01-07: REO-ed Retail Center, Johnny Carinos, Forever 21, Napa Auto Parts

1. Shopping Center in Bakersfield, CA: 25,559 SF well maintained shopping center on over 2 ac lot at a signalized intersection with three points of access. Close to Mercy Southwest Hospital. 88% NNN leased. Actual NOI $420K/yr. $6.008M. 7% actual cap. Upside potential.
2. REO’ed Retail Center in Riverside, CA:  11,306 SF lender owned retail center at a corner lot across from Kaiser Permanente Riverside Hospital. Near Galleria at Tyler Mall and Hwy-91. 79% leased. NOI $128K/yr. $1.895M. 6.80% cap.
3. Johnny Carino's Restaurant in Lake Charles, LA: 6,532 SF Italian Restaurant built in 2003 on 1.57 ac lot at main retail corridor. Between Lowe’s & across from Walmart Supercenter. Near I-210. 17 yrs absolute NNN corp lease with 7 yrs left. NOI $176K/yr with 1.5% annual rent increases. $1.855M. 9.50% cap.
4. Shopping Center in Toledo, OH: 23,293 SF well maintained shopping center on 2 ac lot at a major retail corridor. Close to I-90/80. 99%leased. NOI $212K/yr. $2.32M. 9.16% cap.
5. Forever 21 in El Paso, TX: 83,868 SF single-tenant retail center located in 922,000 SF Sunland Park Mall (Operated by Simon).  100% NNN leased to Forever 21 with 7 yrs left.  NOI $293K/yr. $4.197M. 7% cap. 
6. Shopping Center in Houston, TX: 37,147 SF well kept shopping center on 2.44 ac lot in a fast growing area. All units face main corridor. 92% leased. NOI $312K/yr. $3.75M. 8.32% cap.
7. Retail Center in Fort Worth, TX: 10,886 SF 7-units retail center built in 2005 in fast growing area. Across from Sam’s Club, Walmart and Lowe’s and near I-30. 100% leased national, regional and local tenants. NOI $109K/yr. $1.3M. 8.4% cap.
8. Retail Center in Austin, TX: 15,400 SF attractive retail center on 2.78 ac lot shadow-anchored by Home Depot in high income (AHI $132K/yr) area. 92% NNN leased. NOI $334K/yr. $4.45M. 7.51% cap.
9. Shopping Center in Hesperia, CA: 36,201 SF shopping center completed in 2007 on 4.6 ac lot at a signalized intersection in high growth middle class area. 97% leased to national tenants such as 99 Cents Only Stores, US Bank, Taco Bell, and AT&T. NOI $845K/yr.  $11.4M. 7.42% cap.
10. Napa Auto Parts in Clinton, MD: 8200 SF Napa Auto Parts in a high income are with an AHI of $112K/yr in Washington metro. Close to Hwy-5. 100% NNN lease with 5 yrs left. NOI $69K/yr. $990K. 7.02% cap.

            (c) Transmercial 2014