01-20: Burger King, Jiffy Lube, Tire Kingdom & Hardees, Wendys, Office Building, Retail Centers

1. Retail Center in Blaine, MN: 10,034 SF retail center built in 2005 next to Northtown Mall and near I-47 in growing Minneapolis suburbs. 100% leased to national tenants: Verizon, FedEx-Kinko’s, GameStop, Chipotle and Potbelly’s. NOI $323K/yr. $3.838M. 8.44% cap. 
2. Shopping Center in Roswell, GA: 67,318 SF shopping center renovated in 2004. Across from Hobby Lobby anchored center in growing and well-off Atlanta metro. 100% leased to 13-tenants. NOI $783K/yr. $9.52M. 7.76% cap. 
3. Burger King in Los Angeles, CA: 3702 drive-thru fast food restaurant at a hard signalized corner location close to I-5/10 and Hwy-60/101. In densely populated area with over 1M residents in 5-mil. 100% NNN lease. Lease guaranteed by one of the top 100 franchisee’s in the nation. NOI $120K/yr. $2M. 6% cap.  
4. Jiffy Lube in Tempe, AZ: 2426 SF Jiffy Lube at major retail corridor in high income (AHI $89K/yr within 3-miles) Phoenix metro and near I-10. 100% NNN leased to a strong operator with 60 units. NOI $81K/yr. $790K. 10.34% cap.  
5. Retail Center in San Jose, CA: 16,300 SF retail center on 1.50 ac lot close to Hwy-101. 100% leased to long-term tenants. NOI $520K/yr. $6.35M. 8.20% cap.  
6. Tire Kingdom & Hardee’s in Kissimmee, FL: 10,668 SF consisting of two freestanding retail buildings along main blvd & in middle-class Orlando suburbs. 100% NNN corp leased. NOI $186K/yr. $2.481M. 7.50% cap.  
7. CARQUEST Auto Parts in Corpus Christi, TX: brand-new 6375 SF retail building on .69 ac lot across from La Palmera Mall. 15-years absolute NNN corp lease to General Parts, Inc. which owns 1400 of Carquest 3400 Auto part stores in the US, Canada and Mexico. NOI $91K/yr. $1.185M. 7.75% cap.  
8. Office Park in Gold River, CA: 56,046 SF well-maintained office park on 6.90 acres at main thoroughfare and near Hwy-50. in prosperous (AHI S122K/yr) Northeast Sacramento suburbs. Anchored AT&T Directory with 22,494 SF. 93% leased to 9 tenants, 7 of them have been leasing for over 10 yrs. NOI $909K/yr. $9M. 10.10% cap.  
9. Wendy’s in Kennewick, WA: 2419 SF recently remodeled drive-thru restaurant on .66 ac lot in growing middle-class (AHI $59K/yr within 3-miles) neighborhood. New 15-yr absolute NNN lease. NOI $63K/yr with rent increases every 5-yrs. $905K.  7% cap.  
10. Strip Center in Camarillo, CA: 8797 SF attractive strip center on 1.90 ac lot next to Camarillo Springs Golf Course and close to Fwy-101. In growing and affluent (AHI $111K/yr) Southern CA City. 100% NNN leased. NOI $266K/yr. $3.5M. 7.60% cap.

© Transmercial 2012