03-10: BWW; Office Buildings; MOB; Retail Centers

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  • Retail Center in Centennial, CO: 6948 SF attractive retail center on 1 ac lot in a growing and affluent (AHI $112K/yr in 1 mile) Denver suburbs. Adjacent to King Soopers grocery and Safeway grocery Centers. 100% absolute NNN leased to Budget Transmission and Brakes Plus. NOI $129K/yr. $1.92M. 6.75% cap.
  • MOB in Edmond, OK: 17,213 SF built-to-suit single-tenant medical office building constructed in 1999 on 2 ac lot in growing and upper middle class Oklahoma City suburbs. 11-yrs NNN lease with 5-yrs left to INTREGRIS, a large regional tenant. NOI $308K/yr. $3.635M. 8.50% cap.
  • Shopping Center in Chino, CA: 64,076 SF attractive shopping center built in 1991 on 6 ac lot at a busy retail corridor in upper middle-class San Bernardino County. Close to Hwy-60. 86% NNN leased. NOI $701K/yr. $11.25M. 6.23% cap.
  • Retail Center in Sun City, AZ: 39,443 SF well kept retail center on over 2 ac lot along main retail artery in Phoenix MSA. 91% leased. NOI $384K/yr. $4.925M. 7.80% cap.
  • Buffalo Wild Wings in Texarkana, TX: 6400 SF attractive restaurant constructed in 2007 on 1.25 ac lot with good access and excellent visibility to I-30. Adjacent to Power Center with Cinemark, Home Depot, T.J. Maxx and Beth Bath & Beyond. Across from Lowe’s & Walmart Supercenter and near Central Mall. 100% absolute NNN lease with 5-yrs left. NOI $144K/yr with 2% annual rent bumps. $2.058M. 7% cap.
  • Office Building in Grove City, OH: 27,535 SF Class-B multitenant office building on 3.39 ac lot in fast growing (77% pop growth) and upper middle-class (AHI $76K/yr) Columbus suburbs. Close to I-71. 96% NNN leased to multiple tenants. NOI $315K/yr. $4.5M. 7% cap.
  • MOB in Riverton, UT: 4542 SF Class-B medical office building on ½ ac lot in growing and high income Salt Lake City suburbs. 100% NNN leased. NOI $71K/yr. $965K. 7.40% cap.

03-09: Alexian Brothers Health System; Wendy’s; DaVita; Fast Med; Office Buildings

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  • Alexian Brothers Health System in Addison, IL: 11,200 SF Class-A single-tenant medical office building along major corridor in high income (AHI $92K/yr) Chicago MSA. With easy access to I-355. 100% corp lease to well-known medical service provider. NOI $252K/yr with 3% annual rent increases. $3.45M. 7.33% cap.
  • Wendy’s in Oshkosh, WI: 3270 SF Wendy’s built in 2002 in a fast growing area. Between The Medical Center of Aurora and Hwy-41. This is a sale/leaseback investment. New 20-yrs absolute NNN lease to an experienced franchisee. NOI $77K/yr with 1.5% annual rent increases. $1.244M. 6.20% cap.
  • DaVita Dialysis in Cape Coral, FL: 7404 SF attractive medical office building constructed in 2005 in upper middle-class in Fort Myers suburbs. 100% NNN- lease. NOI $147K/yr with 3.5% annual rent bumps. $2.449M. 6.01% cap.
  • Retail Center in Meridian, ID: 8450 SF retail center built in 2007 on .83 ac lot in growing and middle-class (AHI $73K/yr in 3 miles) Boise suburbs. Across from Fred Meyer Grocery Store. 100% leased. NOI $85K/yr. $1.15M. 7.43% cap.
  • Fast Med in Mesa, AZ: 2600 SF Fat Med Urgent Care Center constructed in 2004 on .40 ac lot on Phoenix suburbs. Close to Banner Mesa Medical Center. 10-yrs NNN lease with over 7-yrs left. NOI $80K/yr. $1.1M. 7.30% cap.
  • Strip Center in Bellmore, NY: 11,700 SF strip center on .51 ac lot in high income New York suburbs with an AHI of $119K/yr in 1 mile ring. 100% leased to multiple tenants. NOI $153K/yr. $3M. 5.10% cap.
  • Office Building in Edmond, OK: 5000 SF Class-B multitenant office building on .49 ac lot in fast growing (284% pop growth since 2000) and high income (AHI $96K/yr) Oklahoma City suburbs. 100% leased to three tenants. NOI $80K/yr. $1M. 8% cap.
  • Shopping Center in San Antonio, TX: 122,120 SF attractive shopping center on over 11 ac lot shadow anchored by 203,000 SF Walmart Supercenter. Close to I-10. 81% leased with good tenant mix. 7% cap. NOI/Price N/A.

03-06: Burger King, Regional Plaza, Shopping Centers, Retail Centers

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  1. Shopping Center in Lexington, KY: 180,576 SF shopping center renovated in 2003 on over 18 acres of land anchored by 78,337 SF Burlington Coat Factory along major retail artery. Other major national tenants include: Tuesday Morning, Aaron’s, Golden Buffet, Hancock Fabrics and Sherwin Williams.  Adjacent to Walmart and close to Saint Joseph East Hospital. Close to Hwy-60. 100% leased with good tenant mix. NOI $1.07M. $13.37M. 8% cap.
  2. Burger King in Orlando, FL: 4118 SF well maintained Burger King on nearly 2 ac corner lot along busy corridor. Tenant has been at this location since 1994. 100% absolute NNN corp lease with over 4-yrs left. NOI $90K/yr. $1.24M. 7.30% cap.
  3. Retail Center in Katy, TX: 32,387 SF attractive retail center built in 2005 on 4.58 ac outlot to Walmart Supercenter in a fast growing and high income (AHI $107K/yr in 3 miles) Houston MSA. Good tenant mix include: Pizza Hut, State Farm, Subway and Payless Shoe Source, Dentist, Tutoring Center, China Buffet, Hair Salon and Nail Salon just to name a few. 89% NNN leased. $585K/yr. Price: Best Offer.
  4. Retail Center in Lithonia, GA: 32,200 SF eye-catching retail center built in 2003 on 4.55 ac lot at a major signalized intersection in growing Atlanta suburbs. Across from The Mall at Stonecrest. Adjacent big-box retailers include: Walmart, Sam’s Club, Target, DSW, Marshalls and more. Close to I-20. 79% NNN leased with excellent tenant mix. NOI $449K/yr. $5.99M. 7.50% cap.  Upside potential when fully leased.
  5. Strip Center in Richland, TX: 13,805 SF strip center constructed in 2007 on 1 ac lot at a hard corner location in growing and high income Kennewick suburbs with an AHI of $93K/yr. Close to Columbia Center Mall. 92% leased. NOI $199K/yr. $2.85M. 7.01% cap.
  6. Shopping Center in Keiser, OR: 74,800 SF well maintained shopping center on over 5 ac corner lot in Salem suburbs. 96% leased. NOI $792K/yr. $9.9M. 8% cap.
  7. Retail Center in Hillsboro, OR: 29,391 SF well maintained retail center on 1.93 ac lot along Hwy-8 in Portland suburbs. 86% leased. NOI $220K/yr. $2.94M. 7.50% cap. Upside potential when fully leased.
  8. 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. Close to I-80. NOI $259K/yr. $3.61M. 7.20% cap.
  9. Regional Plaza in Chicago, IL: 111,660 SF shopping center renovated in 2006/2007 anchored by Pete’s Fresh Market. Other national tenants include: Planet Fitness, Fifth Third Bank, Domino’s Pizza and Sally Beauty. With five points of ingress/egress. Across from Walmart Neighborhood Market and close to Mt. Sinai Hospital. NNN leased. NOI $1.436M/yr. $20M. 7.18% cap.
  10. Shopping Center in Milwaukee, WI: 35,327 SF well kept shopping center at a corner location. Near new Walmart. 87% leased to Southern Smoke, Pizza Hut, USPS, The Party Palace, Liberty Tax Service, Hair Salon, Mayfair Rent-A-Car, Aerial Company Inc., Bistro Cafe, Magic Nails, Carriage Cleaners, Goody Gourmet Popcorn and Payday Loan. NOI $311K/yr. $3.617M. 8.62% cap.

03-05: Good Times Burger & Frozen Custard, Dollar General, Liberty Dialysis, Retail Centers

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  • Good Times Burger & Frozen Custard in Centennial, CO: 2100 SF brand new fast food restaurant on .89 ac lot along main retail corridor in fast growing and high income (AHI $99K/yr in 3 miles) Denver MSA. Near Centennial Medical Plaza, Arapahoe Crossings with AMC Theaters and Hwy-83. Brand new 20-yrs absolute NNN corp lease. NOI $93K/yr with 1% annual rent bumps. $1.562M. 6% cap.
  • Retail Center in Saint Charles, IL: 16,189 SF well maintained retail center at a signalized intersection in affluent Chicago suburbs with an AHI of $102K/yr in a 3 mile radius. Good tenant mix: Valley Lock, Chiropractor, Domino’s Pizza, Benefit Personal Training, Tax/Attorney, Cell Phone Repair and Keller Williams. NOI $110K/yr. $1M. 11% cap.
  • Retail Buildings in Brooklyn Park, MN: 34,400 SF consisting of three attractive buildings on over 3 ac corner lot in Minneapolis suburbs. 90% leased with good tenant mix including: Petco, Caribou Coffee, Chipotle, Jimmy John’s, Panda Express and Game Stop. Close to I-494. NOI $515K/yr. $7.365M. 7% cap.
  • Strip Center in Lincoln, CA: 9961 SF attractive strip center along main corridor in growing and upper middle class Sacramento suburbs. Across from Walmart Neighborhood Market. 90% leased to eight tenants. Actual NOI $91K/yr. $1.375M. 6.60% actual cap. Upside potential.
  • Office Building in Tustin, CA: 11,368 SF consisting of two attractive office buildings on .59 ac lot in upper middle class Orange County. Close to Western Medical Center and Hwy-55. 97% leased. $2.65M. NOI/Cap N/A.
  • Retail Center in Grover Beach, CA: 12,600 SF 12-units well maintained retail center in a coastal city in San Luis Obispo County. Tenants include: Community Health Center, Veterinarian and other wellness related tenants. NNN lease with only one vacancy. NOI $135K/yr. $1.85M. 7.30% cap.
  • Dollar General in Jacksonville, FL: 9014 SF Dollar General in a fast growing (127% pop growth since 2000) and high income (AHI $85K/yr) area. Next to Walgreens. 10-yrs absolute NNN lease. NOI $128K/yr. $2.054M. 6.25% cap.
  • Liberty Dialysis in Victoria, TX: 9000 SF Class-A dialysis center constructed in 2009 on over 1 ac lot close to 296-bed Citizens Medical Center. 100% absolute NNN lease with 8-yrs left to Liberty Dialysis, an affiliate of Fresenius Medical Care. NOI $220K/yr with 2% annual rent increases. $3.146M. 7% cap.

03-04: Elite Care, Taco Bell, Rite Aid, Godfather’s Pizza, Tutor Time

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  • Retail Center in Madison, WI: 8614 SF attractive retail center on over 1 ac outparcel to Home Depot and Goodwill center in a growing upper middle class area. With good access to Hwy-14. 100% leased to Subway, Trail This and Wisconsin Indoor Cycling. NOI $85K/yr. $1.069M. 8% cap.
  • Elite Care in San Antonio, TX: 14,878 SF Class-A Elite Care 24 Hour Emergency Center built in 2013 on 2.28 ac corner lot in growing and high income area with an AHI of $85K/yr in 1 mile ring. 100% NNN corp lease with 12-yrs left. NOI $496K/yr. $7.09M. 7% cap.
  • Taco Bell in Las Vegas, NV: 1760 SF franchised fast food restaurant across from Food 4 Less. Near I-515. 100% absolute NNN lease with 4 yrs left to a strong operator with 65-units. NOI $165K/yr. $2.248M. 7.35% cap.
  • Office Building in Cottonwood Heights, UT: 12,798 SF Class-B multitenant office building constructed in 2000 on .86 ac lot in high income (AHI $86K/yr in 3 mile radius) in Salt Lake City suburbs. Close to I-215. 100% lease with good professional tenants mix. NOI $148K/yr. $2.05M. 7.25% cap.
  • Rite Aid in Turlock, CA: 29,860 SF well maintained Rite Aid Pharmacy on 2.59 ac lot along main corridor part of major shopping center with Factory Two U, 99 Cents Only, Goodwill and Big 5 Sporting Goods. 100% absolute NNN lease with over 10-yrs left. NOI $210K/yr. $3.5M. 6% cap.
  • Retail Center in Bell Gardens, CA: 10,000 SF L-shaped well kept retail center on .56 ac lot at a signalized corner location & in densely populated area with over 800,000 residents in a 5 mile radius. Across from Super A Foods. 100% leased to four tenants. NOI $142K/yr. $1.95M. 7.30% cap.
  • Retail Center in Plainville, CT: 22,862 SF well maintained retail center on nearly 2 ac lot at a signalized location in Hartford suburbs. 100% leased. NOI $146K/yr. $2.17M. 6.75% cap.
  • Godfather’s Pizza in Albuquerque, NM: 3883 SF retail building on .90 ac corner lot. New 10-yrs absolute NNN lease. NOI $93K/yr with 10% rent bumps every 5-yrs. $1.55M. 6% cap.
  • Tutor Time in Portage, MI: 10,000 SF single-tenant child care and educational center constructed in 1998 on 1 ac lot in growing Kalamazoo suburbs. Adjacent to The Crossroads Mall. 25-yrs NNN lease with 8-yrs left. NOI $183K/yr. $2.285M. 8.01% cap.

03-03: Firestone Auto Care; IHOP Restaurant; Regional Center; Mixed-Use; Office Building

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  1. Shopping Center in Indianapolis, IN: 59,782 SF consisting of four buildings completed in 2003 on over 8 ac lot in growing middle-class area. Adjacent to Walmart Supercenter. Major tenants include: Rally’s Hamburgers, Sally Beauty, Buffalo Wild Wings, Deals (owned by Dollar Tree), GameStop, Papa Murphy’s Pizza and FedEx Kinko’s. 100% leased. NOI $704K/yr. $9.25M. 7.62% cap.
  2. Retail Center in Cincinnati, OH: 30,511 SF attractive retail center built in 1994 on 6 ac outparcel to 915,956 SF Northgate Mall with Macy’s, DSW, Sears, Burlington Coat Factory, Marshalls, Michael’s, Ulta and HHGregg. With easy access to I-275. 100% NNN leased to Kabuto Japanese Restaurant, Sprint, Life Uniform and Tuesday Morning. NOI $235K/yr. $3.2M. 7.37% cap.
  3. Shopping Center in Las Vegas, NV: 39,600 SF well kept shopping center on 3.58 ac lot along main retail artery & in densely populated area. Close to I-515. 94% leased. NOI $487K/yr. $6.97M. 7% cap.
  4. Regional Center in Clovis, CA: 88,000 SF attractive shopping center on 7.59 ac lot at a signalized corner location. Across from Sunflower Marketplace with Walmart, Sally Beauty Supply, Goodwill, Walgreens and more. Between Sierra Vista Mall and Hwy-4. National tenant include: Big Lots, DD’s Discount, Hometown Buffet, Taco Bell, Long John Silver and A&W. 93% leased. NOI $847K/yr. $13M. 6.52% cap.
  5. Mixed-use in Fair Oaks, CA: 17,000 SF Class-B office/retail building at a corner lot in high income (AHI $104K/yr in 1 mile) Sacramento suburbs. 85% leased. NOI $154K/yr. $2.2M. 7% cap.
  6. Office Building in Murray, UT: 24,573 SF Class-B multitenant office building constructed in 1995 on 2.77 ac lot in growing Salt Lake City suburbs. Next to Murray Central Station and across from Intermountain Health Center. 100% NNN leased. Pro forma NOI $283K/yr. $4.056M. 7% cap.
  7. Firestone in Fort Wayne, IN: 7740 SF Firestone auto center built in 2005 on 1.39 ac outparcel to Menards along Hwy-27. Adjacent to Walmart Supercenter. 100% NNN lease with 6-yrs left. NOI $150K/yr. $2.151M. 7% cap.
  8. IHOP in Clearwater, FL: 4424 SF IHOP Restaurant on .52 ac lot on an off/on ramp of Hwy-19. Next to Super 8 Hotel and across from Walmart Supercenter. 100% NNN lease with 9-yrs left. NOI $82K/yr. $1.3M. 6.34% cap.

(c) Transmercial 2015

03-02: Fitness Evolution; Zaxby’s; AAA Auto; Wild Berries Restaurant

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  1. Shopping Center in Brownsville, TX: 56,204 SF shopping center built in 2002 on 5.85 ac lot in a fast growing area. Across from 75,000 SF H-E-B and adjacent to new 195,000 SF Walmart Supercenter. 100% NNN leased. NOI $749K/yr. $9.991M. 7.50% cap.
  2. Fitness Evolution in Modesto, CA: 43,347 SF fitness center on 2.62 ac lot along major artery. 20-yrs absolute NNN corp lease. NOI $396K/yr with 1.25% annual rent increases. $5.657M. 7% cap.
  3. MOB in Lancaster, CA: 10,646 SF Class-A single tenant medical office building completed in 2005 on over 1 ac lot in growing Los Angeles suburbs. Adjacent to 420-bed Antelope Valley Hospital and close to Hwy-14. New 10-yr NNN lease to High Desert Gastroenterology and Advanced Endoscopy and Pain Center. NOI $389K/yr with 3% annual rent bumps. $5.986M. 6.50% cap.
  4. Zaxby’s in Jonesboro, GA: 3195 SF attractive franchised Zaxby’s Restaurant built in 2006 on .75 ac lot at a signalized corner location in fast growing Atlanta suburbs. Close to Southlake Pavilion Power Center with Costco, AMC Theaters, Burlington Coat Factory, T.J. Maxx and Barnes & Noble. Near Southlake Mall and I-75. 11-yrs absolute NNN lease. NOI $167K/yr. $2.391M. 7% cap.
  5. Retail Center in Leigh, FL: 25,000 SF retail center built in 2006 on over 3 ac lot along major corridor in Cape Corral suburbs. 100% leased. NOI $467K/yr. $6.2M. 7.5% cap.
  6. Strip Center in Matthews, NC: 13,888 SF strip center built in 2008 on 1.61 ac lot in high income (AHI $94K/yr) Charlotte suburbs. Next to I-485. 100% NNN leased. Pro forma NOI $224K/yr. $2.64M. 8.50% cap.
  7. MOB in Mathews, NC: 11,413 SF Class-B multitenant medical office building in high income Charlotte suburbs. Adjacent to Novant Health Mathews Medical Center. 100% leased. NOI $131K/yr. $1.649M. 8% cap.
  8. AAA in Manteca, CA: 6492 SF Class-B single tenant office building constructed in 1990 in growing upper middle-class San Joaquin County. 100% NNN lease with 3-yrs left to AAA, a brand name tenant. Near Kaiser Permanente. NOI $102K/yr. $1.43M. 7.20% cap.
  9. Retail Center in Orlando, FL: 20,160 SF well maintained thirteen units retail center built in 2008 along busy corridor. 100% NNN leased. NOI $156K/yr. $1.95M. 8% cap.
  10. Wild Berries Restaurant in Normal, IL: 6230 SF Wild Berries Restaurant on over 1 ac outparcel to major Power Center in Bloomington suburbs. 100% NNN lease with 5-yrs left. NOI $148K/yr. $1.75M. 8.50% cap.

(c) Transmercial 2015

02-27: MOB; Taco Bell; Shopping Center; Office Buildings

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  1. Shopping Center in Rancho Cordova, CA: 36,595 SF well maintained consisting of three buildings including 1670 SF freestanding Wienerschnitzel on 3.52 ac lot in growing middle class Sacramento suburbs. 85% NNN leased. Actual NOI $271K/yr. $4.05M. 6.70% cap.
  2. Shopping Center in San Bernardino, CA: 12,700 SF retail building and 7500 SF single-tenant restaurant constructed in 2005 on over 3 ac lot. Next to Costco and across from 130,421 SF Sam’s Club. Close to I-10. Some tenants include: Jimmy John’ s Gourmet Sandwiches, Pick Up Stix, Shogun, OneMain Financial, Luau Maui Hawaiian BBQ, and others. 100% NNN leased. NOI $572K/yr. $9.45M. 6.06% cap.
  3. MOB in Sacramento, CA: 13,615 SF Class-B single-tenant medical office building completed in 2007. With easy access to I-80. 100% leased to Sutter Medical Group. NOI $386K/yr. $5.95M. 6.50% cap.
  4. Strip Center in Hurst, TX: 26,383 SF well maintained strip center on 3 ac lot in Fort Worth suburbs. Adjacent to Super Target. Close to Hwy-183/121. 86% leased. Actual NOI $99K/yr. $1.2M. 8.32% cap. Upside potential.
  5. MOB in Tinley Park, IL, 15,500 SF Class-B multitenant medical office building on over 2 ac lot in upper middle class (AHI $83K/yr in 3 miles) Chicago suburbs. 48% leased to four tenants. Actual NOI $142K/yr. $2.5M. 5.7% actual cap. Vacant spaces are all built out for medical use. Upside potential.
  6. Taco Bell in Glendale, AZ: 1536 SF drive-thru fast food restaurant on .64 ac lot along busy corridor in Phoenix suburbs. 100% NNN lease with 4-yrs left to a strong franchisee with over 140 units. NOI $69K/yr. $963K. 7.25% cap.
  7. Retail Center in Cottage Grove, MN: 15,607 SF attractive retail center on nearly 2 ac lot in upper middle class Minneapolis suburbs with an AHI of $86K/yr in a 5 mile ring. Across from Kohl’s and next to Hwy-10. 77% NNN leased. NOI $176K/yr. $2.2M. 8% cap.

(c) Transmercial 2015

02-26: Rite Aid Pharmacy, Hereford Steakhouse, MOB, Office Building, Retail Center

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  1. Retail Center in Palmetto, FL: 9690 SF retail center built in 2007 on 1 ac lot in Tampa         suburbs. Shadow anchored by 215,000 SF Walmart Supercenter. With easy access to Hwy-41. 93% NNN leased to 5 tenants.  Current NOI $85K/yr. $1.1M. 7.82% actual cap. Upside potential when fully leased.
  2. Strip Center in Mount Pleasant, MI: 16,000 SF strip center on over 1 ac corner lot. 1/2 block from Central Michigan University campus.  Close to McLaren-Central Michigan Hospital. 100% NNN leased to AutoZone, Book Shelf, Party Store and Sewing Store. NOI $133K/yr. $1.62M. 8.22% cap.
  3. Retail Center in North Charleston, SC: 17,160 SF well maintained retail center on 1.39 ac lot. All units face busy corridor. 100% leased with national, regional and local tenants. NOI $135K/yr. $1.45M. 9.34% cap.
  4. Rite Aid in Mechanicsville, VA: 11,288 SF well maintained Rite Aid Pharmacy built in 1998 on 1.49 ac lot along main artery in growing and high income Richmond suburbs with an AHI of $111K/yr. Tenant has been at this location since 1998. Outparcel to Food Lion shopping center. 20-yrs NNN lease with 8-yrs left. NOI $164K/yr. $2.273M. 7.25% cap.
  5. Hereford House in Leawood, KS: 11,055 SF Steakhouse Restaurant on 1 ac outparcel to Town Center Plaza in high income Kansa City suburbs. Close to Menorah Medical Center. New 15-yrs absolute NNN lease.  NOI $254K/yr with annual rent increases. $3.512M. 7.25% cap.
  6. Shopping Center in Lithonia, GA: 48,400 SF attractive retail center constructed in 2002/2003 on 4.34 ac lot anchored by HHGregg in fast growing Atlanta suburbs. Adjacent to The Mall at Stonecrest and close to I-20. 100% leased to 3 tenants: HHGregg Appliances, Direct Furniture, and Pro Fit Fitness & Rehab. NOI $368K/yr. $4.565M. 8.10% cap.
  7. MOB in Walnut Creek, CA: 6938 SF Class-B multitenant medical office building on .49 ac lot in affluent (AHI $109K/yr) San Francisco metro. Across from 572-bed John Muir Medical Center. 100% leased. NOI $142K/yr. $2.3M. 6.18% cap.
  8. Office Building in Smithtown, NY: 20,000 SF well maintained four-story office building in high income New York suburbs with an AHI of $120K/yr in 1 mile radius. 95% leased with good tenant mix. NOI $210K/yr. $3M. 7% cap.

(c) Transmercial 2015

02-25: Grocery Outlet, MOB, Kiddie Academy, Strip Centers

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  1. Strip Center in Plainfield, IL: 8101 SF attractive strip center built in 2006 in along major retail artery in growing (274% pop growth) and affluent Chicago suburbs with an AHI of $138K/yr in a 3-mile ring. Shadow anchored by Kohl’s and Party City. 100% NNN leased to Sherwin Williams, Edward Jones, Kumon and Cleaners. NOI $140K/yr. $1.915M. 7.35% cap.
  2. Grocery Outlet in Escondido, CA: 19,033 SF well maintained Grocery Outlet on 1.49 ac lot on a commercial corridor in San Diego metro. Across from Walmart, Home Depot and Albertsons. Near Palomar Medical Center.  10-yrs NNN- corp lease with 9-yrs left to a regional tenant with 200+ locations and $1B in revenue.  NOI $267K/yr with a rent bump in 2018.  $4.452M. 6% cap.
  3. Retail Center in Lexington, SC: 11,273 SF retail center constructed in 2008 on 1.22 ac lot in growing and high income (AHI $85K/yr) Columbia suburbs. 100% NNN leased. NOI $212K/yr. $2.6M. 8.16% cap.
  4. MOB in Los Angeles, CA: 9440 SF Class-B multi tenant medical office building on .48 ac lot in a densely populated area. Across from Maravilla Light Rail Station. With easy access to I-710 and Hwy-60. 100% leased to nine long-term tenants. NOI $112K/yr. $1.88M. 6% cap.
  5. Shopping Center in Fort Myers, FL: 65,688 SF shopping center built in 2004 on over 14 ac outparcel to high volume Super Target along Hwy-41. 100% leased to Petco, Cost Plus World Market, Dollar Tree and TigerDirect.com. 6.75% cap. NOI/Price N/A.
  6. Office Building in Phoenix, AZ: 46,523 SF Class-B four-story office building on 1.61 ac lot at a signalized corner location. Adjacent to Los Ninos Hospital.  Close to Phoenix Childrens Hospital, Arizona Heart Hospital and Hwy-51. 86% leased to multiple tenants. $4.2M. NOI N/A.
  7. Kiddie Academy in Carpentersville, IL: 9000 SF child care learning facility built in 2009 on over 1 ac lot in high income Chicago metro with an AHI of $100K/yr. Close to Spring Hill Mall. 100% NNN lease with 12-yrs left to a strong franchisee with over 130 units. NOI $184K/yr. $2.46M. 7.50% cap.

(c) Transmercial 2015