11-25: Jack in the Box, Mixed-use Property, MOB, Shopping Centers

1. Jack in the Box in Houston, TX: 2633 SF drive-thru fast food restaurant built in 2000 on .88 ac lot at a hard corner location. Excellent demographics: fast growing area with an AHI of $129K/yr in 1 mile. 18 yrs NNN corp lease with 4+ yrs left. NOI $137K/yr. $2.293M. 6% cap.
2. Mix-used Center in Cathedral City, CA: 9300 SF well maintained center along busy retail corridor in Riverside County. 90% lease to long term retail & office tenants. NOI $78K/yr. $975K. 8.10% cap.
3. Shopping Center in Fontana, CA: 21,615 SF consisting of two retail center completed in 2009 on nearly 4 ac lot in high income (AHI $92K/yr) San Bernardino County.  Anchored by free-standing 7-Eleven. Across from Power Center, with Lowe’s, Petco and OfficeMax. On an off/on ramp of Hwy-210. 94% NNN leased. NOI $502K/yr. $7.733M. 6.50% cap.
4. Office Building in Fresno, CA: 6415 SF Class-B consisting of two buildings constructed in 2008 along major retail artery. 100% NNN leased to nine tenants. NOI $58K/yr. $1.099M. 5.28% cap.
5. MOB in Wildomar, CA: 36,307 SF Class-B medical office building on 3.75 ac lot in booming (342.33% pop growth since 2000) and high income (AHI $118K/yr in 1 mile) Riverside County. Across from252-bed Inland Valley Medical Center and next to I-15. 64% leased. Actual NOI $585K/yr. $7.5M. 7.80% actual cap. Upside potential.
6. Retail Center in Canton, GA: 14,727 SF attractive retail center built in 2004 on 1.70 ac lot in fast growing and high income ($106K/yr) Atlanta metro. Near Publix grocery center and I-575.  90% leased. NOI $218K/yr. $2.45M. 8.90% cap.
7. MOB in Hickory, NC: 12,348 SF Class-A medical office building completed in 1998 on .73 ac lot. Close to 335-bed Frye Regional Medical Center. 100% NNN lease with 5 yrs left to credit tenant with a certificate of need for this location (this means property with limited supplies). NOI $203K/yr. $2.5M. 8.14% cap.
8. Retail Center in Kingwood, TX: 18,170 SF newly constructed retail center on nearly 3 a lot in fast growing (27.11%) and affluent (AHI $156K/yr) North Houston suburbs. $3.25M. NOI/Cap not provided.
9. Shopping Center in Sugar Land, TX: 24,648 SF consisting of two beautiful retail buildings completed in 2002 on over 2 ac lot with excellent highway visibility in fast growing & high income (AHI $97K/yr within 1 mile) Houston suburbs. 82% NNN leased. NOI $262K/yr. $3.5M. 7.50% cap.

            (c) Transmercial 2013