09-10: Dollar Store, Fletcher Hills Auto & Smog, Burger King, Golden Corral, MOB

1. Dollar Store in Sunrise, FL: 3445 SF attractive retail building on .29 ac lot along main road in Fort Lauderdale suburbs. New 10-yrs NNN lease. NIO $94K/yr. $1.3M. 7.30% cap.
2. Fletcher Hills Auto & Smog in El Cajon, CA: 5448 SF well kept single tenant auto center at a corner location in San Diego suburbs. Close to Westfield Parkway, Fwy-67 and I-8. New 10 yrs lease. NOI $74K/yr. $1.15M. 6.50% cap.
3. MOB in San Jose, CA: rare 19,137 SF Class-B medical office building on 2.38 ac lot in a high income area. On an off/on ramp of I-280. Close to Westgate Center and 574-bed Santa Clara Valley Medical Center. 81% occupied by medical & dental tenants. $6.25M. NOI/Cap N/A.
4. Retail Center in Wall Township, NJ: 15,200 SF attractive retail center constructed in 2003 on 6.25 ac lot in a high income (AHI $101K/yr in 3 miles) coastal city in Philadelphia suburbs. 100% NNN leased. NOI $358K/yr. $5.5M. 6.5% cap..
5. Strip Center in Riverside, CA: 9225 SF strip center built in 2005 on 1.25 ac outparcel to Canton Springs Plaza with Target, Walmart PetSmart and Pier 1 Imports. Across from Moreno Valley Mall and near Fwy-60. 100% leased. NOI $267K/yr. $4.65M. 5.76% cap.
6. Burger King in San Antonio, TX: 2908 SF franchised fast food restaurant constructed in 2006 on .48 ac lot at a hard corner location. Across from Walmart Supercenter. Close to Mission Trail Baptist Hospital and I-37. 100% absolute NNN lease till 2032. NOI $100K/yr with 7% rent bumps every 5-yrs. $1.667M. 6% cap.
7. Apartments in Tacoma, WA: 21-units well maintained apartment complex on .59 ac lot in a fast growing area. Close to Tacoma Mall. NOI $97K/yr. $1.445M. 6.78% cap.
8. Power Center in Rock Hill, SC: 132,629 SF shopping center on 14 acres of land anchored by 68,890 SF Kohl’s and 58,439 SF Hobby Lobby in Charlotte suburbs. Adjacent to Rock Hill Galleria Mall. 100% NNN leased. NOI $1.125M. $14.07M. 8% cap.
9. Golden Corral in Grapevine, TX: 10,204 SF buffet restaurant on nearly 2 ac outlot to Grapevine Mill Mall in fast growing Dallas/Fort Worth suburbs. 100% leased. NOI $179K/yr. $2.5M. 7.19% cap.
10. Retail Center in Hillsboro, OR: 29,515 SF attractive retail center on 1.93 ac lot along Hwy-8 in Portland suburbs. 66% leased. Actual NOI $220K/yr. $2.94M. 7.50% actual cap. Upside potential when fully leased.

            (c) Transmercial 2014