12-03: Chipotle, First Choice Emergency Room, BWW, Planet Fitness, Coco's Bakery Restaurant

1. Chipotle in Cincinnati, OH: 3194 SF Chipotle restaurant renovated in 2011 on .75 ac outparcel to Family Dollar center and Walgreen’s in upper middle-class area. Along main retail corridor with 18,300 CPD. 10 yrs NNN- corp lease with 8+ yrs left. NOI $65K/yr. $1.019M. 6.40% cap.
2. First Choice ER in Deer Park, TX: 6500 SF well performing freestanding emergency room renovated in 2013 on .64 ac lot in fast growing Houston suburbs. 7 yrs NNN- lease. NOI $165K/yr with a 10% rent bump in year 6. $2.456M. 6.75% cap.
3. Retail Center in North Las Vegas, NV: 11,458 SF attractive retail center at a signalized corner location shadow-anchored by Fresh & Easy grocery. Tenants include: Hungry Howie's Pizza, Miracle Hearing Aid Store, Clips & Tails Pet Groomers, and other service and medical businesses. NNN leases. NOI $239K/yr. $3.23M. 7.42% cap.
4. BWW in Calumet City, IL: 6700 SF Buffalo Wild Wing Grill & Bar restaurant renovated in 2010 on 1+ ac outparcel to Calumet Center, a 522,222 SF Power Center in Chicago metro. Across from River Oaks Center, a 1,200,000 SF Regional Mall. 10 yrs NNN lease with 9+ yrs left. NOI $126K/yr with 7.5% rent increases every 5 yrs. $1.938M. 6.50% cap.
5. Planet Fitness in La Puente, CA: 20,500 SF newly renovated fitness center on 2.29 ac lot in densely populated Los Angeles area. New 15 yrs NNN lease. NOI $307K/yr with 10% rent bumps every 5 yrs. $4.73M. 6.50% cap.
6. Office Building in Fresno, CA: 22,590 SF well maintained office buildings on 1.81 ac corner lot along main thoroughfare.  Close to Fashion Fair Mall and Hwy-41. 88% leased. NOI $148K/yr. $1.795M. 8.26% cap.
7. Retail Center in Elgin, IL: 10,609 SF attractive retail center completed in 2000 on over 1 ac lot in high income Chicago suburbs. 100% leased to national, regional and local tenants including: ATI Physical Therapy, Sport Clips, The UPS Store and Wing Stop. NOI $254K/yr. $3.3M. 7.70% cap.
8. Strip Center in Tempe, AZ: 8750 SF eye-catching strip center built in 2006 on .81 ac lot at a signalized location in high income Phoenix suburbs. Adjacent to Albertson’s center. 100% NNN leased. NOI $227K/yr. $3.036M. 7.50% cap.
9. Coco’s Bakery Restaurant in San Bernardino, CA: 5626 SF Coco’s Bakery Restaurant on .94 ac lot across from 463-bed St. Bernardine Medical Center. Tenant has been at this location for 34 yrs. 100% NNN corp lease with 5 yrs left. NOI $49K/yr. $950K. 5.20% cap.
10. Planet Fitness in San Antonio, TX: 18,00 SF Planet Fitness center on 2.26 ac lot in fast growing (139.49% pop growth since 2000) and high income (AHI $80K/yr) area. Close to Walmart, H-E-B and Kohl’s. 100% NNN lease with 8 yrs left. NOI $263K/yr. $2.8M. 9.42% cap.

            (c) Transmercial 2013