03-20: Cost Plus World Market, Childcare center, Pep Boys, Perkin's, 7-Eleven, MOB, Sun National Bank

1. Shopping Center in Orlando, FL: 68,631 SF well-maintained shopping center on 8+ acres lot anchored by Big Lots, AutoZone, Rent-A-Center, Jackson Hewitt and Pinch-A-Penny. 78% leased to 11 tenants. NOI $346K/yr. $4.1M. 8.45% cap.   
2. Cost Plus World Market in La Quinta, CA: 18,280 SF retail building constructed in 2007 on 1.87 ac lot part of a 600,000 SF Power Center anchored by Trader Joe’s, Lowe’s & Target, and across from 180,000 SF center anchored by Kohl’s, Petco, Ross and Stater Bros. In affluent (AHI 100K/yr in 3 mile) Los Angeles suburbs. 100% NNN- corp lease with 11 yrs left. NOI $421K/yr with a 10% rent increase in 2017. $6.48M. 6.5% cap.  
3. The Learning Experience in Warminster, PA: 10,000 SF day care center built in 2007 on 1.82 ac lot in wealthy (AHI $85K/yr) Philadelphia metro. 100% NNN- corp lease with 14 yrs left. NOI $240K/yr with 10% rent bumps every 5 yrs. $2.99M. 8.25% cap.  
4. Pep Boys Auto in Tuscaloosa, AL: 5271 SF auto center near McFarland Mall and I-59/20 exit. In growing (17.12%) city. 100% NNN- lease till 2028. NOI $114K/yr with 10% rent increases every 5 yrs. $1.472M. 7.75% cap.  
5. Perkin’s Restaurant & Bakery in South Bend, IN: 4800 SF sit-down family restaurant built in 1994 on 1.31 ac lot close to  St. Mary’s College, Holy Cross College and University of Notre Dame. Along busy thoroughfare and close to I-90/80. 100% absolute NNN lease with 9 yrs left. NOI $79K/yr. $1.055M. 7.50% cap.  
6. REO 105-houses compound in Houston, TX: 105-units individually titled four bedroom houses on 13.40 acres lot next to Belway-8 in fast growing area. 85% occupied. NOI $475K/yr. $3.99M. 11.92% proforma cap.  
7. 7-Eleven in Portland, OR: 2616 SF under construction single-tenant retail building on .23 ac lot at a signalized corner lot in well-off (AHI $90K/yr) neighborhood. 10 yr NNN corp lease. NOI $85K/yr with 10% rent increases every 5 yrs. $1.479M. 5.75% cap.  
8. Sun National Bank in Lawrenceville, NJ: 4790 SF bank building on .23 ac lot across from Lawrenceville School Golf Club in prosperous (AHI $141K/yr) Philadelphia suburbs. NOI $160K/yr with 3% annual rent increases. $2M. 8% cap.  
9. Loyola University Health System in Elmhurst, IL: 8970 SF Class-B built-to-suit medical building constructed in 1996 on 1.20 ac lot near I-290 in Chicago suburbs. Services provided: Cardiology, Gastroenterology, Pediatrics, Urology, Internal Medicine, Hepatology, & nutrition. 100% NNN lease with 6 yrs left. NOI $209K/yr with 2.75% annual rent increases. $2.55M. 8.20% cap. 
10. Strip Center in Chicago, IL: 13,600 SF recently renovated strip center anchored by Family Dollar at high traffic location and densely populated area. 100% NNN leased to Family Dollar, Wingstop & Holsum Bakery. NOI $183K/yr. $2.15M. 8.70% cap.      

© Transmercial 2012.