- Strip Mall in Visalia, CA: 5007 SF retail center built in 2007 on 1/2 ac outparcel to a shopping center with Target, Sports Chalet, Starbucks. Across the street from Walmart, Lowes, and Costco in a middle-class San Joaquin Valley town. 100% NNN leased to 2 tenants: Dickeys BBQ Pit and Bebe Nail & Spa both on 10 yrs lease. NOI $131K/yr. $2M. 6.56% cap.
- Shopping Center in Charlotte, GA: 14340 SF shopping center built in 2004 on an outparcel to Costco. Next to I-77 exit. 100% leased to Sprint, Subway, Cupid Foot Spa, UPS Store, T-Mobile, Verizon & Snelling Staffing. NOI N/A. $3.15M.
- Shopping Center in McKinney, TX: 18,960 SF shopping center built in 1997 on 2.43 ac lot in high growth, high income Dallas suburbs (AHI $112/yr in 1 mile). 87% NNN leased to 8 tenants with 1 vacant unit. NOI $242K/yr. $2.95M. 8.2% cap.
- Burger King in Holt, MI: 4073 SF restaurant on 1.41 ac lot in Lansing metro. New 20 yrs absolute NNN lease to an operator with 60 units. Tenant has been at this location for 27 yrs. NOI $98K/yr with 10% rent bumps every 5 yrs. $1.504M. 6.5% cap.
- Shopping Center in Wood Village, OR: 12,969 SF retail center consists of a free-standing Burger King and a strip center both on 1.61 ac outparcel to a Walmart in Portland metro. Next to I-84 exit. 86% NNN leased to Burger King, Teriyaki Guys, Taco Del Mar, Oasis Day Spa, Game Stop, Dotty's Deli, and T0mobile with 1 avail unit. Current NOI $310K/yr. $4.6M. 6.75% cap. Upside potential.
- Neighborhood Center in Naples, FL: 12,920 SF center built in 2006 on 1.27 ac corner lot in a middle-class area. 100% leased. NOI $134K/yr. $1.79M. 7.5% cap.
- Retail center in San Marcos, CA: 14,300 SF retail center on 1.05 ac lot in San Diego metro. 85% leased to 7 tenants. NOI $187K/yr. $2.5M. 7.5% cap.
(c) Transmercial 2014
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