09-15" Jiffy Lube, Retail center, Just Breaks, Davita

• AHI: Avg. Household Income.  National average is about $50+K/yr.
• NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.
• NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.
• NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1. Jiffy Lube in Worth, IL: 2800 SF newly remodeled retail building at corner lot location and along busy corridor in Chicago metro. 100% NNN leased with 7 yrs left. NOI $74K/yr. $880K. 8.5% Cap.  
2. Retail Center in Costa Mesa, CA: 6988 SF well-maintained retail center in densely populated & affluent (AHI $129K/yr in 3 mile) coastal city . 100% leased. NOI $91K/yr.  $1.467M. 6.25% Cap.  
3. Just Brakes in Arlington, TX: 5382 SF single-tenant retail building on .94 ac lot in Dallas metro  . Absolute NNN lease with 12 yrs remaining. NOI $120K/yr with rent bumps in year 5 and 10. $1.45M. 8.28% Cap.  
4. DaVita Dialysis Center in Saint Louis, MO: 7312 SF medical building built in 1996 near Christian Hospital and I-270. 100% NNN lease with 12 yrs left and corp. guaranty. NOI $131K/yr with 2% annual rent increases. $1.732M. 7.6% Cap.  
5. Shopping Center in Colton, CA: 108,393 SF shopping center built in 1992 on 8.47 ac lot near I-215. Anchored by Ross Dress for Less, 99 Cents Only Stores and shadow-anchored by Wal-Mart Supercenter.  85% NNN leased. NOI $1.337M. $18.1M. 7.39% Cap. Buyer to assume $16.2MM loan at 6.18% interest. 
6. Shopping Center in Lakewood, CO: 53,262 SF well-kept shopping center on 4.31 ac lot anchored by Red Robin. 87% leased to many long term/stable tenants. NOI $675K/yr. $7.5M. 9% Cap.

© Transmercial 2011