03-24: Carsmetics; MOB; Retail Centers; Strip Centers

1. Retail Center in Houston, TX: 13,285 SF attractive retail center built in 2008 on 1.35 ac lot at a signalized corner location. On an off/on ramp of Hwy-8. 90% leased to six tenants. NOI $272K/yr. $3.4M. 8% cap.
2. Strip Center in Appleton, WI: 15,957 SF fully renovated strip center. NNN leased with long term tenants. NOI $117K/yr. $1.55M. 7.56% cap.
3. Shopping Center in Saint Petersburg, FL: 34,200 SF well maintained shopping center on 4 ac lot along busy corridor in Tampa suburbs. Close to Walmart and Bay Pines VA Healthcare Systems. 100% leased. NOI $245K/yr. $3.5M. 7% cap.
4. MOB in Round Rock, TX: 4423 SF Class-A multitenant medical office building completed in 2009 on over 2 ac lot in growing and high income (AHI $105K/yr) Austin suburbs. Adjacent to St David’s Round Rock Medical Hospital. 100% NNN leased to three physicians. NOI $120K/yr. $1.4M. 8.50% cap.
5. Retail Center in Reno, NV: 14,429 SF retail center built in 2007 in a growing and upper middle class area. Close to Meadowood Mall and I-580. 87% leased to St Mary’s Urgent Care Facility and Western Dental. Actual NOI $348K/yr. $4.8M. 7.25% actual cap. Upside potential.
6. Neighborhood Center in Lombard, IL: 131,601 SF well maintained shopping center on over 12 acres of land in high income Chicago suburbs with an AHI of $86K/yr in 1 mile. 78% leased with national, regional and local tenants. Actual NOI $449K/yr. $4.695M. 9.57% cap.  Upside potential when fully leased.
7. Retail Center in Phoenix, AZ: 16,980 SF retail center built in 2009 on nearly 2 ac lot in a fast growing area. Tenants include: Family Dollar, Quick Check Tax Services, City Nails & Spa, Boost Mobile and Krispy Krunchy Chicken. 85% leased with two vacancies. Pro forma NOI $192K/yr. $2.56M. 7.50% pro forma cap.
8. Retail Building in Pearland, TX: 6600 SF well maintained retail building on 1 ac lot in growing and high income (AHI $98K/yr) Houston MSA. 100% NNN leased to Verizon and Just Brakes. NOI $120K/yr. $1.857M. 6.50% cap.
9. MOB in San Jose, CA: 9454 SF mature multitenant medical office building on .61 ac lot in growing Silicon Valley. Across from Regional Medical Center of San Jose and with easy access to I-680.  72% leased. NOI $195K/yr. $3.35M. 5.84% cap.
10. Carsmetics in Brick, NJ: 7500 SF single tenant auto body shop renovated in 2011 on .34 ac lot in growing and high income (AHI $82K/yr) coastal town. 100% NNN lease with 7-yrs left. NOI $119K/yr. $1.55M. 7.74% cap.

            (c) Transmercial 2015