04-30: MOB, Shopping Center, Retail Center, Strip Centers

1. Retail Center in Southaven, MS: 15,900 SF attractive retail center built in 2007 on over 2 ac lot in growing Memphis suburbs. Close to Baptist Memorial Hospital-Desoto and I-55/69. Immediately surrounded by national retailers including Walmart Supercenter, Target, Home Depot, Marshalls, Petco, Office Depot, and Sports Authority. 100% NNN leased with good tenant mix. NOI $275K/yr. $3.5M. 7.87% cap.
2. Shopping Center in Houston, TX: 73,440 SF well maintained shopping center on over 7 acres corner lot. Anchored by 47,135 SF Kroger grocery. 97% leased to 12 tenants including: Kroger, City Gears, Rent- A-Center, EZ Pawn, Little Caesar, Metro PCS, Check N Go.. Pro forma NOI $679K/yr. $9.95M. 6.75% cap..
3. Retail Building in Houston, TX: 25,640 SF attractive retail center on 2 ac lot. Across from PlazAmericans  Centre and next to I-69. Near Memorial Hermann Healthcare System. 100% leased to Blast Fitness, Fred Loya Insurance and Progreso Financiero. NOI $356K/yr. $4.6M. 7.75% cap.
4. Retail Center in Atwater, CA: 9909 SF retail center completed in 2006 at a signalized intersection. Shadow anchored by Big Kmart. 100% NNN lased to Travis Credit Union, Jantz Café and Bakery, ProfessioNails and Miranda’s Thrift Shop. NOI $180K/yr. $2.576M. 7% cap.
5. Retail Center in Hesperia, CA: 7303 SF well maintained retail center on .68 ac lot at a highly visible signalized intersection in San Bernardino County. 100% leased. NOI $89K/yr. $1.265M. 7.10% cap.
6. MOB in Houston, TX: 17,554 SF Class-B consisting of two multitenant medical office buildings on 2 ac lot. With easy access to I-69. 92% leased. NOI $159K/yr. $2.1M. 7.60% cap.
7. MOB in Bartlett, TN: 7010 SF Class-B medical office building constructed in 2009 on over 1 ac lot in high income Memphis suburbs. Near I-40. 100% NNN leased to solid tenants. Pro forma NOI $116K/yr. $1.3M. 8.93% cap.
8. MOB in Fullerton, CA: 30,786 SF well maintained medical office building on 2.49 ac lot in growing and affluent Los Angeles suburbs with an AHI of $120K/yr. Adjacent to St. Jude Medical Center. 100% leased with strong medical practices including St. Jude Heritage Medical Group. NOI $975K/yr. $13M. 7.50% cap.
9. Retail Center in Tempe, AZ: 32,400 SF attractive retail center at a hard corner location in high income Phoenix suburbs with an AHI of $104K/yr in 1 mile. $5.667M. NOI N/A.
10. Retail Center in Stockbridge, GA: 12,945 SF retail center on .56 ac lot in growing Atlanta suburbs. Across from Walmart Supercenter. 90% NNN leased. $2.105M. NOI N/A.

            (c) Transmercial 2015