- TitleMax in Phoenix, AZ: 5196 SF single-tenant retail building with drive-thru on .63 ac lot. Renovated in 2012. 100% NNN corp lease with 3.5 yrs left to TitleMax, a national title loan company with 1000+ locations. NOI $57K/yr with 15% rent bump in the next 5 yr option. $799K. 7.21% cap.
- Wendy's in Richmond, VA: 2831 SF Wendy's restaurant on .77 ac corner lot on a busy 6-lane road. 20 yrs absolute NNN lease with 19 yrs left to an operator with 63 units and over $100M in annual revenue. NOI/price not available. 2% annual rent bumps. 6.25% cap.
- Office Building in Knoxville, TN: 8132 SF 2-story class-A single-tenant admin office building. Gentiva Health, a national medical tenant has been here for 7 yrs and signed a new 5 yrs lease. NOI $102K/yr. $1.249M. 8.2% cap.
- Buffalo Wild Wings in McAllen, TX: 6026 SF new BWW restaurant and Sports Bar on 1.63 ac lot in high income area with AHI of $78K/yr in 1 mile. 15 yrs absolute NNN lease with 13 yrs left. NOI $240K/yr with 10% rent bumps every 5 yrs. $3.693M. 6.5% cap.
- Jiffy Lube in San Antonio, TX: 1332 SF 2-bay Jiffy Lube built in 1990 in upper middle class area. New 20 yrs absolute NNN lease to Allied Lube Texas LP which is one of the top Jiffy Lube franchisees with 74 locations throughout Texas. NOI $110K/yr with 10% rent bumps every 5 yrs. $1.638M. 6.75% cap.
- Strip mall in Desoto, TX: 6259 SF 5-unit inline retail center built in 1998 on .79 ac in high income Dallas suburbs. Shadow anchored by Albertsons Grocery. NOI $62K/yr. just $779K. 8% cap.
- LA Fitness in Naples, FL: 30,571 SF fitness center with swimming pool on 8 ac corner lot in high income area. 15 yrs corp NNN- lease to LA Fitness with 9 yrs left. NOI $687K./yr. with 10% rent in 2018. $8.86M. 7.75% cap.
- Aaron's Rents in Augusta, GA: 8200 SF single-tenant retail center on 1.1 ac outparcel to Walmart with easy access to I-520. 15 yrs absolute NNN lease with 8 yrs left. NOI $62K/yr. $829K. 7.5% cap.
(c) Transmercial 2013
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