11-12: CBA, Burker King, Orchard Supply Hardware, Hooters, Family Dollar, Starbucks, FedEx Kinko's

1. Christian Brothers Automotive in Shawnee, KS: 4921 SF 9-bay auto center built in 2009 on nearly 1 ac lot in affluent ($103K/yr) Kansas City suburbs. Close to Hwy-7. 15 yrs absolute NNN corp lease with 10+ yrs left. NOI $181K/yr with 1.5% annual rent increases. $2.426M. 7.50% cap.
2. Burger King in Holt, MI: 4073 SF well maintained fast food restaurant on 1.41 ac lot along main retail corridor in Lansing suburbs. Across from Kroger grocery and close to I-96. Tenant has been at this location for 27 yrs. 100% absolute NNN lease with 10+ yrs left to a strong franchisee with 60 units. NOI $97K/yr with 10% rent increases every 5 yrs. $1.504M. 6.50% cap.
3. Retail Center in Scottsdale, AZ: 17,955 SF attractive retail center built in 2001 on 1.85 ac lot in high income Phoenix suburbs. Shadow anchored by Walgreens. 93% NNN leased to Tutor Time, Papa John’s Pizza, Super Cleaners, Ancala Nails and Hawaiian Experience Spa. NOI $417K/yr. $5.765M. 7.24% cap. Upside potential.
4. Retail Building in Corona, CA: 6390 SF shopping center built in 2006 on 1+ ac lot in high income (AHI $101K/yr) Riverside suburbs. Across from Walgreens and near to Vons Grocery anchored center. 100% NNN leased to Wing Stop, Chronic Tacos and All Smiles Dentistry. NOI $197K/yr. $3.25M. 6.10% cap.
5. Orchard Supply Hardware in Visalia, CA: 44,200 SF single tenant retail building on 3.71 ac lot in upper middle class area. Across from Visalia Mall. Tenant has been at this location since 1973. 100% NNN lease with 5 yrs left. NOI $353K/yr. $4.877M. 7.25% cap.
6. Hooters in Waco, TX: 6118 SF Hooters Restaurant on 1.83 ac lot in fast growing area. On an off/on ramp of I-35.  New 15 yrs absolute NNN corp lease. NOI $184K/yr with 10% rent bumps in 2017 and every 5 yrs thereafter. $2.64M. 7% cap.
7. Family Dollar in Philadelphia, PA: 9343 SF attractive retail building on .41 ac lot at a signalized corner location in densely populated area with over 800,000 residents in 5 miles. 100% NNN with 11 yrs left. NOI $149K/yr with 5% rent increase in yr 6 – 10. $2.182M. 6.85% cap.
8. Starbucks & FedEx Kinko’s in Murray, UT: 4398 SF consisting of two retail buildings completed in 2003 at a signalized intersection in Salt Lake City suburbs. Across from 40-bed The Orthopedic Specialty Hospital. Close to Fashion Place Mall and I-215. 100% NNN leased with corp leases. NOI $132K/yr. $1.885M. 7% cap.
9. Retail Center in Albuquerque, NM: 32,648 SF retail center renovated in 2001 on 2.54 ac lot at a hard corner location. 100% NNN leased to Family Dollar, Rent-A-Center, US Immigration office, Subway, Ace Cash Express, World Finance, Gen X Clothing and El Herradero Market. NOI $360K/yr. $4.8M. 7.50% cap.
10. Auto Center in Sunnyvale, CA: 4800 SF well maintained auto repair facility in the middle of Silicon Valley with an AHI of $123K/yr. in 3 mile radius. 100% NNN leased to 3 stable tenants. NOI $104K/yr. $1.6M. 6.56% cap.

            (c) Transmercial 2013