04-08: Pizza Hut, See's Candy, Office Plaza, Strip Centers

1. Retail Center in Atlanta, GA: 14,565 SF attractive retail center on nearly 2 ac outparcel to Power center with Publix, Lowe’s, Target, BJ’s, LA Fitness, Marshalls, TJ Maxx and more. Close to I-285. Great tenants mix including: Five Guys, Comcast, This Is It! BBQ & Seafood, the US Government’s Armed Forces Career Center and  Top Ten Nails. NOI $348K/yr. $4.65M. 7.50% cap.
2. Office Plaza in Keizer, OR: 14,210 SF Class-B office complex on 1.37 ac lot in growing Salem suburbs. Leased to multiple tenants. NOI $63K/yr. $975K. 6.50% cap.
3. Retail Center in Kettering, OH: 9800 SF attractive retail center built in 2006 on 1.23 ac lot in Dayton suburbs. 100% leased to LaRosa’s Pizzeria, Smoothie Shop, Dry Cleaners and Coffee Shop. NOI $145K/yr. $1.8M. 8.09% cap.
4. Retail Building in Aurora, CO: 59,707 SF big box retail building completed in 2006 part of Southland outdoor lifestyle center with 730,000 SF retail space and 170,000 SF office space.  90% NNN lased to The Men’s Warehouse and TJ Maxx/Michael’s. NOI $756K/yr. $11.2M. 6.75% cap.
5. Retail Center in Lawrenceville, GA: 19,400 SF eye-catching retail center completed in 2008 on 2.40 ac lot in fast growing Atlanta suburbs. Close to 353-bed Gwinnett Medical Center and Hwy-316. 100% NNN leased. NOI $224K/yr. $2.722M. 8.25% cap.
6. Strip Center in Dubuque, IA: 10,400 SF attractive strip center along major corridor in growing and middle-class area. Adjacent to Target & HY-Vee Supermarket center. 100% NNN leased to Aspen Dental, Verizon Wireless and Vision4Less. NOI $335K/yr. $3.949M. 8.50% cap.
7. Pizza Hut in Fairfield, CA: 1160 SF well maintained retail building constructed in 1992 in upper middle-class Northern California. 100% absolute NNN lease with 11-yrs left to strong franchisee with 81 units. NOI $55K/yr. $850K. 6.50% cap.
8. Office Building in Norwood, MA: 52,703 SF Class-B office building completed in 1996 on 3.51 ac lot in high income Boston metro with an AHI of $105K/yr in 3 mile radius. Close to Norwood Hospital and Hwy-1. 82% leased to seven professional tenants. NOI $280K/yr. $3.5M. 8% cap.
9. Retail Center in Santa Rosa, CA: 11,878 SF retail  center built in 1999 on nearly 1 ac lot North of San Francisco. Across from Raley’s Market and Ace Hardware center. 87% leased with good tenants mix. NOI $270K/yr. $4.2M. 6.44% cap.
10. See’s Candy in San Jose, CA: 8103 SF well maintained retail building along main retail artery in high income Silicon Valley. Close to Valley Fair, Santana Row, Santa Clara Valley Medical Center and I-280. Tenant has been at this location for over 30 yrs. 100% NNN lease with 3 yrs left. NOI $96K/yr. $1.4M. 6.90% cap.

            (c) Transmercial 2014