05-07: VASA Fitness Center, Tilted Kilt, Professional Plaza, Office Buildings

  1. Shopping Center in Eldersburg, MD: 57,585 SF well maintained shopping center on 6 ac lot in growing and high income (AHI $108K/yr in 3 miles) Baltimore suburbs. 92% NNN leased. NOI $723K/yr. $10.331M. 7% cap.
  2. Office Building in Murray, UT: 36,921 SF Class-B multitenant office building on nearly 2 ac lot in Salt Lake City suburbs. Close to Intermountain Medical Center and with easy access to I-15. Actual NOI $366K/yr. $5.239M. 7% actual cap. Upside potential.
  3. VASA Fitness Center in Riverton, UT: 44,556 SF fitness center built in 1996 on 4.36 ac lot in upper middle class Salt Lake City MSA with an AHI of $88K/yr in 1 mile. Newly executed NNN lease to Vasa Fitness,  a regional operator with 18 locations. NOI $623K/yr. $8.911M. 7% cap.
  4. Office Building in Harker Heights, TX: 13,493 SF Class-A multitenant office building in a fast growing and high income (AHI $95K/yr) area. 100% leased. NOI $234K/yr. $2.19M. 10.70% cap.
  5. Tilted Kilt in Fort Myers, FL: 13,000 SF 8257 SF Tilted Kilt sport pub and restaurant on 1.92 ac lot at a major retail corridor in Cape Coral suburbs. Adjacent to Target and DSW shopping center. Other nearby retailers include: Costco, T.J. Maxx, Movie Theater, Bealls, Ross Dress for Less and more. 100% leased. NOI $217K/yr. $3M. 7.25% cap.
  6. Retail Building in Homewood, IL: 19,215 SF attractive retail center renovated in 2011 on nearly 2 ac lot shadow anchored by new Walmart Supercenter in Chicago suburbs. Across from 500,000 SF Power Center with Target, Home Depot and Menards. 100% leased to Buffalo Wild Wings and Dollar Tree. NOI $259K/yr. $3.61M. 7.20% cap.
  7. Retail Building in Gilbert, AZ: 6000 SF attractive retail building constructed in 2006 on .80 ac outparcel to a shopping center. Across from Safeway center and near Banner Gateway Medical Center and Hwy-60. 80% leased. Actual NOI $100K/yr. $1.26M. 8% cap.
  8. Retail Center in Lithonia, GA: 7700 SF attractive retail center in fast growing Atlanta suburbs. Across from The Mall at Stonecrest and close to I-20. 100% NNN leased. NOI $169K/yr. $2.26M. 7.50% cap.
  9. Strip Center in Wood Dale, IL: 7300 SF well maintained strip center on .56 ac corner lot in upper middle class Chicago suburbs. Good tenant mix including 7-Eleven. NOI $94K/yr. $1.175M. 8% cap.
  10. Professional Plaza in Margate, FL: 17,202 SF Class-B consisting of two multitenant office buildings on 2.88 ac lot in Fort Lauderdale suburbs. Adjacent to Northwest Medical Center.  Near major power centers. 100% leased. NOI $215K/yr. $2.399M. 9% cap.

(c) Transmercial 2015

05-06: Wendy’s, Grocery Outlet, Tuffy Auto Service Center, 24-Hour Fitness, Smile Magic, Autozone, MOB

  1. Wendy’s in Appleton, WI: 2845 SF franchised Wendy’s fast food restaurant on 1.35 ac lot on an off/on ramp of Hwy-41. Adjacent to Fox River Mall, Home Depot, Sam’s Club and more. New 20-yrs absolute NNN lease. NOI $109K/yr with 1.5% annual rent increases. $1.8M. 6.10% cap.
  2. Grocery Outlet in Stockton, CA: 13,969 SF brand new single tenant grocery store on over 1.16 ac lot at a busy retail corridor. Adjacent to Trader Joe’s & Safeway grocery center. 10-yrs NNN corp lease to Grocery Outlet, a chain with stores in CA, OR WA, ID, NV, and PA. NOI $257K/yr with 10% rent increases every 5-yrs. $4.895M. 5.25% cap.
  3. Tuffy in Orlando, CA: 4035 SF build-to-suit auto service center constructed in 2005 on .70 ac lot. Close to Publix super market center and near Hwy-417. 20-yrs absolute NNN lease with over 10-yrs left. NOI $97K/yr with 8.75% rent bumps every 5-yrs. $1.518M. 6.45% cap.
  4. 24-Hour Fitness in Fort Worth, TX: 37,500 SF attractive fitness center built in 2008 on over 6 ac lot. Part of 228,000 SF Power Center. With easy access to I-820. 15-yrs NNN- corp lease with 9-yrs left. NOI $843K/yr with 12.5% rent increases every 5-yrs. $12.053M. 7% cap.
  5. MOB in Orangevale, CA: 12,518 SF well maintained multitenant medical office buildings constructed in 1990 on 1.24 ac lot in upper middle class Sacramento suburbs. 100% leased to four tenants: 3 dentists and a major insurance office in Sacramento. NOI $1.7M. 7.46% cap.
  6. MOB in Lake Mary, FL: 10,698 SF Class-A medical office building completed in 2007 in high income (AHI $93K/yr in 1 mile) Orlando suburbs. 79% NNN leased to multiple tenants. Pro forma NOI $244K/yr. $2.95M. 8.28% cap.
  7. Shopping Center in San Antonio, TX: 97,682 SF attractive shopping center on 6.71 ac lot along busy corridor. 93% leased with strong tenant mix. Actual NOI $1.014M/yr. $13M. 7.80% cap.
  8. Smile Magic in Grand Prairie, TX: 7132 SF single-tenant medical office building constructed in 1993 on .61 ac lot in growing Fort Worth/Dallas suburbs. Across from Kroger grocery center. Near Hwy-161. 100% NNN lease with 5-yrs left to Smile Magic, a regional operator with 7-units. NOI $118K/yr with a 12.5% rent bump in 2017. $1.574M. 7.50% cap.
  9. AutoZone in Poughkeepsie, NY: 7380 SF single tenant retail building on .59 ac corner lot in New York metro. 20-yrs NNN lease with over 10-yrs left. Pro forma NOI $142K/yr. $2.272M. 6.25% cap.
  10. Retail Center in Compton, CA: 22,125 SF attractive retail center built in 2007 along busy thoroughfare in densely populated Los Angeles area with over 800,000 residents in a 5-mile ring. Major tenants include: Subway, GameStop, Little Caesars and H&R Block. 100% NNN leased. NOI $583K/yr. $9.5M. 6.14% cap.

(c) Transmercial 2017

05-05: Dollar Tree, Sonic Drive-In, O’Reilly Auto Parts, Dotty’s Restaurant, Garcia’s Mexican Restaurant, MOB

  1. Dollar Tree in Mobile, AL: 10,000 SF newly constructed Dollar Tree on 1.79 ac lot. Across from Bishop State Community College and close to I-165. 100% NNN- corp lease with 10-yrs left. NOI $125K/yr. $1.851M. 6.75% cap. NOTE: flyer not available, full OM upon request.
  2. Shopping Center in Greenwood, IN: 31,673 SF well maintained shopping center on 4.57 ac lot in upper middle class Indianapolis suburbs. Between Kroger grocery center and Meijer grocery. 78% NNN leased by 12 local/regional tenants. NOI $287K/yr. $3.594M. 8% actual cap. Upside potential when fully leased.
  3. Sonic in Kennesaw, GA: 1466 SF fast food drive-in restaurant constructed in 2001 on .85 ac lot in growing Atlanta suburbs. Close to Kennesaw State University with over 24,600 students. Brand new 15-yrs absolute NNN lease to an experience operator with 17-units. NOI $87K/yr with 7% rent increases every 5-yrs. $1.396M. 6.25% cap.
  4. O’Reilly in El Centro, CA: 8816 SF single tenant auto parts retail building along major corridor and with easy access to I-8. 100% NNN corp lease with 12-yrs left. NOI $119K/yr. $2.181M. 5.50% cap.
  5. Retail Center in Lauderhill, FL: 21,318 SF L-shaped well maintained retail center constructed in 1990 on over 2 ac lot along major artery. 100% NNN leased. NOI $267K/yr. $3.825M. 7% cap.
  6. MOB in Piscataway, NJ: 16,452 SF Class-A newly constructed multitenant medical office building on 1.42 ac lot in affluent (AHI $125K/yr) New York suburbs. 100% NNN leased. NOI $365K/yr. $4.75M. 7.70% cap.
  7. Dotty’s in Las Vegas, NF: 7300 SF restaurant built in 2001 on .85 ac lot at a highly visible location in densely populated and upper middle class area. 100% absolute NNN corp lease with 5-yrs left. NOI $181K/yr. $2.74M. 6.60% cap.
  8. Office Building in Flower Mound, TX: 7021 SF Class-B office building on 1 ac lot in growing and affluent Fort Worth/Dallas suburbs with an AHI of $122K/yr in a 1 mile radius. 100% NNN leased to family physician and “upscale” hair salon. NOI $104K/yr. $1.42M. 7.37% cap.
  9. Garcia’s in Chandler, AZ: 6000 SF Mexican restaurant completed in 2006 on .69 ac lot along major thoroughfare. Part of shopping center anchored by Lowes, Staples, Petco, Dollar Tree, Big 5 Sports, Ross, and O’Reilly auto.  Excellent demographics: 448% pop growth since 2000 and $138K/yr AHI within 1 mile ring. 100% absolute NNN ground lease with 6-yrs left to a regional operator. NOI $170K/yr. $2.2M. 7.73% cap.
  10. Strip Center in Claremont, CA: 9226 SF well maintained strip center on .83 ac outparcel to Sprouts Farmers Market in Los Angeles County. NNN leased to multiple tenants. NOI $205K/yr. $3.79M. 5.41% cap.

(c) Transmercial 2015

05-04: Tuffy & Car-X, 99-Cents Only Store, Pollo Regio, MOB, Rite Aid, Retail Centers

  1. Tuffy/Car-X in Indianapolis, IN: 4950 SF attractive auto & tire center on .78 ac outparcel to Walmart center. Across from Lowe’s and near Costco, St. Vincent Indianapolis Hospital and I-465.  100% NNN corp lease with 8-yrs left. NOI $117K/yr with 1.75% annual rent increases. $1.748M. 6.75% cap.
  2. 99-Cents Only Store in Colton, CA: 21,413 SF retail building on over 1 ac corer lot in San Bernardino County. Near Inland Center Mall and I-215. 100% absolute NNN corp lease with over 9-yrs left. NOI $152K/yr with a rent bump in 2019. $2.991M. 5.09% cap.
  3. Urgent Care in Chandler, AZ: 6134 SF single tenant urgent care facility constructed in 1999 on 1.36 ac lot at a major retail intersection. Good demographics: fast growing and high income (AHI $111K/yr) Phoenix suburbs. 12-yrs NNN lease to a strong operator with 41 units. NOI $199K/yr with 10% rent increases every 5-yrs. $3.322M. 6% cap.
  4. Shopping Center in Plano, TX: 42,042 SF attractive shopping center built in 2001 on 4.56 ac lot in high income Dallas suburbs with an AHI of $107K/yr in a 1 mile ring. Across from Walmart Supercenter. 95% NNN leased. Actual NOI $505K/yr. $6.745M. 7.50% actual cap. Upside potential.
  5. Pollo Regio in Fort Worth, TX: 2157 SF drive-thru restaurant built in 2003 on .62 ac lot along major retail artery. Long absolute NNN lease with over 10-yrs left to Pollo Regio, a regional chain. NOI $60K/yr with 10% rent increases every 5-yrs. $1M. 6% cap.
  6. Strip Center in El Mirage, AZ: 5200 SF strip center built in 2006 on .57 ac lot in growing (209% pop growth since 2000) Phoenix suburbs. 100% leased to solid tenants. NOI $71K/yr. $1.1M. 6.49% cap.
  7. MOB in Huntington, NY: 6000 SF 10-yrs old Class-B single tenant medical office building on nearly 1 ac lot in high income New York suburbs. 100% leased. NOI $178K/yr. $2.55M. 7% cap.
  8. MOB in Garland, TX: 13,829 SF well maintained multitenant medical office building along busy corridor in growing middle class Dallas suburbs. 78% leased. $1.025M. NOI N/A.
  9. Retail Center in Grand Prairie, TX: 24.744 SF retail center constructed in 2008 on 2.38 ac lot along major corridor in Dallas/Fort Worth suburbs. 75% leased. 7% cap. NOI N/A.
  10. Rite Aid in Lansing, MI: 11,201 SF Rite Aid at a hard corner location and along major artery. Close to McLaren Grater Lansing Hospital. 100% NNN- lease with 2-yrs left. NOI $152K/yr. $1.888M. 8.10% cap.

(c) Transmercial 2015

05-01: Walgreens, Hancock Fabrics, Lumber Liquidators, Tires Plus, O’Reilly Auto Parts, Advance Auto Parts

  1. Walgreens in Glen Ellyn, IL: 14,490 SF attractive drive-thru Walgreens Pharmacy constructed in 2004 at a hard corner location in affluent Chicago suburbs with an AHI of $118K/yr in 1 mile. 100% lease with over 9-yrs left. NOI $420K/yr. $7M. 6% cap.
  2. Hancock Fabrics in Baldwyn, MS: 742,372 SF Hancock Fabrics corp headquarters & distribution center on 64½ acres of land along Hwy-45. 20-yrs absolute NNN lease. NOI $2.16M/yr. with annual 1.5% rent bumps.  $24M. 9% cap.
  3. Shopping Center in Orland  Park, IL: 40,100 SF attractive shopping center in growing and high income Chicago suburbs. Next to Jewel-Osco grocery and across from Target and Lowe’s. Near Walmart Supercenter. 100% leased to long term tenants. NOI $380K/yr. $4.75M. 8% cap.
  4. Lumber Liquidators in Waterbury, CT: 6500 SF newly constructed retail building on 1 ac lot along main retail corridor in Hartford suburbs. Adjacent to Walmart supercenter. New 7-yrs NNN- corp lease. NOI $74K/yr. $1.045M. 7.15% cap.
  5. Shopping Center in Fresno, CA: 36,516 SF inline shopping center on 2 ac lot anchored by O’Reilly Auto Parts at a hard corner location in upper middle class area. Shadow anchored by Orchard Supply Hardware. NNN leased. NOI $507K/yr. $7.809M. 6.50% cap.
  6. Tires Plus Portfolio in OH: 20,488 SF consisting of four single tenant auto centers. 100% absolute NNN corp leased. NOI $370K/yr. $4.119M. 9% cap.
  7. O’Reilly Auto Parts in Sacramento, CA: 5400 SF well maintained O’Reilly Auto Parts at a signalized intersection and along major artery. Adjacent to 99 Cents Store & DD Discount Center. 100% NNN lease with 3-yrs left. NOI $104K/yr. $1.74M. 6% cap.
  8. Retail Buildings & Sonic in Houston, TX: 16,550 SF retail center and Sonic drive-thru fast food restaurant on 1.75 ac outparcel to Home Depot. Across from Walmart Supercenter and Target. 100% NNN leased. NOI $525K/yr. $7.5M. 7% cap.
  9. Advance Auto Parts in Ocoee, FL: 7000 SF single tenant retail building completed in 2007 on 1.27 ac lot in Orland suburbs. Adjacent major retailers include: Winn-Dixie grocery, Publix Super Market, LA Fitness and Walgreens. 15-yrs NNN corp lease with over 7-yrs left. $2.5M. 6.37% cap.

(c) Transmercial 2015