01-17: Wienerschnitzel, Medical Office Buildings, Shopping Centers

1. Wienerschnitzel in Fontana, CA: 1770 SF drive-thru restaurant built in 2002 on .69 ac outparcel to a grocery-anchored shopping center in a growing city in Southern CA. Long absolute NNN ground lease occupied by national tenant. NOI $ 67K/yr. with 12% rent increases every 5-yrs. Next increase in 4/2012. $1.33M. 6.5% cap.  
2. Shopping Center in Jacksonville, FL: 18,767 SF well-maintained shopping center built in 2006 & anchored by Dollar General & Sherwin Williams. 100% NNN leased. NOI $230K/yr. $2.68M. 8.60% cap. Buyer to assume $1.8M loan at 6.125% rate. 
3. Retail Center in Glendale, AZ: 7281 SF recently remodeled retail center on .53 ac outparcel to Target in Phoenix metro. 100% NNN lease to 3 national/regional tenants: GameStop, Little Caesar Pizza, and NextCare Urgent Care. NOI $182K/yr. $2.225M. 8.20% cap.  
4. Medical Office Building in Norfolk, VA: 36,531 SF 3-sory multi-tenant medical office building on river bank near Sentara Norfolk General Hospital on a busy thoroughfare. Excellent demographics: AHI $100K/yr in 1 mile. 95% leased to long-term tenants. NOI $526K/yr. $6.8M. 7.74% cap.  
5. Office Building in Palatine, IL: 40,000 SF 4-story brick office/retail building next to Metra Station and in close proximity to Hwy-14 in high income Chicago metro. 88% leased. NOI $355K/yr. $3.999M. 8.90% cap.  Just $100/SF. 
6. Retail Center in Tracy, CA: 15,412 SF recently constructed retail center close to West Valley Mall and next to I-205.  In fast growing community 30 miles East of Silicon Valley.  89% NNN leased. NOI $375K/yr. $6.2M. 6.06% cap.  
7. Retail Center in Fremont, CA: 14,818 SF retail center built in 2001 shadow-anchored by The Home Depot and REI.  Between I-680 and I-880. In affluent (AHI $110K/yr in 1 mile) Silicon Valley suburbs. 100% NNN leased. NOI $451K/yr. $7.5M. 6.02% cap. 
8. REO Office Building in Folsom, CA: 22,108 SF well-kept office building on 2.63 acres parcel in growing upper middle class Sacramento suburbs (AHI $131K/yr within 1 mile). 83% leased. NOI $363K/yr. $3.95M. 9.20% cap.  Upside potential with NOI of $404K/yr.  when fully leased. 
9. Strip Center in Artesia, CA: 15,378 SF10-units strip center on 1.02 ac lot. Anchored by Lily Health Care & near Fwy-91 in densely populated Los Angeles area. 85% NNN leased. $4.6M. NOI/cap not avail.

 © 2012 Transmercial.