03-13: Perkins;, Office Buildings; Processional Plaza; Retail Centers

1. Retail Center in Riverdale, GA: 11,250 SF eye-catching retail center constructed in 2008 on 2 ac lot in growing Atlanta suburbs. Major tenants include: Little Caesars, Wings & Hibachi, Lake Ridge Mart, Tattoos Shop, Rose Couture and Hair Salon. 90% leased. Actual NOI $84K/yr. $1.095M. 7.73% actual cap. Upside potential .
2. Professional Plaza in Miramar, FL: 30,692 SF Class-B multitenant office building along main corridor in Miami suburbs. High barrier to entry area. 94% leased. NOI $259K/yr. $3.6M. 7.20% cap.
3. Retail Building in Cortlandt Manor, NY: 4777 SF well maintained retail building on 1 ac lot along main corridor in affluent New York metro with an AHI of $142K/yr in 1 mile radius. 100% leased to Snap Fitness & Thyme Restaurant. NOI $130K/yr. $1.866M. 7% cap.
4. Retail Center Spokane, WA: 24,113 SF consisting of two retail buildings on 2.26 ac lot across from Walmart Supercenter. Adjacent to Costco, Home Depot and Lowe’s. Close to I-90. 100% leased. NOI $282K/yr. $3.95M. 7.15% cap.
5. Shopping Center in Mesa, AZ: 34,405 SF well maintained shopping center on over 3 ac lot at a hard corner location in Phoenix suburbs. Across from Safeway shopping center. 88% NNN leased. NOI $280K/yr. $3.5M. 7.20% cap.
6. Perkins in Milwaukee, WI: 4966 SF Perkins Restaurant on nearly 1 ac lot across from Mitchell International Airport. 100% NNN leased. NOI $107K/yr. $1.54M. 7% cap.
7. Office Building in Denver, CO: 10,302 SF well maintained office building along busy retail corridor. Adjacent to center with Target, Sports Authority and PetSmart. 100% leased. NOI $140K/yr. $1.6M. 8.80% cap. 

            (c) Transmercial 2015