12-23: Dollar General market, IHOP, Burger King, Walgreesn & Days Inn

Happy Holidays!  Transmercial will close on 12/24 and 12/25.  This year also marks a major milestone for Transmercial.  It's been around for 10 years.  We would like to thank you for your business, trust and support over the years.

1.  Dollar General Market in Hemet, CA: 23,200 SF Dollar General Market (DG with grocery) fully renovated in 2013 on 2 ac lot . Next to National Tenants Including Stater Bros., Big KMart, Wells Fargo, Sprouts, CVS, Chase, Starbucks, Carl's Jr., and Pizza Hut.  New 10 yrs NNN- corp lease.  NOI $248K/yr with 10% rent bump in 5 yrs.  $3.728M. 6.25% cap. 
2. IHOP in Madera, CA:  4558 SF IHOP restaurant on .81 ac outparcel to Walmart in a fast growing city in San Joaquin valley.  Easy access to Hwy 99.  100% NNN corp lease with 6 yrs left.  NOI $167K/yr. with 10% rent bump in 1 yr.  $2.78M. 6% cap.
3. Burger King in Tucson, AZ: 2643 SF Burger King on 1.08 ac outparcel to a shopping center in a growing city.  New 20 yrs NNN lease at close of escrow to a largest AZ Burger King operator.  NOI $92K/yr. $1.533M. 6% cap. 
4. Walgreens & Days Inn in Gainesville, FL: Walgreens built in 1999 and 102-room Days Inn next to I-75 exit.  Walgreens is on ground lease with 46 yrs left with 200K/yr base rent.  Days Inn has gross revenue of $800K/yr. NOI $562K/yr. $8.4M. 6.7% cap.       
5. Shopping Center in Los Angeles, CA: 13,141 SF shopping center built in 2008 on a corner lot in densely-populated area with over 1M residents within 5 miles radius.  100% NNN leased to 8 tenants including Subway, Metro PCS, Mothers Nutritional Center, Watts Healthcare Corp (WIC), Liberty Tax Services, RPM Lenders, Shiek Shoes. NOI $468K/yr. $6.25% cap. 7.5% cap.
6. Retail Center in Palmdale, CA:  4480 SF 2-building retail center at a signalized corner with 2 points of ingress and egress.  100% leased to 4 tenants:  Donut Shop, Thai Restaurant, Mexican Restaurant and Lube Pit.  NOI $100K/yr. $1.25M. 8% cap.

            (c) Transmercial