07-25: Meineke, Burlington, Arby's, Long John Silver, Mixed-use

As there are more 1031 exchanges, Transmercial hopes you find the attached revised article helpful.

1. Shopping Center in Charlotte, NC: 69,857 SF attractive shopping center renovated in 2003 on over 11 ac lot in high income are with an AHI of $96K/yr in 1 mile. Anchored by 42,680 SF Bi-Lo’s grocery,  a regional tenant with over 200 stores.  Close to I-485. 97% leased. Price: best offer.
2. Retail Center in Odessa, TX: 8500 SF retail center built in 2011 on 1.52 ac outparcel to a Walmart Supercenter. 100% NNN leased Cato, RadioShack and Check ‘n Go. NOI $113K/yr. $1.413M. 8% cap.
3. Strip Center in Orlando, FL: 7500 SF attractive strip center built in 2006 on .68 ac lot at a signalized intersection. 100% NNN leased to long term tenants. NOI $131K/yr. $1.65M. 8% cap.
4. Meineke in Cincinnati, OH: 4288 SF auto repair center constructed in 1999 on .44 ac lot at a major retail artery. Close to Kenwood Towne Center and I-71. 100% absolute NNN lease with 4-yrs left. NOI $76K/yr. $957K. 8% cap.
5. Mixed-Use Center in Santa Ana, CA: 19,353 SF well maintained office/retail center on over 1 ac lot in densely populated Los Angeles area. Close to Hwy-55. NOI $266K/yr. $4.59M. 6% cap.
6. Office Building in Pleasanton, CA: 10,668 SF Class-B attractive office building in affluent San Francisco/Silicon Valley’s suburbs with an AHI of $128K/yr in 3 mile radius. 100% leased to multiple tenants. $2.1M. NOI/Cap N/A.
7. Shopping Center in Midland, TX: 24,492 SF well maintained shopping center in a growing and high income oil and gas town. 100% NNN leased. NOI $175K/yr. $2.19M. 8% cap.
8. Burlington Coat Factory in Santa Ana, CA: 58,450 SF single-tenant retail tenant on 5.32 ac lot in high-income & densely populated Orange County (AHI $81K/yr).  Near South Coast Plaza, the largest mall on the West Coast and I-405.  100% NNN corp lease to BCF with 5 yrs left.  NOI $1.029M. $14.7M. 7% cap.
9. Arby’s in Wake Forest, NC: 3702 SF Arby’s Restaurant on 1.80 ac outparcel to Walmart Supercenter in growing and high income Raleigh suburbs. Close to Hwy-1. 20-yrs absolute NNN lease. NOI $150K/yr with 5% rent bumps every 5-yrs. $2.4M. 6.25% cap.
10. Long John Silver in Florissant, MO: 2449 SF franchised sea food restaurant on .72 ac lot between Northwest Healthcare and I-270. New 20-yrs absolute NNN lease. NOI $86K/yr with 8% rent increases every 5-yrs. $1.239M. 7% cap.

            (c) Transmercial 2014