12-22: Starbucks Coffee, Shopping Centers, Office Buildings

1. Shopping Center in Fort Worth, TX: 59,950 SF consisting of three eye-catching retail buildings completed in 2005 on over 7 ac corner lot.  88% NNN lease to national, regional and local tenants. NOI $628K/yr. $9.69M. 6.49% cap.
2. Office Buildings in Macon, GA: 19,200 SF consisting of four well maintained office buildings on 3.83 ac lot along main corridor & in a fast growing area.  Close to 58-bed Central Georgia Rehabilitation Hospital and I-75. 87% leased. Actual NOI $147K/yr. $1.642M. 9% actual cap. Upside potential.
3. Office Building in Greenville, SC: 18,025 SF Class-B multitenant office building on .71 ac lot in growing and upper middle class area with an AHI of $71K/yr in 1 mile. 91% leased. NOI $95K/yr, $1.375M. 6.97% cap.
4. Starbucks Coffee in Humble, TX: 1850 SF attractive retail building constructed in 2008 on .63 ac lot in fast growing (132% pop growth since 2000) and high income (AHI $90K/yr in 3 miles) Houston suburbs. 10-yrs NNN corp lease with 5-yrs left. NOI $75K/yr. $1.065M. 7.06% cap.
5. Shopping Center in Carrollton, TX: 83,697 SF shopping center on 7 ac lot at a hard corner location anchored by Dollar General in upper middle class Dallas/Fort Worth suburbs. 85% leased. Actual NOI $601K/yr. $7.075M. 8.50% actual cap. Upside potential when fully leased.
6. Shopping Center in Arlington, TX: 19,451 SF beautiful shopping center built in 2010 on over 2 ac lot in affluent (AHI $105K/yr in 1 mile radius) Fort Worth suburbs. Close to The Parks at Arlington and I-20. 100% NNN leased. NOI $646K/yr. $7.7M. 8.39% cap.
7. Retail Center in Allen, TX: 25,953 SF L-shaped retail center constructed in 2012 on 2.84 ac lot in growing Dallas metro. Major tenant include: The Milk Pail, Allen Dance Studio, Castle Nails, Watters Animal Hospital, Mio Nonna/Rabe Mala, Myhomedia and H&R Block. 92% NNN leased. NOI $520K/yr. $7.434M. 7% cap.

            (c) Transmercial 2014