11-13: Jack in the Box, Logan's Roadhouse, Foster Freeze

1. Shopping Center in Portage, MI: 61,990 SF attractive shopping center on nearly 9 ac lot in Kalamazoo suburbs. Shadow Anchored by Stein Mart Discount Clothing and D&W Fresh Market Grocery Store. Across from 100+ store The Crossroads Mall. 86% NNN leased. NOI $568K/yr. $6.68M. 8.51% cap. Upside potential.
2. Strip Center in Venice, FL: 5670 SF well maintained strip center along at main retail corridor North of Cape Coral. 100% leased to Ciao Gelato, Resort Style and Victoria’s Deli. NOI $142K/yr. $1.6M. 8.90% cap.
3. Strip Center in Chico, CA: 6977 SF attractive strip center consisting of 2 buildings built in 2009 on .97 ac lot at a signalized intersection in growing area Northern California. Close to Hwy-99. 80% NNN leased to Papa Murphy's, Bob Clark, It's a Grind Coffee with 1 vacant unit. NOI $79K/yr. $1.1M. 7.26% cap.
4. Jack in the Box in Fresno, CA: 2429 SF established drive-thru fast food restaurant at a hard corner location and along main retail artery. 10 yr absolute NNN corp lease with 7 yrs left. Tenant has been at this location 30+ yrs.  NOI $100K/yr with a CPI rent bump in 2016 at an amount not to exceed 12%. $1.9M. 5.28% cap.
5. Retail Center in Chino Hills, CA: 16,000 SF consisting of two retail buildings on 1.97 ac outparcel to Albertsons grocery. In affluent San Bernardino County with an AHI of $119K/yr in a 1 mile radius. 87% leased. NOI $109K/yr. $4.395M. 6% cap.
6. Logan’s Roadhouse in Lewisville, TX: 8202 SF Steakhouse Restaurant built in 1999 on nearly 2 ac lot at a main retail artery in fast growing (199.34% growth) and high income (AHI $96K/yr in 3 miles) Dallas suburbs. Adjacent to 1,105,334 SF 160-stored Vista Ridge Mall,.  20 yrs absolute NNN lease with 13 yrs left. NOI $258K/yr with annual rent increases. $3.446M. 7.50% cap.
7. Community Center in Sugar Land, TX: 34,944 SF attractive retail center built in 2006 on 2.65 ac lot in growing and prosperous Houston suburbs with an AHI of $140K/yr in 1 mile radius. Across from Power Center, with several anchored tenants and close to Memorial Hermann Sugar Land Hospital. 93% NNN leased. NOI $672K/yr. $9.601M. 7% cap.
8. Retail Center in San Jose, CA: 18,429 SF well maintained retail center on 1.65 ac lot at a hard corner location anchored by Doctor’s on Duty. Close to Great Mall and I-680. 100% leased to 11 tenants. NOI $473K/yr. $7.57M. 6.25% cap.
9. Foster Freeze in Oxnard, CA: 735 SF fast food restaurant at a hard corner location in a growing city in Southern California. 100% leased to national tenants. NOI $31K/yr. $735K. 4.30% cap.
10. Retail Center in Marlton, NJ: 8762 SF attractive retail center built in 2009 on over 1 ac lot in high income (AHI $119K/yr in 3 miles) Philadelphia metro. 100% NNN leased to six tenants. NOI $127K/yr. $1.75M. 7.26% cap.

            (c) Transmercial 2013