08-01: Freddy's Frozen Custard, Tire Kingdom, Boston Market Restaurant, Strip Centers

1. Retail Center in Mableton, GA: 11,319 SF well maintained retail center on 1.24 ac lot along major corridor in growing Atlanta suburbs. 78% leased. Actual NOI $125K/yr. $1.25M. 10% cap.
2. Office Building in Grand Rapids, MI: 11800 SF Class-B office building on over 1 ac lot at a busy thoroughfare  in growing and middle-class area. 90% NNN leased. Pro forma NOI $76K/yr. $766K. 10% pro forma cap.
3. Professional Building in Altamonte Springs, FL: 59,625 SF Class-B office building on 1.44 ac lot in Orlando suburbs. Close to340-bed Florida Hospital, Altamonte Mall  and with easy access to I-4. NOI $387K/yr. $5.85M. 6.63% cap.
4. Retail Building in San Francisco, CA: 13,200 SF well kept retail center at a corner location next/visible to Hwy-101. Across from Lowe’s. 100% NNN leased to Napa Auto Parts and Cabinet Company.  NOI $87K/yr. $1.85M. 4.75% actual cap.  9.34% pro forma cap.
5. Freddy’s Frozen Custard in San Antonio, TX: 3518 SF franchised restaurant constructed in 2008 on 1 ac lot. Adjacent to South Park Mall and I-35. Near Southwest General Hospital. 100% NNN lease with 9-yrs left. NOI $137K/yr. $1.93M. 7.12% Cap.
6. Retail Building in Chula Vista, CA: 4038 SF attractive retail building constructed in 1995 outparcel to Petsmart. In growing and high income (AHI $97K/yr) San Diego County. Close to Home Depot, Kmart, Costco and Regal Cinemas. NNN leases. NOI $94K/yr. $1.512M. 6.25% cap.
7. Tire Kingdom in Bradenton, FL: 5,850 SF Tire Kingdom on .65 ac lot across from Walmart supercenter. 10-yrs absolute NNN corp lease.  NOI $90K/yr. with 10% rent bumps every 5 yrs. $1.5M. 6% cap.
8. Retail Center in Plano, TX: 10,172 SF attractive retail center along Hwy-75 in fast growing Dallas suburbs. NNN leased to multiple tenants. NOI $252K/yr. $3.605M. 7% cap.
9. Boston Market in Albuquerque, NM: 3089 SF restaurant at a hard corner location on 1.67 ac outparcel to Sycamore Plaza, with Walmart, Smith’s Grocery and PetSmart. 100% absolute NNN lease with 13-yrs left. NOI $132K/yr with CPI annual rent bumps. $2.155M. 6.15% cap.
10. Strip Center in Cherry Hill, NJ: 6347 SF well maintained strip center along major artery in high income (AHI of $88K/yr within 1 mile) Philadelphia metro. Close to Cherry Hill Mall. 100% leased. NOI $84K/yr. $1.3M. 6.50% cap.

            (c) Transmercial 2014