06-30: Business Center, Family Dollar, Jack in the Box, MOB, Office Building

1. Business Center in Columbus, OH: 99,553 SF Class-A business center constructed in 1998 close to I-270 in upper middle class area with AHI $90+K/yr. Tenants include: Open Text, OSU Physicians, OSU Internal Medicine, Omega, Salon Lofts and Pediatric Physicians. 75% leased with two vacancies. NOI $780K/yr. $12M. 7% actual cap. Upside potential when fully leased.
2. Dental Office Building in Sacramento, CA: 14,992 SF well maintained multi-tenant dental office building on .73 ac lot. Near UC Davis Medical Center, Hwy-50 and I-80. 100% NNN leased. NOI $215K/yr. $3M. 7.17% cap.
3. Family Dollar in Chattanooga, TN: 10,000 SF expanding Family Dollar store on .80 ac corner lot. Tenant has been at this location since 2001. 11-yrs NNN- lease. NOI $107K/yr. $1.47M. 7.30% cap.
4. Retail Center in Appleton, WI: 15,000 SF well kept retail center built in 1990 on 1½ ac lot. Near Fox River Mall and Hwy-41. 100% NN leased. NOI $224K/yr. $2.8M. 8% cap.
5. Jack in the Box in Antioch, CA: 2624 SF attractive drive-thru restaurant on nearly 1 ac outparcel to Walmart in Northern CA. Adjacent to Antioch WaterPark. Close to Kaiser Permanente and Sutter Delta Medical Center. 100% absolute NNN lease with 6-yrs left. 2015 NOI $140K/yr. $2.8M. 5.40% cap.
6. Shopping Center in Charlotte, NC: 40,242 SF attractive shopping center on over 3 ac lot anchored by 30,092 SF Food Lion grocery in a high income (AHI $89K/yr) area. Adjacent to 107,504 SF Galleria Shopping Center, anchored by Walmart, Dollar Tree and Party City.  97% leased. NOI $261K/yr. $3.25M. 8% cap.
7. Shopping Center in Duluth, GA: 24,500 SF eye-catching shopping center built in 2000 on 2.52 ac lot at a signalized corner location. Close to Gwinnett Place Mall and I-85. 100% NNN leased. NOI $590K/yr. $7.3M. 8.10% cap. Buyer to assume $5.731M loan at 5.9% interest rate due in 2017.
8. Strip Center in Boardman, OH: 7540 SF renovated strip center on .42 ac lot across from Southern Park Mall in Youngstown suburbs. 100% NNN leased. NOI $78K/yr. $919K. 8.50% cap.
9. Office Building in Westerville, OH: 48,805 Class-B office building. Near Polaris Fashion Place and I-71. All units face main thoroughfare. 100% NNN leased. NOI $381K/yr. $4.3M. 8.87% cap.
10. MOB in Sterling, VA: 18,960 SF Class-B medical office building on 1.63 ac lot in growing and affluent (AHI $132K/yr in 3 mile radius) Washington MSA. 84% leased to multiple tenants. NOI $240K/yr. $3.2M. 7.50% cap.

            (c) Transmercial 2014