04-11: Carl's Jr. MOB, Jack in the Box, Hi Falutin Western Grill, Office Park

1. Retail Center in Denton, TX: 70,310 SF attractive retail center on over 6 ac outparcel to Golden Triangle Mall, with Sears, Macy’s and more. In fast growing Dallas suburbs. Close to I-35E. Tenants include: Bed Bath & Beyond, Staples, Party City and Once Upon a Child. NOI $788K/yr. $10.721M. 7.35% cap.
2. Retail Building in Fresno, CA: 4714 SF attractive retail center built I 2006 at a signalized intersection. 100% NNN leased to T-Mobile and Raspados Café. NOI $112K/yr. $1.795M. 6.27% cap.
3. Carl’s Jr. in Vacaville, CA: 4027 SF well maintained fast food restaurant on .34 ac lo in upper middle-class Solano County (half way between San Fran and Sacramento). Close to Costco and I-80. 100% NNN corp recently extended lease with 5-yrs left. NOI $99K/yr. $1.72M. 5.76% cap.
4. Office Park in McKinney, TX: 56,000 SF consisting of three attractive buildings completed in 2007 on 3.66 ac lot in growing (470% pop growth since 2000) and affluent (AHI $136K/yr in 1 mile) Dallas metro. 100% leased. NOI $879K/yr. $11.725M. 7.50% cap.
5. MOB in Boise, ID: 10,942 SF Class-B medical office building on .59 ac lot adjacent to St Alphonsus Regional Medical Center and I-184. Close to Boise Towne Square Mall with over 186-stores. 100% leased to multiple medical practices. NOI $104K/yr. $1.225M. 8.50% cap.
6. Retail Center in Sarasota, FL: 14,725 SF retail center built in 1990 on 1+ ac lot in growing area South of Bradenton. 92% NNN leased with great tenant mix. Actual NOI $149K/yr. $1.995M. 7.50% actual cap. Upside potential.
7. Jack in the Box in San Jose, CA: 2400 SF Jack in the Box at a hard corner location in high income Silicon Valley with an AHI of $127K/yr in 1 mile. Easy access to Hwy-85/101. 100% NNN ground lease (land for sale) with 5-yrs left. NOI $190K/yr. $3.465M. 5.50% cap.
8. MOB in Henderson, NV: 6146 SF Class-B medical office building constructed in 1996 on .81 ac lot in high income (AHI $94K/yr) Las Vegas suburbs. 100% NNN lease with 5-yrs left to a strong tenant with 53 Southern Nevada locations. NOI $111K/yr with 3% annual rent increases. $1.59M. 7% cap.
9. Retail Center in Oviedo, FL: 12,000 SF attractive retail center on 1.20 ac lot along main artery in Orlando suburbs. Close to Oviedo Mall. 93% leased.  NOI $138K/yr. $1.75M. 7.89% cap.
10. Hi Falutin Western Grill in Tucson, AZ: 3300 SF restaurant built in 2002 on .65 ac lot along major corridor in high income area. 100% NNN lease with 5-yrs left. NOI $78K/yr with annual rent increases. $850K. 9.20% cap.

           

            (c) Transmercial 2014