1-29: KFC, Walgreens, Applebee's, Office Building, Retail Centers

1. Retail Center in McAllen, TX: 11,309 SF retail center built in 2006 on over 1 ac outparcel to Sam’s Club and Walmart.  Across from Lowe’s. Close to 441-bed McAllen Medical Center, McAllen Heart Hospital, LifeCare Hospital and Hwy-83. 100% NNN leased.  NOI $241K/yr. $2.842M. 8.50% cap.
2. KFC in Wichita, KS: 2298 SF KFC restaurant on ½ ac lot close to Towne West Square Mall and I-235. New 15-yrs absolute NNN lease to strong operator with 12 units. NOI $77K/yr with 10% rent bumps every 5 yrs. $1.075M. 7.25% cap.
3. Retail Center in Charlotte, NC: 14,340 SF attractive retail center built in 2004 at a signalized intersection at main entrance to Costco and near I-77. 100% leased to Sprint, Subway, Cupid Foot Spa, UPS Store, T-Mobile, Verizon & Snelling Staffing. $3M. NOI/Cap N/A.
4. Retail Center in Toledo, OH: 23,293 SF well maintained shopping center built in 2009 on 2 ac lot at a major retail corridor. Close to I-90/80. 99% NNN leased. NOI $212K/yr. $2.32M. 9.16% cap.
5. Retail Center in West Covina, CA: 14,244 SF well kept 11-units retail center on .81 ac lot along main corridor in Los Angeles County. Close to Westfield West Covina Mall and I-10. 100% NNN leased. NOI $210K/yr. $3.095M. 6.80% cap.
6. Retail Centers in Louisville, KY: 16,571 SF retail center shadow-anchored by recently expanded Kroger grocery and 10,400 SF retail center shadow-anchored by 204,000 SF Super Wal-Mart. 95% leased to strong national/regional tenant mix. NOI $435K/yr. $5.6M. 7.80% cap.
7. Walgreens in Daytona Beach, FL: 13,905 SF well maintained drive-thru drug store on 1.55 acres lot at a hard corner location.  100% NNN lease with 3 yrs left. NOI $226K/yr. $2.827M. 8% cap.
8. Applebee’s in Elgin, IL: 5004 SF Bar & Grill Restaurant completed in 1996 on 1+ ac lot in growing and high income Chicago suburbs. Across from Power Center with Target, Burlington Coat Factory, Hobby Lobby and Big Lots. 20-yrs absolute NNN lease with 12-yrs left to strong franchisee with 45 units. NOI $222K/yr with 2% annual rent increases. $2.96M. 7.50% cap.
9. Retail Center in Dix Hills, NY: 10,500 SF attractive retail center in affluent New York suburbs with an AHI of $129K/yr in 1 mile. 80% leased with 1 available unit.  Pro forma NOI $329K/yr. $4.7M. 7% cap.
10. Office Building Albuquerque, NM: 38,890 SF Class-B consisting of two office buildings on 2.59 ac lot in growing upper-middle class area. 99% leased to multiple tenants. NOI $319K/yr. $3.5M. 9.12% cap.

            (c) Transmercial 2014