05-17: KFC, Golden Corral, 24 Hour Fitness, CVS Pharmacy, Jiffy Lube

1. KFC in Roswell, GA: 3972 SF free-standing restaurant on .96 ac lot across from Roswell Town Center in high income Atlanta suburbs. New 20 yrs absolute NNN lease to strong franchisee with 118 units. NOI $58K/yr with 10% rent increases every 5 yrs. $860K. 6.75% cap.  
2. Office Building in Naples, FL: 14,454 SF two-story Class-B office building built in 1991 on .46 ac lot in affluent  (AHI $120K/yr in 1 mile) area just 1 short block from Naples Bay. NOI $152K/yr. $1.906M. 8% cap. 
3. Golden Corral in Sumter, SC: 10,539 SF buffet restaurant on 2+ ac outparcel to Wal-Mart and next to Hwy 378/76. 100% NNN leased with 9 yrs left. NOI $232K/yr with 1% annual rent increases. $3.002M. 7.75% cap.  
4. TGI Friday’s in Brooklyn, OH: 7747 SF family sit-down restaurant built in 1997 on 2+ ac lot at densely retail location and next to I-480 in Cleveland suburbs. 100% absolute NNN lease with 11 yrs left. NOI $210K/yr with 5% rent increase every 5 yrs. $2.625M. 8% cap. 
5. 24 Hour Fitness in La Mirada, CA: 40,738 SF fitness center built in 2002 on 4.26 ac lot at main retail corridor in Los Angeles suburbs. Excellent demographics: high income (AHI $105K/yr) area with nearly 500K residents within 5 miles. 100% NNN- lease. NOI $907K/yr. $11.7M. 7.76% cap. Additional income from T Mobile cell tower.  
6. CVS Pharmacy in Indianapolis, IN: 12,827 SF drive-thru CVS Pharmacy remodeled in 2004 on 1.58 ac lot at a hard corner and cross from Kroger anchored center. Demographics: growing and prosperous (AHI $151K/yr in 1 mile) neighborhood. Tenant has been at this location since 2004. 100% NNN- lease with 9+ yrs left in their 1^st lease extension. NOI $189K/yr.  with 5% rent bumps in each 5-yr option. $2.525M. 7.5% cap.  
7. Medical & Office Building in Garden Grove, CA: 16,000 SF two-story well-maintained medical & office building on .91 ac lot in densely populated middle-class Southern CA area with 750K residents in 5 miles. NOI $73K/yr. $1.395M. 5.27% cap. Only $87/SF! Upside potential. 
8. Inline Center in Maynard, MA: 29,609 SF well-maintained retail center in affluent (AHI $128K/yr in 3 miles) Boston metro. 93% leased with excellent tenant mix. NOI $212K/yr. $2.59M.  8.2% cap.  
9. Jiffy Lube in Colorado Springs, CO: 3020 SF recently renovated auto care center on .41 ac hard corner location in upper middle-class neighborhood. 15 yr absolute NNN lease. NOI $99K/yr. $1.35M. 7.35% cap.  
10. Shopping Center in Troy, MI: 22,074 SF upscale shopping center built in 2005 at a signalized corner location in affluent Detroit suburbs (AHI $94K/yr). 100% leased. $3.95M. Cap/NOI not provided.

© Transmercial 2012

05-16: Shoney's, Jack in the Box, Family Dollar, MOB, Jiffy Lube, Office Complex

·         AHI: Avg. Household Income.  National average is about $50+K/yr.

·         NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.

·         NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.

·         NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1.  Shoney’s in Franklin, TN: 5830 SF Shoney’s restaurant built in 1992 on 1.15 ac lot at main retail corridor in fast growing and well-off (AHI $88K/yr) Nashville suburbs. Near Williamson Medical Center and I-65. 20 yrs absolute NNN lease with 14 yrs left. NOI $148K/yr with 6% rent increases every 4 yrs. $1.85M. 8% cap.  
2. Jack in the Box in Albuquerque, NM: 2435 SF newly constructed fast food restaurant on .63 ac outparcel to Wal-Mart at a hard corner location. 100% absolute NNN lease with 17½ yrs left to a franchisee with 50+ units. NOI $135K/yr with 12% rent increases every 5 yrs. $1.97M. 6.85% cap. 
3. Retail Center in Puyallup, WA: 12,500 SF retail center on 1.26 ac lot shadow anchored by Fred Meyer anchored center in fast growing & affluent (AHI $105K/yr) Seattle suburbs. NNN leased. NOI $365K/yr. $4.3M. 8.50% cap. Buyer to assume $3.3M loan at low 5.53% interest rate.  
4. Family Dollar in Hudson, FL: 8000 SF single-tenant retail building constructed in 2011 on 1.28 ac lot on Hwy-52 in Tampa suburbs. 100% NNN lease to credit tenant. NOI $126K/yr. $1.535M. 8.25% cap.  
5. MOB in Charlotte, NC: 5546 SF well maintained medical office building close to Carolinas Medical Ctr Pineville, Carolina Place Mall and I-485. 100% leased to Enhanced Images Medical. NOI $82K/yr. $1.027M. 8% cap.  
6. Shopping Center in Aurora, CO: 53,400 SF recently improved 24-unit shopping center on nearly 4 acres corner lot in Denver metro. Shadow-anchored by Walgreens. 74% leased to national, regional and strong local tenants with low avg rent of $12.33/SF. Current NOI $379K/yr. $5.23M. 7.25% cap. Upside potential! 
7. Jiffy Lube in Northglenn, CO: 4073 SF Jiffy Lube auto center built in 2004 on .48 ac lot close to Super Target anchored center and near I-25 exit. In fast growing and middle-class Denver metro. 100% NNN lease with 12½ yrs left. NOI $92K/yr with a 10% rent increase in 2015. $1.232M. 7.5% cap.     
8. Office Complex in Riverside, CA: 30,197 SF office complex consisting of three buildings on 1.58 ac lot close to Kaiser Permanente and Galleria at Tyler in densely populated area. 100% leased. NOI $394K/yr. $4.75M. 8.30% cap.  
9. Retail Building in Columbia, SC: 3822 SF well-maintained retail building on .76 ac outparcel to Regional Mall. Tenant has been at this location since 1986. 100% NN lease to Bank of America with 4 yrs left in the 1^st lease extension. NOI $112K/yr. $1.4M. 8.01% cap.

© Transmercial 2012

05-15: Rite Aid, Walgreens, Burger King, MOB, Retail centers

1. Rite Aid in Lawrenceville, GA: 10,594 SF drive-thru Rite Aid built in 1996 on 1+ ac lot at signalized corner location in fast growing Atlanta suburbs. 100% absolute NNN corp lease with 4½ yrs left. NOI $201K/yr. $2.016M. 10% cap. 
2. Walgreens in Flower Mound, TX: 13,905 SF Walgreens pharmacy build in 1998 on 1.90 ac corner lot on a major artery in affluent Dallas metro. 100% NNN lease with 5 yrs left. 7.5% cap. NOI/Price not disclosed.  
3. Burger King in Houston, TX: 2943 SF single-tenant fast food restaurant on .68 ac lot next to I-45 egress/ingress. 100% absolute NNN ground lease (land is for sale and tenant owns the building) to a  strong franchisee with 7 yrs left. NOI $75K/yr. $970K. 7.75% cap.  
4. Shopping Center in Lauderhill, FL: 46,058 SF well maintained shopping center on 3.60 acres lot across from Target in Coral Springs suburbs. All tenants face main thoroughfare. 62% NNN leased. Actual NOI $342K/yr. $4.7M. 7.29% cap. Upside potential.  
5. Retail Center in Katy, TX: 19,650 SF attractive retail center on 1.62 ac lot anchored by Goodwill and next to Walgreen’s. In fast growing upper middle-class Houston suburbs.  
6. Shopping Center in Tallahassee, FL: 86,052 SF shopping center with excellent visibly close to Wal-Mart Supercenter and next to Fwy-319/61.  Affluent area with AHI over $100K/yr. 93% NNN leased. NOI $539K/yr. $6.35M. 8.5% cap.  
7. MOB in Avondale, AZ: 5702 SF medical office building constructed in 2008 in fast growing (96.84% growth increase since 2000) and affluent (AHI $84K/yr in 1 mile) Phoenix metro. 100% NNN leased to Adelante Healthcare with 5 yrs left. NOI $114K/yr. $1.35M. 8.5% cap.

© Transmercial 2012

05-14: Pep Boys auto, Walgreens, Retail centers, Office building

1. Retail Center in Clinton, UT: 34,186 retail center consisting of three buildings on nearly 3 acres lot shadow-anchored by Maceys grocery & across from Lowe’s, Kohl’s and Walmart anchored center. At a hard corner location in growing and middle-class city North of Salt Lake City. 100% NNN leased to 12 tenants. NOI $435K/yr. $5.5M. 8% cap. 
2. Pep Boys Auto in Tuscaloosa, AL: 5721 SF auto parts and service center built in 2008 on 1.88 ac lot in a city about 30 minutes from Birmingham.  100% NNN corp leased till 2028. NOI $114K/yr (as of 12/2013) with 10% rent bumps every 5 yrs.  $1.472M. 7.75% cap. 
3. Retail Building in Pflugerville, TX: 3909 SF newly constructed retail building on .92 ac lot in fast growing & middle-class Austin suburbs.. Tenants include: Starbucks’s, Cash Advance and La Patesserie. NOI $122K/yr. $1.692M. 7.25% cap. 
4. Lone Star Steakhouse in Des Moines, IA: 12,595 SF steakhouse restaurant on 2.89 ac lot in high income area (AHI $100K/yr in 3 mile).   Close to Valley West Mall and easy access to I-235. 15 yrs absolute NNN corp lease. NOI $157K/yr with 2% annual rent increases. $1.576M. 10% cap. 
5. Shopping Center in Gilbert, AZ: 34,183 SF newly constructed center anchored by 10,200 SF Dollar Tree. Part of a 190,103 SF community center anchored by Lowes and Fresh & Easy. In booming (1,526.71% pop growth since 2000) and upper middle-class Phoenix suburbs. 91.53% leased. NOI $497K/yr. Price: Best Offer.  
6. Office Building in Fremont, CA: 9048 SF two-story well-maintained office building on .47 ac lot in affluent San Jose suburbs (AHI $114K/yr in 1 mile). Close to Tesla Factory and easy access to I-880 and I-680. 82% leased with only 1607 SF vacant. NOI $124K/yr. $1.8M. 6.90% cap.  
7. Walgreen’s in Kennesaw, GA: 13,600 SF drug store built in 2004 on 1.5 acres corner lot in wealthy Atlanta suburbs (AHI $100K/yr). 100% NNN lease with 17+ yrs left. NOI $313K/yr. $4.485M. 7% cap. Buyer to assume loan at low 5.68% rate.

© Transmercial 2012

05-11: Jack in the Box, Surgery center, MOBs, Tire Plus, Retail centers

1. Jack in the Box in Baton Rouge, LA: 2867 SF JIB restaurant at a major intersection near 29,000 seat Ace Mumford stadium and Baton Rouge Southern University. 18 yrs absolute NNN corp lease with 8 yrs left.  NOI $156K/yr with 8% rent bumps every 5 yrs.  $1.958M. 8% cap. 
2. Surgery Center in Port Charlotte, FL: 33,589 SF medical office building completed in 2005 on 2.7 ac lot adjacent to 238-bed Fawcette Memorial Hospital and Peace River regional hospital.  100% NNN leased to Gulf Pointe Surgery Center and Sun Trust Bank. NOI $694K/yr. $8.66M. 8.02% cap. 
3. MOB in Coral Springs, FL: 10,065 SF single-tenant medical building on .65 ac lot across from  Coral Springs Medical Center. 100% leased to NW Heart & Health Specialists (a HCA Subsidiary). NOI $123K/yr with 3% annual rent increases. $1.45M. 8.55% cap. 
4. MOB in Santa Clarita, CA: 20,576 SF two-story recently upgraded medical building on 1.64 ac lot in high income area and next to Fwy-14. 100% NNN leased to Facey Medical Foundation, a medical group with 150 physicians in 10 locations. Tenant has been at this location 20+ yrs. NOI $800K/yr. $5M. 16% cap. 
5. Tires Plus Total Car Care in Warner Robins, GA: 10,769 SF care cared retail building on 1.30 ac lot across from Walgreen’s and near Houston Medical Center in fast growing Atlanta metro. 100% absolute NNN leased with 8+ yrs left. NOI $90K/yr. $1.13M. 8% cap. 
6. Retail Center in Fayetteville, NC: 17,319 SF well-maintained retail center next to busy throughway and close to Cape Fair Valley Medical Center. In growing and upper-middle class neighborhood. 100% leased. NOI $184K/yr. $1.75M. 10.55% cap. 
7. Strip Center in Venice, FL: 10,421 SF newly constructed strip center outparcel to Wal-Mart Supercenter at main retail corridor North of Cape Coral. 100% leased to national/regional tenants. NOI $239K/yr. $2.995M. 8% cap.  
8. Strip Center in West Jordan, UT: 7646 SF strip center built in 2007 at highly visible location in upper middle-class (AHI $92K/yr) Salt Lake City suburbs. 84% NNN leased. NOI $142K/yr. $1.495M. 9.53% cap.

© Transmercial 2012.