Factory. NOI $1.322M/yr. $16.527M. 8% cap.
10. Retail Center in Dallas, TX: 17,946 SF attractive retail center on 1.76 ac outparcel to Super Target. 100% leased. NOI $421K/yr. $6.24M. 6.75% cap.

            (c) Transmercial 2014