04-16: Walgreen's, Family Dollar, Fallas Discount Store, Fox and Hound

1. Walgreen’s in Villa Park, IL: 12,154  SF Walgreens built in 1997 on 1.19 ac lot across from Jewel-Osco grocery in high income Chicago metro. 100% NNN- corp lease with 5+ yrs left.  Store with strong sales revenue of $7.5M (est.) NOI $419K/yr. $4.9M. 8.55% cap.  
2. Shopping Center in Orlando, FL: 25,116 SF shopping center renovated in 2005 on 2.64 acres lot across from The Florida Mall. Tenant include: Dollar Tree, Computer Renaissance, Metro PCS, Amscot and International Diamond Center. 100% NNN leased. NOI $493K/yr. $5.775M. 8.54% cap.
3. Shopping Center in Antioch, CA: 74,616 SF shopping center on 7.54 acres anchored by 49,993 SF Save Mart supermarket and close to Hwy-4 in San Francisco metro. 85% leased. NOI $572K/yr. $8.5M. 6.74% cap. Upside potential.  
4. Family Dollar in Memphis, TN: brand-new 8000 SF single-tenant retail building on .99 ac lot next to Wal-Mart and Kroger anchored center. 10 yr NNN- corp lease. NOI $100K/yr. $1.219M. 8.25% cap.
5. Fallas Discount Store in Hanford, CA: 19,300 SF single-tenant retail center built in 1994 on 2+ ac lot in a growing town in San Joaquin Valley.  Adjacent to 99 Only Store, Staples and OSH. 100% NNN corp lease with 9+ yrs left (same owner as Factory 2 U, NASDAG: FTUS). Store with 5yrs history of increasing sales. NOI $135K/yr. $1.93M. 7% cap.  
6. Retail Center in Hillsboro, OR: 12,720 SF retail center built in 2001 in affluent (AHI $115K/yr) Portland metro. Along main thoroughfare with big pylon sign. 100% NNN leased to 6 tenants with low rents. NOI $185K/yr. $2.2M.8.43% cap.  
7. Fox and Hound in Tucson, AZ: 11,638 SF Fox and Hound Sports Grille restaurant built in 2002 on .86 ac outparcel to Wal-Mart and next to Foothills Mall. 20 yrs absolute NNN corp lease with 10 yrs left to regional chain. NOI $199K/yr with CPI rent increases. $2.75M. 7.26% cap. 
8. Retail Center in Fort Mill, SC: 18,000 SF beautiful in-line retail center built in 2006 next to Hwy-160 and near I-77. In growing & middle-class Charlotte suburbs. 100% leased to 12 tenants. NOI $321K/yr. $3.65M. 8.80% cap.  
9. Retail Center in Crystal Lake, IL: 7738 SF newly constructed retail center across from Crystal Point: a 325,000 SF center anchored by Best Buy, Office Depot, K-Mart, Bed Bath & Beyond and World Market. 100% NNN leased to Visionworks, Verizon and CD One Price Cleaners. NOI $226K/yr. $2.833M. 8% cap.  
10. Office Building in El Cajon, CA: 12,354 SF well-maintained 3-story office building on .61 ac lot in upper middle-class San Diego metro. Close to I-8. 100% leased to national tenants. NOI $167K/yr. $2.55M. 8.25% cap.

© Transmercial 2012