08-22: Citibank, Carl's Jr./Green Burrito, Wendy's, Shopping Centes

1. Citibank in Richmond, CA: 4677 SF Citibank at a hard corner location in Contra Costa County. Close to Target and I-80. 10-yrs absolute NNN lease. NOI $130K/yr with 1.5% annual rent increases. $2.62M. 5% cap.
2. Retail Center in Belvidere, IL: 23,959SFattractive retail center in growing Rockford suburbs. All units face main corridor. 100% leased to national/local tenants. NOI $385K/yr. $4.06M. 9.50% cap.
3. Carl’s Jr./Green Burrito in Hanford, CA: 4203 SF attractive fast food restaurant on .70 ac outparcel to Orchard Supply, Factory 2—U, 99 Cents Store and Staples. 100% NNN corp lease. NOI $118K/yr. $2.26M. 5.25% cap
4. Shopping Center in Katy, TX: 21,210 SF shopping center built in 2003 in growing and high income Houston metro with an AHI of $155K/yr in 1 mile. Close to Hwy-99. 100% leased. NOI $419K/yr. $4.95M. 8.47% cap.
5. Strip Center in Westminster, CO: 6362 SF attractive strip center constructed in 2008 in growing Denver suburbs. Across from top-performing Walmart Supercenter. Tenants include: Little Caesar’s Pizza, Quizno’s, Super Cuts and KW Liquor Market. NOI $144K/yr. $2.226M. 6.5% cap.
6. Wendy’s in Scottsdale, AZ: 3478 SF Wendy’s restaurant renovated in 2013 on .87 ac  outparcel to Fry’s Grocery in high income Phoenix suburbs. Close to Power Center with Home Depot, DSW, Best Buy and Barns & Noble. Near Scottsdale HLTH Shea Medical Center and Hwy-101. 20-yrs NNN corp lease with 8-yrs left. NOI $143K/yr. $2.876M. 5% cap. 
7. Shopping Center in Indianapolis, IN: 85,062 SF well maintained shopping center constructed in 1995 anchored by Shoe Carnival along Hwy-31. 100% leased. Near Greenwood Park Mall. NOI/Price/Cap N/A.
8. Retail Center in Midvale, UT: 28,889 SF well kept retail center on 2.46 ac lot in growing Salt Lake City suburbs. Close to I-15. 96% NNN lease. NOI $337K/yr. $4.215M. 8% cap.

(c) Transmercial 2014