Wednesday, April 1, 2015

03-18: Fresenius Dialysis Center, Famous Dave's, Walgreens, Office Buildings


  1. Office Building in Sacramento, CA: 14,333 SF Class-B multitenant office building on over 1 ac corner lot along major artery in growing and upper middle-class area. Close to Country Club Plaza and Kaiser Permanente. 93% leased. Actual NOI $122K/yr. $1.75M. 7% cap.
  2. Retail Center in Irving, TX: 30,512 SF retail center built in 1994 on nearly 2 ac lot in fast growing Dallas suburbs. Across from Irving Mall. On an off/on ramp of Hwy-183. Anchored by Fallas Discount Store. 100% NNN leased. NOI $269K/yr. $3.1M. 8.70% cap.
  3. Office Building in Spring, TX: 42,000 SF Class-B office building constructed in 2002 on nearly 3 ac lot in growing and upper middle class (AHI $85K/yr in 3 miles) Houston suburbs. 89% leased. NOI $392K/yr. $5.2M. 7.55% cap.
  4. Fresenius in Fort Mills, SC: 10,125 SF Class-A dialysis center built in 2005 on 1.95 ac lot in a fast growing Charlotte suburb. On an off/on ramp of I-77. 100% NNN lease with 9-yrs left. NOI $189K/yr. $2.7M. 7% cap.
  5. Office Building in Wilton Manors, FL: 29,468 SF well maintained office building in Fort Lauderdale metro. Close to Coral Ridge Mall and Holy Cross Hospital. Leased with a diverse mix of  seasoned local, national and International tenants. NOI $381K/yr. $4.65M. 8.20% cap.
  6. Neighborhood Center in Lakeway, TX: 101,121 SF attractive shopping center on over 11 ac lot in growing (118% pop growth since 2000) and affluent (AHI $130K/yr in 1 mile) Austin MSA. Major tenants include: Chair King and Tuesday Morning. 98% leased. NOI $1.313M/yr. $18.114M. 7.25% cap.
  7. Retail Center in Austell, GA: 18,340 SF retail center built in 2007 on nearly 2 ac outparcel to Regal Pavilion Cinemas and Gold’s Gym in growing Atlanta suburbs. Major tenants include: Firehouse Subs, Oriental CafĂ©, Courtesy Finance of GA and AJA DUI School. 90% NNN leased with only one vacancy. NOI $329K/yr. $4.2M. 7.83% cap.
  8. Famous Dave’s in Kennewick, WA: 7396 SF pit-smoked BBQ restaurant constructed in 2008 on 1.47 ac outparcel to Columbia Center Mall. Across from Costco. 100% absolute NNN lease with 13-yrs left. NOI $314K/yr. $4.65M. 6.76% cap.
  9. Walgreen’s in Fort Worth, TX: 15,120 SF well maintained pharmacy on 1.60 ac lot at a hard corner location. 20-yrs NNN lease with over 4-yrs left. NOI $296K/yr. $4.228M. 7% cap. Strong sales of over $6M per year.
  10. Retail Center in Washington, NJ: 10,227 SF attractive retail center on .62 ac lot at a signalized intersection in high income New York metro. 100% leased to stable tenants. NOI $98K/yr. $1.4M. 7.02% cap.


            (c) Transmercial 2015
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