11-21: Compass Bank, Black Angus Steakhouse, Shopping Centers

1. Retail Center in Kissimmee, FL: 10,616 SF retail center built in 2002 on 1.39 ac lot in Orlando metro. Across from Walmart Supercenter. 95% leased. NOI $232K/yr. $2.9M. 8% cap.
2. Compass Bank in Colorado Springs, CO: 4500 SF Class-A retail building on .70 ac lot in high income area.  100% leased to Compass Bank with 3 yrs left. Tenant has been at this location since 1999. NOI $89K/yr. $1.285M. 7% cap.  
3. Shopping Center in Maywood, CA: 48,324 SF well maintained shopping center completed in 1991 on over 3 ac lot at signalized intersections and in densely populated Los Angeles County. Good tenant mix. National tenants include Subway, US Bank, O' Reilly Auto Parts, Yoshinoya and Western Dental. 94% NNN leased. NOI $822K/yr. $11.755M. 7% cap. Buyer to assume $7.353M at 5.57% interest rate.
4. Black Angus in San Jose, CA: 10,215 SF Black Angus steakhouse on .89 ac lot on the heavily-travelled Blossom Hill road. In high income Silicon Valley area with an AHI of $116K/yr in 3 miles. Adjacent to Oakridge Mall, with 207 stores. Close to Hwy-85/87. 100% NNN leased with 5 yrs left. NOI $228K/yr. $3.66M. 6.25% cap.
5.  Shopping Center in North Saint Paul, MN: 46,500 SF well kept shopping center on 3+ ac lot in growing Minneapolis suburbs. Shadow anchored by Target. 92% leased. NOI $341K/yr. $4.265M. 8% cap.
6.  Retail Center in Greeley, CO: 9292 SF high quality construction retail center in growing area North of Denver. Close to Hwy-34. 100% NNN leased to Starbucks Coffee, Jimmy John’s and Cricket Cellular. NOI $ 274K/yr. $3.6M. 7.62% cap.

            (c) Transmercial 2013