12-19: BWW, Jack in the Box, Walgreens, DMV, Texas Roadhouse Restaruant

1. BWW in Calumet City, IL: 6,700 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. New 10 yrs NNN lease. NOI $126K/yr. $1.938M. 6.50% cap.
2. Retail Center in Saint Petersburg, FL: 15,680 SF well maintained retail center at a signalized corner location of Hwy-19. 91% leased. Pro forma NOI $180K/yr. $2.5M. 7.20% pro forma cap.
3. Jack in the Box in San Antonio, TX: 1691 SF drive-thru fast food restaurant renovated in 2010 at a hard corner location. Close to Walmart, Sam’s Club and I-410. 100% absolute NNN corp lease with 7 yrs left. NOI $51K/yr. $800K. 6.38% cap.
4. Walgreen’s in Rochester, NY: 14,820 SF attractive Walgreen’s pharmacy completed in 2009 on over 3 ac lot at a hard corner location in upper middle class area. 25 yrs absolute NNN lease with 21 yrs left. NOI $440K/yr. $6.725M. 6.54% cap.
5. Shopping Center in Tucson, AZ: 25,708 SF well kept shopping center on over 2 ac lot at a hard corner location. Shadow anchored by Walmart Neighborhood Market. 100% NNN leased. NOI $307K/yr. $4.6M. 6.68% cap.
6. DMV in Chesapeake, VA: 8480 SF Class-B office building on 2 ac lot in growing and high income (AHI $96K/yr) Norfolk suburbs. 100% leased to the State of VA Department of Motor Vehicle. NOI $148K/yr. $1.85M. 8% cap.
7. Retail Center in Abington, MA: 21,816 SF attractive retail center built in 2005 in high income Boston metro with an AHI of $82K/yr in 3 mile radius. 95% NNN leased. NOI $185K/yr. $2.745M. 6.75% cap.
8. Retail Center in Ontario, OH: 8990 SF retail center built in 2007 on 1.38 ac lot in growing Mansfield suburbs. Across from Meijer grocery, Menards grocery and Power Center with Target, Beth Bath & Beyond and Movie Theater. 100% leased to Panera Bread, Cold Stone and Portrait Innovations. NOI $179K/yr. $2.55M. 7% cap.
9. Retail Center in Torrance, CA: 12,232 SF retail center in densely populated and high income (AHI $111K/yr) Los Angeles area. 100% leased to established long term tenants. NOI $376K/yr. $5.45M. 6.90% cap.
10. Texas Roadhouse in Mobile, AL: 9117 SF Texas Roadhouse restaurant built in 2008 on over 2 ac lot close to Providence Hospital and Airport. 15 yrs NNN ground lease (land for sale) with 9 yrs left. NOI $109K/yr with 10% rent bumps every 5 yrs. $1.788M. 6.15% cap.

            (c) Transmercial 2013