07-11: O'Reilly, Planet Fitness, School, Cyccle nation, Walgreens, Hotel

1. O'Reilly Auto Parts in Atlanta, GA: 8000 SF auto parts store built in 2005.  15 yrs NNN- corp lease with 7 yrs left.  NOI $65K/yr. $964K. 6.75% cap.
2. Planet Fitness Center in Springfield, MO: 50,250 SF fitness center built in 1994 on 4 ac lot.  100% NNN leased to Price Cutter Grocery with 46 store till 2014.  Currently sub-leased to Planet Fitness.  NOI $225K/yr.  $2.812M. 8% cap.  Just $56/SF! and low rent of $4.50/SF/year.
3. Culinary Institute in Scottsdale, AZ: 18,035 SF highly-rated Arizona Culinary Institute built in 2001with 5 professionally designed kitchens, and the student run du Jour Restaurant. ACI has been here since 2001.  100%  NNN lease with 10 yrs left.  Average NOI $264K/yr. $3.3M. 8.6% average cap.
4. Cycle Nation in Huntsville, AL: 30,550 SF single-tenant retail center built in 1997 on 2.58 ac lot in high income area.  20 yrs absolute NNN lease with about 10 yrs left to Cycle Nation, a motorcycle & accessories dealer.  NOI $193K/yr. $2.497M. 7.75% cap.
5. Walgreens in Fort Worth, TX: 13,905 SF drug store built in 1999 on 1.8 ac corner lot.  100% NNN- lease till 2029. NOI $289K/yr.  $5.269M.  5.5% cap.  Store with 12+M in sales ranked top 2-3% of all Walgreens stores in sales.
6. Apartments in Atlanta, GA: 86-unit apartments with total 105,814 SF on 8.7 ac lot in revitalized South Atlanta area. Constructed with durable brick exteriors and pitched roofs. Located near major employment hubs. Within walking distance to Therell High School and Kimberly Elementary.  64% occupied.  NOI $162K/yr. $2.1M. 7.75% cap.  Just over $24K/unit.  Upside potential.
7. Shopping Center in Rio Rancho, NM: 43,230 SF big box next to Intel Campus.  Shadow anchored by Big K. 69% leased to Big Lots!.  NOI $200K/yr. $3M. 6.6% cap.  Upside potential when fully leased.
8.  Ascot Suites Hotel in Morro Bay, CA: 32-room boutique style hotel just 1 block from the bay in a coastal town.  Rate 3 diamond by AAA and 4 stars on Yelp and Trip Advisor.  NOI $495K/yr. $6.195M. 8% cap.
9. Shopping Plaza in Mount Clemens, MI: 26,580 SF shopping plaza built in 2006 in 4.35 acres lot in middle-class Detroit suburbs. Anchored by Dollar General.  100% leased.  NOI $282K/yr. $3.125M. 9% ca

(c) Transmercial 2014