03-16: Valvoline, Dunkin Donuts, Sammy's Pizza, Automotive center, Retail centers

1. Valvoline in Bakersfield, CA: 2936 SF Valvoline Oil Changes, auto services center built in 2009 on .75 ac out parcel to a shopping center anchored by Lowe’s, Foods Co grocery and O’Reilly Auto parts.  15 yrs absolute NNN lease with 12 yrs left with a personal guaranty from a franchisee with 40 locations.  NOI $96K/yr with 12.5% rent bumps every 5 yrs (next increase in 2014). $1.297M. 7.4% cap (8.39% in 2014). 
2. Dunkin Donuts & Baskin Robbins in Atlantic Beach, FL: 2200 SF retail building constructed in 2006 on .51 ac lot shadow-anchored by Publix shopping center. At main artery and 7 blocks from the beach in affluent Jacksonville metro (AHI $91K/yr). 100% NNN ground lease. NOI $56K/yr with 12.5% rent increases every 5 yrs. $800K. 7% cap.  
3. Strip Center in Crete, IL: 10,200 SF well-maintained strip center on 1.25 ac lot in affluent (AHI $116K/yr) Chicago metro. 100% NNN leased to established tenants. NOI $130K/yr. $1.37M. 9.52% cap.  
4. Office Building in Downey, CA: 31,824 SF Class-A newly-constructed multi-tenant office building at a corner location. In upper middle-class area in Los Angeles & with easy access to I-5. NOI $442K/yr. $5.9M. 7.5% Proforma cap.  
5. Sammy’s Woodfired Pizza in Las Vegas, NV: 5000 SF restaurant built in 1997 on 1.11 ac lot along main retail corridor and close to multiple automobile dealership locations. 100% NNN lease. This is a leaseback investment. NOI $222K/yr. $2.725M. 8.15% cap.
6. REO Office Building in Southlake, TX: 25,828 SF Class-A upscale office building constructed in 1998 on 3.15 acres lot in affluent (AHI $248K/yr in 1 mile) Dallas metro. NOI $287K/yr. $2.325M. 12.37% Proforma cap.  
7. REO Office Building in Grapevine, TX: 16,957 SF 2-story office building constructed in 2000 on 1+ ac lot near Baylor Regional Medical Center Grapevine and with excellent access to Hwy-121/114. 91% occupied with 1 vacant unit.  NOI $283K/yr. $2.3M. 10.36% Proforma cap.  
8. Retail/Office Center in Lincoln Park, NJ: 11,640 SF mix-used center on .52 ac lot in wealthy (AHI $126K/yr in 3 miles radius) New York metro. 100% leased to four retail tenant and six offices. NOI $90K/yr. $1.125M. 8% cap.  
9. Automotive Center in Antioch, CA: 19,380 SF automotive center built in 2004 on 1.5 ac lot in Northern CA.  100% leased to 6 tenants.  NOI $225K/yr. Price reduced from $2.8M to $2.45M. 9.2% cap. 
10. Retail Center in Lewisville, TX: 29,079 SF retail center built in 2005 on a corner lot in upper middle class Dallas suburbs.  Shadow anchored by Wal-mart Neighborhood Market.  92% leased.  NOI $370K/yr. $4.1M. 9.04% cap.

© Transmercial 2012

03-15: Four Oaks Bank, Medical Building, Valley Medical Center, William Sonoma, KinderCare, Childtime

1.  Four Oaks Bank in Garner, NC: 6400 SF bank on .84 ac corner lot with Hwy 401 frontage in Raleigh metro.  Surrounded by Lowe’s, Wal-mart, K-mart and Big Lots.  Being used as a branch and regional corp office for Four Oaks Bank with 18 branches in NC and $769M in deposits.  15 yrs NNN- lease with 11 yrs left. NOI $148K/yr. with 2.5% annual rent bumps. $1.875M. 7.89% cap. 
2. Shopping Center in Folsom, CA: 25,396 SF beautiful shopping center built in 2005 on 1.98 ac lot. Adjacent tenants include: Wal-Mart, Target, OSH, Lowes, Save Mart, CVS, Office Max, 24 Hour Fitness and more. In growing and affluent Sacramento suburbs. 94% NNN leased. NOI $621K/yr. $8.275M. 6.11% cap. Buyer to assume $6.399M loan at 6.11% interest. Brochure upon request.  
3. Retail Center in Los Angeles, CA: 11,346 SF well-maintained retail center built in 2009 anchored by Valero Gas Station at a signalized intersection and near I-110/105. 100% NNN leased. NOI $361K/yr. $4.34M. 8.33% cap.  
4. Shopping Center in San Diego, CA: 24,370 SF shopping center on 1.74 ac lot near Alvarado Hospital and next to I-8. 50% leased. NOI $286K/yr. $4.15M. 7% cap. Upside potential.  
5. Retail Center in Portland, OR: 11,389 SF retail center renovated in 2008 in high-income (AHI $86K/yr) urban area. Tenants include: KeyBank, H&R Block, Pita Pit, Cricket and Papa Murphy’s. 100% NNN leased. NOI $324K/yr. $4.49M. 7.25% cap.  
6. Medical Building in Coral Springs, FL: 10,065 SF Class-B medical building on .65 ac lot across from Coral Springs Medical Center. 100% leased to NW Heart & Health Specialists (HCA Subsidiary). NOI $123K/yr with 3% annual rent increases. $1.45M. 8.55% cap.  
7. Valley Medical Center in San Jacinto, CA: 20,000 SF two-story newly constructed medical building anchored by Urgent Care/Family Practice and full service imaging center. In growing Riverside and near Hwy-74. NOI $578K/yr. $7.9M. 7.32% cap.  
8. William Sonoma in Oklahoma City, OK: 35,862 SF single-tenant retail building constructed in 1998 on 4.23 acres lotin high-income area Surrounded by Sam’s Club, Wal-mart, Kohls. New 6 yr NNN corp lease renewal. NOI $457K/yr. $4.875M. 9.32% cap.  
9. KinderCare in Indianapolis, IN: 9397 SF day care facility on 1.20 ac lot within 663,000 SF office park and near Fashion Mall at Keystone. In affluent (AHI $94K/yr in 3 miles) neighborhood. 100% NNN leased to Kindercare, a national childcare provider with a recent 5 yrs renewal. NOI $117K/yr. $1.172M. 10% cap. 
10. Childtime in Laguna Niguel, CA: 5439 SF day care center on 1+ ac lot in an affluent city (AHI $116K/yr in 1 mile) in Orange County with high barrier to entry. 100% absolute NNN corp lease with 9 yrs left to Childtime, a national childcare provider. NOI $100K/yr with a rent bump in 2014. $1.595M. 6.29% cap.

© Transmercial 2012

03-14: Hardee's, Childtime Learning Center, Goodwill, Walgreens, shopping centers

1.     Shopping Center in Oak Park, IL: 36,170 SF shopping center built in 1992 on 1.89 ac lot just minutes from Shriners Hospital for Children and Brickyard Mall in affluent (AHI $102K/yr in 1 mile) Chicago suburbs. 100% NNN leased with low avg base rent (upside potential). NOI $555K/yr. $6.167M. 9% cap.

2.     Shopping Center in Round Lake Beach, IL: 28,721 SF shopping center built in 2000 on 3+ acres lot at a signalized intersection along Route-83 in middle-class Chicago metro. 95% NNN leased to 11 stable tenants. NOI $404K/yr. $4.49M. 9.01% cap.

3.     Hardee’s in Rock Hill, SC: 2845 SF newly constructed restaurant on .98 ac lot across from Piedmont Medical Center in fast growing & high income Charlotte suburbs. 20-yrs absolute NNN corp lease. NOI $99K/yr with 10% rent increases every 5-yrs. $1.33M. 7.49% cap.

4.     Shopping Center in Matteson, IL: 61,437 SF shopping center on 6.27 acres lot in growing middle-class Chicago metro.  Across from Lincoln Mall and close to I-57. Tenants include: FedEx, US Cellular, Family Christian Bookstore, DaVita Dialysis, ATI Physical Therapy, Best Contacts and eyeglasses, Jimmy John’s and Back to Bed. 96% NNN leased. NOI $925K/yr. $8.95M. 10.34% cap.

5.     Childtime Learning Center in Huntington Beach, CA: 5114 SF day care center on .79 ac lot across from Public Elementary School in affluent coastal town (AHI $114K/yr). 100% absolute NNN corp lease with 9 yrs left. NOI $112K/yr with a 10% rent increase in 2014. $1.66M. 7% cap.

6.     Goodwill in Mesa, AZ: 30,000 SF well-maintained single-tenant retail building on 1.36 ac lot on a major retail corridor and near Fwy-60 in Phoenix suburbs. 100% NNN corp lease to Goodwill Industries till 2021. NOI $360K/yr with a rent increase in 2016. $4.8M. 7.5% cap.

7.     Shopping Center in Elk Grove, CA: 30,130 SF shopping center shadow-anchored by 39,763 SF Big Lots and 29,800 SF CVS Pharmacy. Next to Hwy-99 on ramp and in middle-class (AHI $88K/yr in 3 miles) Sacramento metro. 96% leased to 15 tenants with 1 vacant unit. NOI $635K/yr.  Price reduced $1M to $6.5M. 9.78% cap.

8.     Shopping Center in Wylie, TX: 20,250 SF attractive shopping center on 2.90 acres lot shadow-anchored by Wal-Mart Supermarket. Next to Hwy-78 in fast growing & well-off Dallas suburbs.  72% NNN leased. NOI $215K/yr. $2.6M. 8.30% cap.

9.     Walgreen’s in Las Vegas, NV: 15,120 SF Walgreens built in 2001 on 1.99 ac lot at a signalized intersection and near I-515. Strong demographics: AHI $75K/yr in 1 mile. 100% NNN- corp lease with 9 yrs left. NOI $529K/yr. $7.162M. 7.40% cap.

10.  Retail Center in Redondo Beach, CA: 13,097 SF recently renovate retail center on .21 ac corner lot with pacific Hwy frontage. Shadow-anchored by Albertsons Supermarket. In affluent (AHI $130K/yr in 1 mile) coastal city in Southern CA. 100% NNN leased to 6 tenants. NOI $266K/yr. $4.1M. 6.5% cap.

© Transmercial 2012