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

04-07: Hancock Fabrics, Midas, Midwest Pain Clinic, Retail Centers

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  1. Retail Center in Dickinson, TX: 22,745 SF retail center built in 2009 on nearly 2 ac lot in fast growing and high income (AHI $87K/yr) Houston suburbs. 89% NNN leased. NOI $322K/yr. $3.555M. 9.08% cap.
  2. Hancock Fabrics in Longmont, CO: 15,229 SF well maintained strip center on .94 ac lot at a signalized corner location in Denver metro. Recently renewed 5-yrs lease with roughly 6-yrs left. Pro forma NOI $94K/yr. $1.29M. 7.33% cap.
  3. Midas in Port Charlotte, FL: 4970 SF built-to-suit automotive center on .36 ac lot along major retail artery. 20-yrs NNN lease with 3-yrs left. NOI $74K/yr with CPI rent increases every 2yrs. $999K. 7.50% cap.
  4. Retail Center in Cordova, TN: 15,100 SF attractive retail center constructed in 1991 on 1.43 ac lot in Memphis suburbs. 100% NNN leased to AutoZone, Trinity Learning Center and Advance Prosthetics. NOI $217K/yr. $3.45M. 6.30% cap.
  5. Shopping Center in Allen, TX: 48,849 SF shopping center built in 1999 on 8.46 ac lot at a hard corner location in growing and affluent Dallas suburbs with an AHI of $132K/yr in 1 mile. 86% leased with good tenant mix including: Wendy’ s, Taco Bell, BB&T Bank, H&R Block, Subway, Little Caesars, GNC, Edward Jones and Farmers Insurance among others. Actual NOI $832K/yr. $11.641M. 7.15% actual cap. Upside potential.
  6. Midwest Pain Clinic in Omaha, NE: 26,986 SF Class-A single-tenant medical office building completed in 1993 on 2 ac lot. Close to Methodist Hospital, Westroads Mall and I-680. 10 yrs absolute NNN lease. NOI $332K/yr. $4.6M. 7.22% cap.
  7. Retail Center in Plano, TX: 22,900 SF well maintained retail center constructed in 1999 in growing and affluent Dallas metro with an AHI of $145K/yr in 1 mile. 8.5% cap. NOI/Price N.A.
  8. Retail Center in Lauderhill, FL: 66,103 SF retail center on 8.76 ac lot close to Florida Medical Center in Fort Lauderdale metro. 89% leased with excellent tenant mix. Actual NOI $526K/yr. $7.95M. 6.62% cap.
  9. Shopping Center in Pompano Beach, FL: 61,658 SF well kept shopping center on 4.51 ac lot at a signalized intersection in Fort Lauderdale metro. Near Broward Health Imperial Point. 80% leased. NOI $346K/yr. $4.5M. 7.70% actual cap. Upside potential as rent is below market rent.
  10. Strip Center in Vernon Hills, IL: 12,113 SF attractive strip center on 1.38 ac lot at a signalized intersection in affluent (AHI $115K/yr in a 3 mile ring) Chicago suburbs. 85% leased. NOI $175K/yr. $1.95M. 9% cap.

(c) Transmercial 2015

04-06: Rite Aid, Burger King, Office Building, Strip Centers, Shopping Centers

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  1. Strip Center in Aurora, CO: 15,800 SF attractive strip center built in 2006 on 1.65 ac lot at a hard corner location in high income (AHI $93K/yr in 3 miles) Denver suburbs.  Tenants include: Big 5 Sporting Goods, Subway, H & R Block and Quincy Liquor. 100% NNN- leased. NOI $336K/yr. $4.082M. 8.25% cap. Buyer to assume $2.804M at 5.57% interest rate.
  2. Rite Aid in Antioch, CA: 16,708 SF well maintained drive-thru pharmacy constructed in 2000 on nearly 2 ac corner lot in high income (AHI $96K/yr) Contra Costa County. Adjacent to Epic Care and close to Sutter Delta Medical Center.  20-yrs NNN- corp lease with over 5-yrs left. NOI $303K/yr. with 5% rent bump each 5 yrs options.  $5M. 6.07% cap.
  3. Shopping Center in Chicago, IL: 29,891 SF 14-units well maintained shopping center on over 1 ac lot along major retail artery. 92% leased with good tenant mix including: Aaron’s Little Caesars, Sprint, Subway and Universal Dental Group. NOI $444K/yr. $5.855M. 7.59% cap. Upside potential when fully occupied.
  4. Retail Center in Meridian, ID: 22,008 SF retail center constructed in 1999 on 1.71 ac lot at a high traffic location in growing (49% pop growth since 2000) and upper middle Boise suburbs with an AHI of $83K/yr in 1 mile ring. Across from Meridian Crossroads with, Sportsman’s Warehouse, Ross, Shopko, PetSmart and Beth Bath & Beyond. Close to St. Luke’s Meridians Medical Center and I-84. 100% leased. NOI $269K/yr. $3.845M. 7% cap.
  5. Office Building in Santa Ana, CA: 10,808 SF Class-B multitenant office building on .43 ac lot in densely populated Los Angeles suburbs. Close to Kindred Hospital Santa Ana and with easy access to I-5. 98% occupied. NOI $113K/yr. $1.275M. 8.92% cap.
  6. Burger King in Louisville, KY: 3159 SF fast food restaurant remodeled in 2012 on 1.24 ac lot with good visibility. New 10-yrs NNN lease. NO $82K/yr. $1.38M. 6% cap.
  7. Neighborhood Center in Lake Stevens, WA: 96,341 SF attractive shopping center on over 12 ac lot in high income Seattle suburbs. Anchored by 22,289 SF Rite Aid, Dollar Tree & Ace Hardware. Shadow anchored by Albertsons. 98% leased. $1.259M/yr. $18.25M. 6.90% cap.
  8. Strip Center in Fort Wayne, IN: 12,227 SF attractive strip center on 1.33 ac lot in a high income (AHI $94K/yr) neighborhood. Adjacent to Walgreens and across from Kroger grocery center. Near Dupont Hospital Outpatient Hospital and I-69. 100% NNN leased with national tenants. NOI $224K/yr. $2.839M. 7.90% cap.
  9. Retail Center in Lexington, KY: 13,500 SF attractive retail center on .87 ac lot along busy retail corridor. 80% leased. Actual NOI $124K/yr. $1.55M. 8% actual cap. Upside potential.
  10. Retail Center in Lilburn, GA: 12,480 SF retail center constructed in 2005 on 1.70 ac corner lot in growing Atlanta suburbs. Close to Walmart Supercenter and Home Depot. 100% leased to ten tenants. NOI $193K/yr. $2.415M. 8% cap.

(c) Transmercial 2015

04-03: Pet Paradise, KFC Restaurant, Office Buildings, Retail Centers

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  1. Shopping Center in Chandler, AZ: 55,194 SF well maintained shopping center on 4.62 ac lot at a hard corner location. Across from Home Depot, Safeway and Staples. Close to Chandler Regional Medical Center. 81% leased with good tenant mix including: Anytime Fitness, Filiberto’s, Sweeties Candy, 360 Physical Therapy, Novacur Pin Center and EVDI Medical Imaging among others. NOI $742K/yr. $10.6M. 7% cap.
  2. Office Building in Jacksonville, FL: 16,222 SF Class-A multitenant office building on .74 ac lot along busy artery and near Hwy-1. 100% leased. NOI $195K/yr. $2.325M. 8.36% cap.
  3. Shopping Center in Bell, CA: 22,686 SF consisting of three free standing retail buildings in densely populated Los Angeles area with nearly 900,000 residents in a 5 mile radius. Close to I-710.  Excellent tenant mix with only two vacancies. Actual NOI $566K/yr. $8.7M. 6.51% cap.
  4. Office Building in Keller, TX: 7685 SF Class-B office building constructed in 1999 in affluent (AHI $144K/yr) Fort Worth/Dallas suburbs. 100% NNN leased to four medical/dental & professional tenants. NOI $119K/yr. $1.7M. 7% cap.
  5. Retail Center in Oakland Park, FL: 20,159 SF well maintained retail center on 1.31 ac lot along busy artery in Miami suburbs. Close to I-95. 88% leased. NOI $165K/yr. $2.36M. 7% cap.
  6. Pet Paradise in Plano, TX: 12,000 SF retail building completed in 2012 on 1.42 ac lot in upper middle class Dallas suburbs. Adjacent to major power centers with Costco, Target and Kohl’s. With easy access to Hwy-75. 100% absolute NNN lease with 17-yrs left to a regional operator with over 20 units. NOI $228K/yr with 2% annual rent bumps. $3.04M. 7.50% cap.
  7. KFC in Palm Harbor, FL: 2627 SF KFC Restaurant built in 1999 on over 3 ac lot along Hwy-19 in Tampa suburbs. 100% NNN corp ground lease (land is for sale) with 5-yrs left. NOI $71K/yr. $1.197M. 6% cap.

(c) Transmercial 2015