03-28: Arby's, Hooters, Mix-used, Retail Center, Medical Condo

1. Arby’s in Lutz, FL: 2400 SF franchised restaurant on 1 ac lot along main corridor in growing and high income Tampa suburbs. Across from Publix Super Market and Belk department store. 100% NNN lease with 4-yrs left to strong franchisee with 28 units. NOI $120K/yr. $1.632M. 7.35% cap.
2. Strip Center in Las Vegas, NV: 7769 SF attractive strip center built in 2006 on 1.21 ac lot in fast growing (1,524% pop growth since 2000) and high income (AHI $90K/yr in 3-miles) area. Close to 147-bed St Rose Dominica Hospital. 83% leased to 5 tenants with only one vacant unit. NOI $135K/yr.  $1.95M. 6.94% cap.
3. Retail Center in Fayetteville, NC: 10,800 SF well maintained retail center completed in 2000 on 1.22 ac corner lot in growing area. 89% leased with only one vacancy. Pro forma NOI $144K/yr. $1.6M. 9.04% cap.
4. Hooters in Topeka, KS: 6000 SF Hooters Restaurant on an off/on ramp of I-70. Close to 992,000 SF West Ridge Mall. 15-yrs absolute NNN corp lease. NOI $199K/yr with 10% rent bumps every 5-yrs. $2.857M. 7% cap.
5. Retail Center in Compton, CA: 6240 SF attractive retail center on .64 ac lot next to CVS Pharmacy in densely populated Los Angeles area. NOI $213K/yr. $2.95M. 7.25% cap.
6. Mix-used Center in North Miami Beach, FL: 16,200 SF well kept retail/office center at a major retail artery. Between Jackson North Medical Center and The Mall at 163^rd Street. Near I-95. $4.1M. NOI/Cap N/A. Just $87/SF!
7. Retail Center in Antioch, CA: 10,900 SF mature retail center in Contra Costa County. Major tenants include Bank of America and Citibank. 100% leased. NOI $102K/yr. $1.463M. 7% cap.
8. Medical Condo in Santa Ana, CA: 10,496 SF Class-A medical condo next to Western Medical Center and Hwy-55. 88% absolute NNN leased to two tenants.NOI $224K/yr. $3.453M. 6.5% cap.

            (c) Transmercial 2014