11-04: Great Western Bank, Jiffy Lube, Chuck E Cheese, CARQUEST

1. Great Western Bank in Chandler, AZ: 6703 SF single-tenant retail building completed in 2005 on .75 ac lot along main corridor in Phoenix metro. 100% NNN leased to Great Western Bank with 3 yrs lease renewal. NOI $90K/yr. $1.161M. 7.75% cap.
2. Jiffy Lube in Cedar Park, TX: 4073 SF attractive Jiffy Lube built in 2004 on .99 ac lot in a fast growing (1,587.00% pop growth since 2000) and affluent neighborhood with an AHI of $112K/yr in 1 mile. 20 yrs absolute NNN lease with 10+ yrs left to strong franchisee with over 535 units. NOI $125K/yr with a rent bump in 2014. $1.825M. 6.90% cap.
3. Chuck E Cheese in McAllen, TX: 15,500 Chuck E Cheese on 2.45 ac lot at a major retail artery. Part of Valencia Market Place, with Red Lobster, Walgreens, LongHorn Steakhouse and Sam’s Club. New 15 yrs absolute NNN ground lease (land is for sale). NOI $133K/yr with 10% rent increases every 5 yrs. $2.216M. 6% cap.
4. Shopping Center in Coral Springs, FL: 20,935 SF recently upgraded shopping center along major retail corridor. Excellent visibility with all units face road. Close to 200-bed Broward Health Coral Springs.100% leased with solid tenants. $3.941M. NOI/Cap not provided.
5. Neighborhood Center in Saint Cloud, FL: 61,333 SF attractive shopping center constructed in 2003 on 8+ ac lot anchored by Winn-Dixie grocery, a regional grocery store chain. In growing city South of Orlando. 93% leased. NOI $703K/yr. $8.281M. 8.50% cap.
6. MOB in Warwick, RI: 31,415 SF Class-A medical office building on nearly 4 ac lot in Providence metro. Across from Kent Hospital and next to I-95. 100% leased to twelve tenants. NOI $297K/yr. $3.3M. 9% cap.
7. Office Building in Westminster, CO: 42,533 SF Class-B office building on 2+ ac outparcel to Costco. Across from 205 acre mixed use Westminster Mall re-development. 75% leased. NOI $265K/yr. $2.95M. 9.01% cap. Upside potential.
8. Retail Center in Yorba Linda, CA: 6000 SF well maintained retail center at a signalized intersection outparcel to The Fresh Market (NASDAG: TFM), a specialty grocery with 131 stores in 33 states. In affluent Orange County with an AHI of $128K/yr in 1 mile radius. 100% leased to Liquor Store, Physic and a Deli. NOI $140K/yr. $2.15M. 6.51% cap.
9. Strip Center in Joliet, IL: 8461 SF attractive strip center completed in 2001 on .58 ac lot along main road. Next to Walgreen’s. 100% NNN leased to H&R Block, Subway, Pizza Hut and Joliet Township High School. NOI $147K/yr. $1.842M. 8% cap.
10. CarQuest Autoparts in Richmond, VA: 7200 SF attractive auto parts retail building on .75 ac lot in fast growing area. Close to I-95. 10 yrs NNN lease with 8 yrs left. NOI $80K/yr. $955K. 8.40% cap.

            (c) Transmercial 2013