04-29: Long John Silver's, Apartments, Christian Brothers Automotive, Retail Centers

1. Long John Silver’s in Harrisonburg, VA: 2500 SF well kept Long John Silver’s restaurant on .75 ac lot in high income area. Adjacent to Valley Mall, near James Madison University and I-81. New 20-yrs absolute NNN lease to strong regional franchisee with 14-units. NOI $73K/yr with 7.5% rent bumps every 5-yrs. $1.015M. 7.25% cap.
2. Retail Center in Houston, TX: 9920 SF attractive retail center on nearly 1 ac lot at a signalized location and along main retail artery. Close to West Oaks Mall. 100% NNN leased to Houston Urgent Care Center, MyDentist and Kolache Factory. NOI $232K/yr. $3.1M. 6% cap.
3. Shopping Center in Dayton, OH: 20,125 SF well maintained 8-units shopping center across from Dayton Mall. Near I-75/I-675. 100% NNN leased. NOI $139K/yr. $1.399M. 10% cap.
4. Retail Center in Kennewick, WA: 16,244 SF retail center built in 2003 on over 1 ac lot in a fast growing area. Between Costco and Columbia Center Mall. 92% leased. NOI $255K/yr. $3.45M. 7.41% cap.
5. Retail Center in Columbus, OH: 9953 SF attractive retail center on 1.52 ac outparcel to Kohl’s in high income area with ah AHI of $95K/yr in 3-miles. Close to Easton Town Center and I-270. 100% NNN leased to Starbuck's, Cork Restaurant, Regis Salons, New Albany Cleaners, Sprint, and First Watch Restaurant. NOI $117K/yr. $1.565M. 7.50% cap.
6. Apartments in Fresno, CA: 24-units 2-story multifamily complex between Fresno State University and Fashion Fair Mall. 100% occupied. NOI $97K/yr. $1.549M. 6.30% cap.
7. Shopping Center in Westminster, CO: 33,091 SF beautiful shopping center built in 2007 in fast growing Denver metro. 92% leased. NOI $571K/yr. $8.163M. 7% cap.
8. Christian Brothers Automotive in Saint Louis, MO: 4922 SF auto center built in 2008 on .69 ac lot at a main corridor. 100% NNN- corp lease with 9-yrs left. NOI $153K/yr with 1.5% annual rent bumps. $2.192M. 7% cap.

            (c) Transmercial 2014