02-19: Valero Gas, KFC, Kelly More Paints, Church's Chicke

1. Valero Gas Station & Auto Repair Center in Alameda, CA: 9800 SF well maintained retail property at a corner lot and in high income (AHI $91K/yr) bay area. There is the possibility for the current tenant to sign a new lease or sell the business. Perfect for owner/user opportunity. $1.2M.
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 11 units. NOI $78K/yr with 10% rent bumps every 5 yrs. $1.075M. 7.25% cap.
3. Kelly More Paints in Bremerton, WA: 5922 SF single-tenant retail building on .54 ac outparcel to Fred Meyer grocery in growing Seattle metro. 100% NNN lease with 4-yrs left. NOI $55K/yr. $770K. 7.17% cap.
4. Retail Center in Cypress, TX: 9230 SF retail center built in 2005 on over 1 ac lot in affluent Houston suburbs. Across from Wal-Mart center. 100% NNN leased to Tenet Healthcare and BGC Pharmacy. NOI $166K/yr. $2.2M. 7.56% cap.
5. Church’s Chicken in Tampa, FL: 990 SF well kept Church’s Chicken at a corner location. Close to St Joseph’s Children’s Hospital. 100% absolute NNN corp lease with over 11-yrs left. NOI $51K/yr with 1.5% annual rent increases. $850K. 6.12% cap.
6. Retail Center in Rockwall, TX: 18,238 SF attractive retail center on 1.25 ac lot in growing and high income Dallas metro. 100% leased with long term tenants including three medical tenants. NOI $195K/yr. $2.11M. 9.26% cap.
7. Strip Center in Fort Worth, TX: 9450 SF strip center built in 2008 on nearly 1 ac lot in growing and high income area. All units face main corridor. 100% NNN leased. 9% cap. NOI/Price N/A.
8. Retail Building in Schaumburg, IL: 7,000 SF retail center built in 1998 on 1 ac outparcel to Kohl’s and Lowe’s center in high income Chicago metro. Across from Home Depot and Target. 100% leased to Starbucks and Sprint.  NOI $142K/yr. $1.6M. 8.50% cap.
9. Office Building in Beaverton, OR: 4591 SF Class-B office building in growing Portland suburbs. Near Beaverton Town Square and Hwy-217. Actual NOI $52K/yr. $750K. 7% cap.

            (c) Transmercial 2014