04-21: Burger King, Just Brakes, Starbucks Coffee, Malibu Steak and Seafood, California Family Fitness, MOB

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  1. Burger King in Phoenix, AZ: 3500 SF Burger King on .80 ac outparcel to Albertsons shopping center.  100% NNN lease with 3 yrs left.  NOI $94K. $1.461M. 6.5% cap.
  2. Retail Center in Milford, OH: 13,460 SF retail center on 2 ac lot in Cincinnati suburbs. Adjacent to Kroger supermarket, Meijer Superstore and Home Depot. 100% leased. NOI $277K/yr. $3.703M. 7.50% cap.
  3. Just Brakes in Cape Coral, FL: 4428 SF completely renovated auto center on .52 ac lot along major corridor. Across from a shopping center anchored by Publix Grocery. Close to Walmart Supercenter. New 15-yrs NNN lease. NOI $117K/yr with 10% rent bumps every 5-yrs. $1.885M. 6.25% cap.
  4. Starbucks in The Colony, TX: 841 SF drive-thru Starbucks coffee on an outlot to Walmart Supercenter in high income (AHI $100K/yr in 3 miles) Fort Worth/Dallas suburbs. Across from Target and Ross Dress for Less centers. With easy access to Hwy-121.  100% NNN lease with 2-yrs left. NOI $100K/yr. $1.55M. 6.50% cap.
  5. Malibu Steak and Seafood in Pearland, TX: 12,238 SF freestanding restaurant on 2.56 ac lot in fast growing and high income Houston suburbs with an AHI of $90K/yr in a 3 mile ring. Newly executed 10-yrs lease. NOI $160K/yr. $2M. 8% cap.
  6. California Family Fitness in Sacramento, CA: 17,600 SF fitness center on 2 ac lot in upper middle class area. With easy access to I-5. 100% absolute NNN lease with over 10-yrs left to California Fitness Center, a regional operator with 20 locations. NOI $144K/yr with annual rent bumps. $2.304M. 6.25% cap.
  7. Shopping Center in American Fork, UT: 148,180 SF neighborhood center on over 9 ac lot in Salt Lake City suburbs. Across from American Fork Hospital. 95% NNN lease with national and regional tenants. NOI $1.510M/yr. $19M. 7.94% cap.
  8. MOB in Henderson, NV: 5164 SF Class-B multitenant medical office building. Close to 219-bed St Rose Dominican Hospital-Siena. 100% NNN leased to three tenants. NOI $88K/yr. $1.264M. 7% cap.
  9. Retail Center in Mesquite, TX: 10,850 SF well maintained retail center on nearly 1 ac lot at a hard corner location in growing Dallas suburbs. Next to I-635. 100% leased to Subway, ACE Cash Express, Brooks Backyard BBQ, LA Insurance and Benchmark Consulting. NOI $171K/yr. $2.1M. 8.15% cap.
  10. Shopping Center in Charlotte, NC: 64,584 SF shopping center built in 1999 on nearly 9 ac lot next to newly completed I-485 exit.   Anchored by BI-LO Supermarket at a hard corner location in a high income (AHI $91K/yr in 3 miles) area. 100% NNN leased. NOI $773K/yr. Price reduced from $9.484M to $9.05M. 8.55% cap.

(c) Transmercial 2015

04-20: Tuffy Auto, AGA, Dollar Tree, Retail Centers, Strip Centers

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  1. Retail Center in Kettering, OH: 9800 SF retail center built in 2007 on 2½ ac lot along busy artery in Dayton suburbs. 100% leased to 4 tenants: LaRosa’s Pizzeria, Ice Ice Smoothie, Drycleaner and Eclipse Coffee & Tea Shop. NOI $147K/yr. $1.75M. 8.4% cap.
  2. Strip Center in Orland Park, IL: 7000 SF well maintained strip center in high income Chicago suburbs with an AHI of $91K/yr in a 3 mile radius. Adjacent to Whole Foods Market and across from Place Mall with Bed Bath & Beyond, DSW and Dicks Sporting Goods. Close to Orland Square Mall. 100% NNN leased to Jimmy John’s, Sprint and Naf Naf Grill. NOI $177K/yr. $2.532M. 7% cap.
  3. Tuffy Auto in Blacklick, OH: 4240 SF 6-bay Tuffy Auto constructed in 2002 on 1.67 ac lot in growing upper middle class Columbus suburbs. Across from Meijer grocery and Target. 100% NNN lease with 3-yrs left. NOI $119K/yr. $1.26M. 9.50% cap.
  4. AGA Medical in Stockbridge, GA: 9794 SF attractive build-to-suit single tenant medical office building completed in 2002 on 2 ac lot in fast growing Atlanta suburbs. With easy access to I-675. Between Southern Regional Medical Center and Piedmont Henry Hospital. 15-yrs NNN lease with 3-yrs left to Atlanta Gastroenterology Associates (AGA) with 37 locations. NOI $315K/yr with 2% annual rent bumps. $3.9M. 8% cap.
  5. Dollar Tree in Richmond, VA: 12,608 SF Dollar General built in 1995 on 1.79 ac lot at a hard corner location in high income (AHI $87K/yr) area. 100% NNN lease with 5-yrs left. NOI $118K/yr. $1.65M. 7.20% cap.
  6. Retail Center in Richmond, KY: 19,345 SF well maintained retail center. All unit face Hwy-421/25. 100% leased with good tenant mix. NOI $184K/yr. $2.3M. 8% cap.
  7. Retail Center in Tamarac, FL: 14,036 SF ten units retail center on 1.33 ac lot along major corridor in Fort Lauderdale suburbs. Close several anchored centers with Target, Babies “R” Us and Boston Market. 100% NNN leased. NOI $141K/yr. $2.2M. 6.50% cap.

(c) Transmercial 2015

04-17: Brakers Plus, Kiddie Academy, Mixed-use, Burlington Coat Factory

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  1. Retail Center in Katy, TX: 32,387 SF retail center built in 2005 on 4.58 ac outparcel to Walmart Supercenter in growing and high income (AHI $107K/yr in 3 miles) Houston suburbs. Between Katy Mills Mall and I-10. 89% NNN leased with excellent tenant mix. Actual NOI $585K/yr. $8.8M. 6.65% actual cap. Upside potential when fully leased.
  2. Retail Center in Stockton, CA: 15,314 SF retail center built in 2008 on 1.84 ac lot at a major retail artery. Adjacent to Costco. 100% NNN leased to seven national and local tenants.  NOI $438K/yr. $6.752M. 6.50% cap. NOTE: flyer not available full brochure upon request.
  3. Retail Center in Toledo, OH: 21,000 SF attractive retail center completed in 2002 on 2.78 ac lot along main corridor. With easy access to I-475. 100% NNN leased. NOI $191K/yr. $2.095M. 9.15% cap.
  4. Mixed-use in Norcross, GA: 31,360 SF three story office/retail building and 22,000 SF retail center on over 3 ac lot in growing Atlanta suburbs. 82% leased. Actual NOI $435K/yr. $5.6M. 7.78% cap.
  5. Retail Center in Austell, GA: 18,340 SF retail center built in 2007 on nearly 2 ac outparcel to 22-screen Regal Pavilion Cinemas and Gold’s Gym in growing Atlanta suburbs. 90% NNN leased with only one vacancy. NOI $329K/yr. $4.2M. 7.83% cap.
  6. Brakes Plus in Phoenix, AZ: 4594 SF attractive auto service center on .58 ac lot at a busy retail thoroughfare. Close to John C. Lincoln Deer Valley Hospital and with easy access to I-17. New 10-yrs absolute NNN corp lease. NOI $112K/yr with 10% rent bumps every 5-yrs. $1.795M. 6.25% cap.
  7. Kiddie Academy in Oswego, IL: 15,500 SF brand new built-to-suit educational center on 1.23 ac lot in high income Chicago suburbs with an AHI of $101K/yr in 1 mile. Between two major center with Meijer grocery, Bed Bath & Beyond, Michaels, Target, T.J. Maxx and Walmart. New 15-yrs NNN lease. NOI $273K/yr with 10% rent increases every 5-yrs. $3.412M. 8% cap.
  8. Neighborhood Center in Arlington, TX: 133,880 SF well maintained shopping center constructed in 1992 on over 11 ac lot anchored by 80,880 Burlington Coat Factory in high income area. Adjacent to Walmart Supercenter. Near The Parks at Arlington and I-20. 100% NNN leased to just 2 tenants: Burlington and an Antique Mall. NOI $818K/yr. $10.495M. 7.80% cap.

(c) Transmercial 2015

04-16: Tire Kingdom, Fast Auto Loans, AutoZone, Pawn 1, Fresenius, MOB, Retail Centers

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  1. Tire Kingdom in Saint Petersburg, FL: 7689 SF auto center renovated in 2006 on .60 ac corner lot along main retail corridor. 100% absolute NNN corp lease with 4½ yrs left. NOI $73K/yr. $1.018M. 7.24% cap.
  2. Fast Auto Loans in Beaumont, CA: 4000 SF attractive single tenant retail building on .38 ac lot in growing San Bernardino suburbs. 10-yrs NNN corp lease with 9-yrs left to strong regional tenant with over 70 stores. NOI $78K/yr with 10% rent bumps every 5-yrs. $1.356M. 5.75% cap. NOTE: flyer not available, full brochure upon request.
  3. AutoZone in Woonsocket, RI: 6201 SF AutoZone retail building on .61 ac lot at a signalized intersection along main artery. Across form shopping center with Sears and Savers. 100% NNN lease with 6-yrs left. NOI $78K/yr. $1.215M. 6.50% cap.
  4. Office Building in Bakersfield, CA: 12,669 SF Class-B multitenant office building in a high income area with an AHI of $90K/yr in a 3-mile ring. Close to major power center with Target, Home Depot and Walmart Supercenter. 100% leased. NOI $183K/yr. $2.525M. 7.26% cap.
  5. Pawn 1 in Boise, ID: 8828 SF single tenant pawn shop completed in 2009 on .72 ac corer lot. New15-yrs absolute NNN lease to a strong regional tenant with 16 locations. NOI $121K/yr with 2% annual rent bumps. $1.803M. 6.75% cap.
  6. Retail Center in Fountain Hills, AZ: 20,661 SF attractive retail center constructed in 2001 on over 2 ac lot in growing and high income (AHI $94K/yr in 3 miles) Phoenix MSA. 81% leased to seven tenants. Actual NOI $183K/yr. $2.615M. 7% actual cap. Upside potential.
  7. Shopping Center in Tucson, AZ: 25,600 SF well maintained shopping center built in 2001 on 4.34 ac lot at a hard corner location. Shadow anchored by Safeway grocery. 85% leased to thirteen tenants. Actual NOI $362K/yr. $4.95M. 7.33% cap.
  8. Fresenius in North Randall, OH: 4620 SF Class-B Fresenius Medical Center on 1 ac lot in Cleveland suburbs. Close to Regency North Central Ohio Hospital and I-480. Recently executed 3-yr lease. NOI $136K/yr. $1.362M. 10% cap.
  9. MOB in Tampa, FL: 4350 SF eye-catching single tenant medical office building renovated in 2005 on .45 ac lot. Close to Memorial Hospital of Tampa. New 10 yrs absolute NNN lease  to Jay J. Garcia MD Weight Loss & Wellness Center with 3 locations in Tampa. NOI $117K/yr. with 3% annual rent bumps.  $1.62M. 7.25% cap.
  10. Retail Center in Chesterfield, MO: 13,558 SF attractive retail center on 2 ac lot at a hard corner location in prosperous St. Louis suburbs with an AHI of $158K/yr in 1 mile. 100% leased. NOI $250K/yr. $2.95M. 8.50% cap.

(c) Transmercial 2015

04-15: MOB, Office Buildings, Retail Centers, Shopping Centers

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  1. Neighborhood Center in Manteca, CA: 54,643 SF attractive shopping center built in 2007 on 5.47 ac lot in Stockton suburbs. Anchored by PetSmart. 84% NNN leased to eleven tenants. Actual NOI $569K/yr. $8.676M. 6.56% actual cap. Upside potential.
  2. Office/MOB in Livonia, MI: 7100 SF Class-A office & medical building completed in 2001 on .60 ac lot in high income (AHI $86K/yr in 1 mile) Detroit suburbs. Close to St. Mary Mercy Livonia Hospital. 72% leased to multiple tenants. Actual NOI $103K/yr. $1.15M. 9% actual cap.
  3. Retail Plaza in Littleton, CO: 53,587 SF well maintained shopping center on 4.41 ac lot in high income (AHI $93K/yr) Denver suburbs. Across from Southwest Plaza Mall, with Dillard’s, Macy’s, Sears and JCPenney. 91% NNN leased.  NOI $397K/yr. $4.96M. 8% cap.
  4. Strip Center in Palos Heights, IL: 5548 SF strip center on .69 ac outparcel to Jewel-Osco supermarket in high income Chicago suburbs. 100% NNN leased to Lou Malnati’ s Pizzeria, Great Clips, Jersey Mike’ s Subs and Forever Yogurt. NOI $121K/yr. $1.737M. 7% cap.
  5. Retail Center in Spring, TX: 26,670 SF retail center built in 2005 on over 2 ac lot along main artery in high income Houston suburbs with an AHI of $98K/yr in a 3 mile ring. 95% NNN leased with only 1 vacancy. Pro forma NOI $441K/yr. $4.995M. 8.80% cap.
  6. Retail Center in Rancho Cordova, CA: 26,571 shopping center on nearly 2 ac lot in growing Sacramento suburbs. With easy access to Hwy-50. 100% leased to six tenants. NOI $227K/yr. $2.2M. 10.30% cap.
  7. MOB in Independence, MO: 19,239 SF Class-A  medical office building constructed in 2004 on 2.48 ac lot in Kansas City suburbs. Across from Costco and Lowe’s. Close to Centerpoint Ambulatory Surgery Center, Independence Mall and I-70/470. 100% leased to two medical tenants. NOI $430K/yr. $5.408M. 7.95% cap.
  8. MOB in Bethlehem, PA: 22,742 SF well maintained multitenant medical office building on 2.56 ac lot in Philadelphia suburbs. Close to Good Shepherd Specialty Hospital. 100% NNN leased to 3 tenants: Fresenius (S&P BBB-), DaVita (S&P BB) and Valley Kidney Specialist. All under new10-yrs NNN lease. NOI $357K/yr with annual rent increases. $5.338M. 6.70% cap.
  9. Office Building in Tinley Park, IL: 23,101 SF Class-A office building completed in 2007 on 1.22 ac lot in fast growing (172% pop growth since 2000) and affluent (AHI $115K/yr) Chicago suburbs. Visible and next to I-80. 96% leased to multiple tenants. Pro forma NOI $358K/yr. $4.39M. 8.30% pro forma cap.
  10. Retail Center in Rex, GA: 14,000 SF retail center built in 2008 on 3.49 ac lot in growing Atlanta suburbs. All units face Hwy-42. 71% leased. Actual NOI $89K/yr. $1.095M. 8.18% cap.

(c) Transmercial 2015

04-14: Smart & Final, Dollar Tree, Arby’s, MOB, Office Building, Retail Center

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  1. Retail Center in Lawrenceville, GA: 20,869 SF eye-catching retail center constructed in 2010 on over 2 ac lot along main artery. In fast growing and upper middle class Atlanta suburbs. 100% leased to ten tenants. NOI $280K/yr. $3.412M. 8.21% cap.
  2. Smart & Final and Dollar Tree in Moreno Valley, CA: 39,268 SF two tenant retail center on 3.67 ac lot at a signalized intersection in growing Riverside County. 100% NNN leased to brand name tenants. NOI $407K/yr. $7.41M. 5.50% cap.
  3. Retail Center in Southaven, MS: 15,900 SF attractive retail center built in 2007 on 2.29 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 to Belhaven University, Ageless Men’s Health, Firehouse Subs, Batteries Plus, AAA, Sport Clips and Swankys Taco Shop. NOI $275K/yr. $3.5M. 7.87% cap.
  4. MOB in Winston Salem, NC: 10,584 SF Class-A multitenant medical office building completed in 2008 on 1.31 ac lot in a fast growing area. 83% leased to 2 medical tenants. Actual NOI $96K/yr. $1.2M. 8% cap. Upside potential when fully leased.
  5. Retail Center in Alpharetta, GA: 17,700 SF attractive retail center in affluent Atlanta suburbs with an AHI of $108K/yr in a 3 mile radius. NNN leased. NOI $270K/yr. $3.6M. 7.50% cap.
  6. Shopping Center in Urbandale, IA: 22,771 SF retail center built in 2001 on 3 ac lot in fast growing and high income (AHI $99K/yr in 3 miles) Des Moines suburbs. Outparcel to Super Target and Home Depot. Next to I-80/35. 86% NNN leased to 11 tenants including US Cellular, Great Clips, Game Stop, Quiznos, and Top Nails. Current NOI $239K/yr. $3.189M. 7.50% cap. Upside potential when fully leased.
  7. Office Building in Sandy, UT: 26,056 SF recently remodeled professional/medical office building in growing middle-class Salt Lake City suburbs. Close to Alta View Hospital and major power center with Walmart Supercenter. 93% leased. NOI $178K/yr. $1.98M. 9% cap.
  8. Retail Center in Englewood, CO: 13,258 SF attractive retail center built in 2001 on 1.47 ac lot in booming (1,906% pop growth since 2000) and affluent (AHI $110K/yr in 3 miles) Denver MSA. Close to I-25. 100% leased to six tenants. NOI $238K/yr. $3.275M. 7.28% cap.
  9. MOB in Chandler, AZ: 10,706 SF Class-B medical office building on 1.23 ac lot in Phoenix suburbs. Close to Chandler Regional Medical Center and Banner Desert Medical Center. 87% leased with only one vacant unit. Pro forma NOI $110K/yr. $1.4M. 7.90% pro forma cap.
  10. Arby’s in Muskegon, MI: 3,300 SF Arby’s Restaurant constructed in 2001 on over 1 ac outparcel to The Lakes Mall with over 76 stores. With easy access to Hwy-31. 100% absolute NNN lease with 7-yrs left. NOI $144K/yr with 1% annual rent increases. $1.999M. 7.25% cap.

(c) Transmercial 2015

04-13: Retail Center, Pet Resort, MOB

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  1. Retail Center in Burlington, WA: 17,569 SF retail center built in 2006 on 1.47 ac lot in a growing town North of Seattle. Adjacent to Cascade Mall, with AMC Theaters, Macy’s and JCPenney. With easy access to I-5.  93% NNN leased with good tenant mix including, DaVita Dialysis and Weight Watchers. NOI $254K/yr. $3.56M. 7.15% cap. Note: Flyer not available full brochure upon request.
  2. Retail Building in El Paso, TX: 11,830 SF well maintained retail building on .40 ac lot at a signalized corner location. 100% leased to Dollar Tree and Bryant’s Market. NOI $123K/yr. $1.83M. 6.75% cap.
  3. Strip Center in Orlando, FL: 12,778 SF attractive retail center built in 2001 on 1.30 ac lot at a busy thoroughfare and in high income area with an AHI of $83K/yr in 1 mile. Adjacent to Publix Grocery center. 100% NNN leased. NOI $214K/yr. $2.952M. 7.25% cap.
  4. Retail Center in Branchburg, NJ: 8250 SF well kept retail center on over 1 ac lot along US Route 202 in affluent (AHI $123K/yr in 3 miles) New York MSA. 100% leased. NOI $144K/yr. $2.05M. 7.06% cap.
  5. Pete and Mac’s Pet Resort in Gilbert, AZ: 14,000 SF freestanding building constructed in 2006 on .84 ac corner lot in upper middle class Phoenix suburbs. 15-yrs NNN lease with 7-yrs left to successful operator. NOI $221K/yr with 2.5% annual rent increases. $2.957M. 7.50% cap.
  6. Retail Building in Coram, NY: 25,000 SF retail building on 2½ ac lot along retail corridor. Good demographics: growing and high income area with an AHI of $86K/yr in a 3 mile radius. Tenants include: Benjamin Moore, The Gun Shop and King’s Pottery. NOI $166K/yr. $2.225M. 7.50% cap.
  7. MOB in Berwyn, IL: 9400 SF Class-B single tenant medical office building at a signalized corner location in Chicago suburbs. Adjacent to centers with Meijer grocery, Jewel-Osco grocery, Kohl’s Toys “R” Us and Petco. Close to North Riverside Park Mall. 15-yrs NNN- lease with 14-yrs left to Oak Street Health. NOI $192K/yr with 2.5% annual rent increases. $2.75M. 7.01% cap.
  8. Alexian Brothers Health System in Addison, IL: 11,200 SF Class-A single tenant 24-hrs full-service facility on 1.34 ac lot along major corridor in high income (AHI $89K/yr) Chicago suburbs. With easy access to I-355. 100% NNN lease with 3-yrs left. NOI $252K/yr. $3.45M. 7.33% cap.

04-10: Neighborhood Center, Inline Center, Retail Centers, Strip Centers

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  1. Strip Center in Windsor Mill, MD: 6000 SF strip center built in 2013 on .66 ac lot at a signalized intersection in growing Baltimore suburbs. 100% NNN leased to EJW Distributors, Boost Mobile & Metro PCS, Momo’s, C-Mart and church. NOI $103K/yr. $1.255M. 8.25% cap.
  2. Retail Center in Fort Worth, TX: 15,073 SF retail center completed in 2004 on 1.41 ac lot. Across from 225,000 SF Chapel Hill Center, with upscale restaurants including WorldPlus Market, James Avery Jewelry, Mi Cocina and Buttons. With easy access to I-30. 100% NNN leased to five tenants. NOI $373K/yr. $4.5M. 8.30% cap.
  3. Retail Center in Evansville, IN: 6312 SF well maintained retail center on nearly 1 ac lot. Across from Eastland Mall. 100% leased to 2 brand name tenants: Sprint and Schlotsky’s Deli/Cinnabon. NOI $93K/yr. $1.16M. 8% cap.
  4. Shopping Center in Rialto, CA: 25,352 SF attractive shopping center on 1.78 ac lot along main corridor in San Bernardino County.  Anchored by a 9600 SF Family Dollar store.100% leased. NOI $266K/yr. $4.1M. 6.5% cap.
  5. Shopping Center in Perris, CA: 48,331 SF shopping center constructed in 1991 on over 5 ac lot in fast growing Riverside County. Across from new 180,000 SF Super Walmart. With easy access to I-215. NOI $723K/yr. $10.3M. 7.02% cap.
  6. Retail Center in Santa Rosa, CA: 21,230 SF attractive retail center completed in 2003 on 1½ ac lot in fast growing & upper middle class town North of San Francisco. 92% leased to national, regional and local tenants. Pro forma NOI $323K/yr. $4.95M. 6.50% pro forma cap.
  7. Inline Center in Waukegan, IL: 18,200 SF inline center in growing Chicago suburbs. Shadow anchored by Target and Jewel Oslo grocery. Good tenants mix: GNC, Hair Cuttery, H&R Block, Sears Optical and Envy Nails. 92% NNN leased. Actual NOI $290K/yr. $3.87M. 7.50% cap.
  8. Neighborhood Center in Melrose, IL: 138,355 SF shopping center on over 11 ac lot at a major retail intersection anchored by Planet Fitness, Harbor Freight and FAMSA. Adjacent to T.J Maxx, Burlington Coat Factory and Tony’s Finer Foods. Close to Kindred Hospital. 82% NNN leased. Actual NOI $1.031M/yr. $14.25M. 7.24% cap.

(c) Transmercial 2015

04-09: Fast Auto Loans, Merchant’s Tire, Jiffy Lube, Golden Corral, Office Buildings

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  • Fast Auto Loans in Pittsburg, CA: 2676 SF newly renovated retail building on .72 ac lot visible from Hwy-4 in growing Contra Costa County. Adjacent to Home Depot and WinCo Foods. New 7-yrs NN corp lease. NOI $95K/yr with 2% annual rent increases. $1.59M. 6% cap.
  • Merchant’s Tire in Henrico, VA: 7080 SF single-tenant auto center on .65 ac lot in growing & upper middle class (AHI $83K/yr in 3 miles) Richmond suburbs. Across from Walmart Supercenter and Regency Square Mall. 20-yrs absolute NNN lease with 6-yrs left. NOI $216K/yr. $2.71M. 8% cap.
  • Jiffy Lube in Mesa, AZ: 4130 SF well maintained two-bay auto center at a busy corridor in growing Phoenix suburbs. Next to Walgreens and with easy access to Hwy-202. 20-yrs absolute NNN lease with 13-yrs left. NOI $106K/yr with 10% rent increases in yrs 10 & 15. $1.578M. 6.75% cap.
  • Shopping Center in Phoenix, AZ: 21,219 SF consisting of three retail buildings on 1.37 ac lot along main corridor and at a signalized intersection. Shadow anchored by 99 cents Only. Next to Home Depot.  Close to Paradise Valley Hospital and Hwy-51. 93% leased. NOI $245K/yr. $3.063M. 8% cap.
  • Office Building in Sacramento, CA: 52,252 SF Class-A single-tenant office building constructed in 1998 on 5.69 ac lot along main artery. Tenant has been at this location since 1998. 100% lease with over 7-yrs left Sacramento county. NOI $752K/yr. $8.95M. 8.43% cap.
  • Retail Center in West Sacramento, CA: 22,198 SF attractive retail center built in 1992 on 1.61 ac lot at a hard corner location. Near I-80. 90% leased to Kelly Moore, Harbor Dental, Subway, Nail Salon, Check into Cash and Raku Sushi. NOI $411K/yr. $5.175M. 7.95% cap.
  • KinderCare in Palatine, IL: 6175 SF daycare facility on nearly 1 ac lot in high income Chicago suburbs with an AHI of $96K/yr in1 mile ring. Tenant has been at this location since 1989. 100% absolute NNN corp lease with 5-yrs left. NOI $123K/yr with 2% annual rent increases. $1.65M. 7.50% cap.
  • Office Building in Austin, TX: 50,836 SF Class-B office building in a high income area and along Hwy-183. 90% NNN leased with good tenant mix including, attorneys, consultants, social services, doctors and technology tenants. Actual NOI $485K/yr. $6.66M. 7.29% actual cap. Upside potential.
  • Golden Corral in Humble, TX: 11,414 SF Golden Corral Restaurant on over 2 ac outparcel to Sam’s Club and across from Kroger grocery in Houston metro. Adjacent to major power centers, Deerbrook Mall and with easy access to Fwy-59.  100% NNN lease with 2-yrs left. NOI $223K/yr. $2.787M. 8% cap.
  • Retail Center in New Port Richey, FL: 27,077 SF well kept retail center constructed in 2006 on 5 ac lot in Tampa metro. All units face Hwy-1.  Tenants include: H&R Block, Allstate, Day Care, Doctors Offices, Marco’s Pizza and Bridal Shop. NOI $264K/yr. $3.3M. 8% cap.

(c) Transmercial 2015

04-08: Hereford House Steakhouse, Strip Centers, Retail Centers, Office Buildings

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  • Retail Center in Indianapolis, IN: 16,785 SF attractive retail center built in 2008 on 1.79 ac corner lot close to I-74/465.  Tenants include: Huntington Bank, Subway, Sprint, Noble Romans, Gone Kountry and Sky Nails. NOI $257K/yr. $3.32M. 7.75% cap.
  • Hereford House in Leawood, KS: 11,055 SF Steakhouse Restaurant on 1 ac outparcel to Town Center Plaza in high income (AHI $98K/yr) Kansa City suburbs. Close to Menorah Medical Center. 15-yrs absolute NNN lease with 12-yrs left to tenant with 4 locations.  NOI $254K/yr with annual rent increases. $3.512M. 7.25% cap.
  • Office Building in Flower Mound, TX: 16,415 SF Class-B consisting of three medical/office  buildings completed in 1998 on 1.77 ac lot in growing and prosperous Fort Worth/Dallas suburbs with an AHI of $134K/yr. 97% leased to multiple tenants. Actual NOI $206K/yr. $2.55M. 8.10% cap.
  • Retail Center in Altamonte Springs, FL: 52,800 SF well maintained retail center along busy corridor in Orlando suburbs. Close to Altamonte Mall and I-4. Actual NOI $513K/yr. $5M. 10% cap.
  • Retail Center in Kissimmee, FL: 42,183 SF attractive retail center on 4.53 ac lot along Hwy-530 in Orlando metro. Close to Florida Hospital Celebration Health Hospital and I-4. Major tenants include: Ponderosa Steak House and Big Bargain World. 88% leased. Actual NOI $512K/yr. $5.1M. 10.05% cap. Upside potential.
  • Starbucks Coffee in Little Rock, AR: 1750 SF Starbucks Coffee constructed in 2006 on .46 ac lot along busy retail corridor. Near I-430. 10-yrs NNN- corp lease with 2-yrs left. NOI $92K/yr. $1.23M. 7.50% cap.
  • Strip Center in Edinburg, TX: 12,025 SF attractive strip center built in 2007 on over 1 ac lot in McAllen suburbs. Across from Walmart Supercenter. 90% NNN leased. NOI $236K/yr. $3.29M. 7.20% cap.
  • Retail Center in Minneapolis, MN: 30,712 SF well kept retail center at a corner location. 90% leased to Family Dollar, Mega Wash, Adult Day Care and Nokomis Child Care Center. Actual NOI $228K/yr. $2.6M. 8.80% cap.
  • Shopping Center in Topeka, KS: 37,189 SF shopping center on 2.83 ac lot close to West Ridge Mall and I-470. 100% leased to 4 tenants: Goodwill, Going Bonkers, Verizon and Bella Salon. Pro forma NOI $304K/yr. $3.5M. 8.70% cap.
  • Retail Center in Chandler, AZ: 11,665 SF attractive retail center in booming (1,586% pop growth since 2000) and affluent (AHI $112K/yr) Phoenix suburbs. 100% leased. NOI $258K/yr. $3.569M. 7.25% cap.

(c) Transmercial 2015