05-08: 99-Cents Only Store, Taco Bell, Staples, Office Building, Shopping Center

1. 99-Cents Only Store in Santa Maria, CA: 13,383 SF retail building renovated in 2012 on .89 ac lot in growing Southern California. Close to Hwy-101. 100% absolute NNN corp lease with 11-yrs left. NOI $189K/yr with a rent bump in 2019. $3.441M. 5.50% cap.
2. Taco Bell in Chandler, AZ: 2780 SF drive-thru fast food restaurant built in 2000 on .63 ac outparcel to Ocotillo Plaza in high income Phoenix suburbs. Across from Las Tiendas Village with Sprouts Famers Market and OfficeMax. 100% NNN lease with 4-yrs left. NOI $174K/yr. $2.187M. 8% cap.
3. Shopping Center in Cincinnati, OH: 61,876 SF attractive shopping center on 7.80 ac lot anchored by hhgregg Appliances, a regional chain and next to Kings Auto Mall and I-71 at major retail artery.  100% NNN leased. NOI $855K/yr. $11.353M. 7.50% cap.
4. Office Building in Grandville, MI: 17,000 SF Class-A multi-tenant office building on over 2 ac lot in Grand Rapids suburbs. NNN leases with long term tenants. NOI $79K/yr. $795K. 10% cap.
5. Staples in Centerville, OH: 24,049 SF retail building remodeled in 2005 along major retail artery in growing and upper middle-class Dayton suburbs. Between Walmart and Lowes. Close to Miami Valley Hospital and I-675. 9-yrs NNN recently extended lease. NOI $164K/yr. $2.1M. 7.85% cap.

            (c) Transmercial 2014