03-06: Medical Condo, Burger King, MOB, Hardee's, Retail Center

1. Medical Condo in Los Gatos, CA: 2136 SF Class-A medical condo in very affluent Silicon Valley suburbs (AHI $140K/yr in 1 mile). Close to 349- bed Samaritan Hospital Hwy-17 and Hwy-85. $1.435M.
2. Office Building in Wichita, KS: 34,754 SF Class-A office building in growing and high income area with an AHI of $104K/yr in 1 mile. Near I-235. 93% leased to multiple tenants. NOI $258K/yr. $2.89M. 8.93% cap.
3. Retail Center in North Richland Hills, TX: 22,260 SF shopping center in fast growing and affluent (AHI $152K/yr in 1 mile) Ft Worth/Dallas suburbs. Across from Walmart Supercenter. 100% leased. NOI $440K/yr. $5.5M. 8% cap.
4. Burger King in Shawnee, TX: 2740 SF brand new fast food restaurant on 1 ac outparcel to recently developed center at a signalized intersection. In a growing and high income area. New 10-yrs NNN lease. NOI 105K/yr. $1.4M. 7.50% cap.  Note: $1.4M will be used to build the restaurant.  Once completed, the tenant will start paying rent.
5. Hardee’s in Mobile, AL: 2972 SF attractive fast food renovated in 2010 on 1.79 ac lot at a major retail artery. Across from Kohl’s and 16 screen Carmike Cinemas movie theatre. New 15-yrs absolute NNN lease. NOI $72K/yr with 10% rent bumps every 5-yrs. $1.2M. 6% cap.
6. Business Center in Novi, MI: 48,000 SF Class-B office building completed in 1997 on 3.85 ac lot in growing and high income Detroit suburbs. Close to Providence Park Hospital, Novi Town Center, Twelve Oaks Mall and I-96. 100% leased. NOI $655K/yr. $6.9M. 9.50% cap.
7. Retail Building in Thornton, CO: 6600 SF attractive retail building on 1+ ac lot at a main thoroughfare. In growing and upper middle-class Denver suburbs. 100% NNN lease with 2-yrs left. NOI $99K/yr. $1.35M. 7.37% cap.
8. Retail Building in Roseville, CA: 5452 SF retail building at a major retail artery in Sacramento suburbs. Across from Power Center with Home Depot and Costco. Near Galleria Mall and Hwy-65. 100% leased. NOI $121K/yr. $1.85M. 6.54% cap.
9. MOB in Centennial, CO: 24,300 SF Class-B medical office building in growing and affluent (AHI $115K/yr) Denver metro. 71% leased to multiple tenants. NOI $190K/yr. $2.8M. 7.10% cap.

            (c) Transmercial 2014