04-15: Forever 21, Shari's Restaurant, Strip Centers, Retail Centers

1. Shopping Center in Lancaster, CA: 32,662 SF remodeled shopping center on 2.37 ac lot anchored by Dollar Tree in growing Southern California. Pro forma NOI $307K/yr. $4.495M. 6.84% pro forma cap.
2. Retail Center in San Leandro, CA: 18,963 SF consisting of two well maintained retail buildings on 1.74 ac lot in middle class Silicon Valley. Close to San Leandro Hospital and Bayfair Center. 100% leased. NOI $143K/yr. $2.388M. 6.01% cap. Just $125/SF!
3. Forever 21 in El Paso, TX: 83,868 SF single-tenant retail building on an outparcel to 922,000 SF Sunland Park Mall. On a on/off ramp of I-10.  100% NNN leased to Forever 21 with 7 yrs left.  NOI $302K/yr. $3.784M. 8% cap.
4. Strip Center in Phoenix, AZ: 9800 SF attractive strip center built in 2004 on 1.27 ac corner lot along main thoroughfare. Close to I-17. 100% leased. NOI $154K/yr. $1.995M. 7.75% cap.
5. Retail Center in Bryan, TX: 17,223 SF well kept retail center on 1.39 ac lot at a signalized intersection close to St Joseph Regional Health Center. Across from H-E-B Supermarket anchored center. 100% leased. NOI $164K/yr. $1.95M. 8.42% cap.
6. Retail Center in Duluth, GA: 10,875 SF attractive retail center on .48 ac lot in high income Atlanta metro with an AHI of $118K/yr in a 3 mile radius. Along Hwy-120. NNN leased. NOI $90K/yr. $1.075M. 8.40% cap.
7. Retail Building in Boca Raton, FL: 6500 SF strip center in high income Fort Lauderdale suburbs. 100% leased. NOI $136K/yr. $1.65M. 8.29% cap.
8. Retail Center in Blue Springs, MO: 9400 SF 6-units retail center at a major retail artery in Kansas city metro. Across from Walmart and Home Depot. Close to Adams Dairy Landing Power Center with Target, ROSS Dress For Less, T-J-Maxx and Home Goods. 89% NNN leased. NOI $128K/yr. $1.6M. 8% cap.
9. Shari’s in West Linn, OR: 3950 SF Shari’s Restaurant on over 1 ac lot in affluent (AHI $118K/yr) Portland suburbs. Close to I-205. 20-yrs absolute NNN corp lease with 3-yrs left. NOI $73K/yr with 2% annual rent bumps. $1.01M. 7.25% cap.
10. Strip Center in Wildomar, CA: 9588 SF recently constructed strip center on 1.51 ac lot in growing (92.66% pop growth since 2000) and high income (AHI $121K/yr in 1 mile) Riverside County. Close to Inland Valley Medical Center and I-15. 100% NNN leased to two tenants. NOI $150K/yr. $2.225M. 6.75% cap.

            (c) Transmercial 2014