10-14: EZ Lube, Ryan's Steakhouse, Blue Cross, NTB Tire, Storage Facility

1. Neighborhood Center in Gilbert, AZ: 54,136 SF center near Banner-Gateway Medical Center and Fwy-60 in well-off (AHI $84K/yr) Phoenix suburbs. 96% NNN leased. NOI $487K/yr. $5.73M. 8.5% cap. 
2. EZ Lube in San Clemente, CA: 2322 SF auto repair center in densely populated coastal resort and next to I-5. 100% NNN corp lease till 2018. NOI $142K/yr with a 15% rent increase in 2013. $1.943M. 7.35% cap. 
3. Ryan’s Steakhouse in Marrero, LA: 9921 SF restaurant built in 1997 on 1.42 ac lot at main retail blvd in New Orleans suburbs. Corp guaranteed by the nation’s largest buffet operator in the US currently operating 672 locations. Long NNN lease. NOI $165K/yr with annual rent increases. $2M. 8.25% cap.  
4. Shopping Center in Columbus, OH: 19,546 SF shopping center built in 2003 near the Home Depot and across from Aldi Store. 81% NNN leased. NOI $343K/yr. $3.3M. 10.42% cap. 
5. Blue Cross in Springfield, IL: 75,960 SF Class-A single-tenant office building on 6 ac lot close to Whit Oak Mall and I-72. Absolute NNN corp lease till 2016. NOI $804K/yr with annual rent bumps. $10.55M. 8% cap.  
6. Office Building in San Jose, CA: 5475 SF well-maintained office building on .32 ac lot with monument signage located at Willow Glen area (AHI $115K/yr within 1-mile). $1.45M. Excellent for owner user!
7. NTB Tire in Dayton, OH: 5284 SF single-tenant auto repair center built in 2001 on .75 ac lot at major thoroughfare. 100% NNN corp lease. NOI $109K/yr. $1.373M. 8% cap.  
8. Storage Facility in Alpharetta, GA: 43,952 SF 4-level climate controlled storage facility built in 2001 on 1.22 ac lot at intersection of Hwy-120 and cross from Publix shopping center. Affluent Atlanta suburbs.  70% leased. NOI $178K/yr. $2.4M. 7.4% cap.  
9. Neighborhood Center in Fall River, MA: 106,000 SF center on 7.55 ac lot near New Harbour Mall at heavy commercial corridor. Property has new roof. 96% leased. NOI $824K/yr. $10.999M. 7.5% cap.

© Transmercial 2011