10-08: Mixed-use, MOB's, Advance Auto Parts, Retail Centers

1. Retail Center in Lehigh Acres, FL: 13,588 SF retail center built in 2006 on 1.40 ac lot at a main corridor in Cape Coral suburbs. 100% leased with good tenant mix. NOI $105K/yr. $1.25M. 8.40% cap.
2. Office Building in Mountainside, NJ: 20,000 SF Class-B office building in prosperous New York metro with an AHI of $123K/yr in 1 mile. Close to Children’s Specialized Hospital. 86% leased. Actual NOI $281K/yr. $3.517M. 8% cap. Upside potential.
3. Mixed-use Center in Winter Garden, FL: 38,611 SF well kept retail & office center built in 2006 on 2½ ac lot  in growing upper middle-class Orlando suburbs. 85% leased. NOI $282K/yr. $3.4M. 8.30% cap.
4. Retail Center in Appleton, WI: 28,050 SF eight units renovated retail center close to Appleton Medical Center. 100% leased. NOI $164K/yr. $2.35M. 7% cap.
5. AAP in Lawrenceville, GA: 7000 SF Advance Auto Parts  center constructed in 1998 on .82 ac lot in growing Atlanta suburbs. New 7-yrs NNN- corp lease. NOI $86K/yr with rent increase in year 5.   $1.35M. 6.38% cap.
6. Retail Center in Orlando, FL: 5251 SF attractive retail center built in 2006 close to Waterford Lakes Town Center with over 100 stores. 100% leased. NOI $97K/yr. $1.199M. 8.13% cap.
7. MOB in Charlotte, NC: 8326 SF Class-B single-tenant medical office building completed in 2005 on .45 ac lot adjacent to Presbyterian Hospital and Carolinas Medical Center-Mercy. 100% leased to highly rated Urologist Specialists of Carolinas. $3.2M. Cap N/A.
8. MOB in Huber Heights, OH: 14,922 SF high quality constructed medical office building in Dayton suburbs. With easy access to I-70. NNN leased with long term tenants. NOI $146K/yr. $1.295M. 11.33% cap.
9. MOB in Bartlett, TN: 7010 SF well maintained multi-tenant medical office building on over 1 ac lot in Memphis suburbs. Near Saint Francis Hospital-Bartlett. 100% NNN leased to two established medical practices. NOI $114K/yr. $1.2M. 9.50% cap.
10. MOB’s in Wheaton, IL: 45,269 SF Class-A consisting of two  high-quality construction medical buildings anchored by Cadence Health (78% of space) in high income (AHI $109K/yr) Chicago suburbs. NNN leased to multiple tenants. 6.5% cap. Price N/A.

            (c) Transmercial 2014