10-13: Carinos Italian Restaurant, Motel, Del Taco, Taco Bell, Chevron service station, Office Max, Rite Aid

1. Retail Center in Orlando, FL: 9120 SF well maintained retail center on over 1 ac lot at a major corridor adjacent to Florida Mall. 100% NNN leased. Pro forma NOI $148K/yr. $1.999M. 7.40% cap.
2. Carinos Restaurant in El Paso, TX: 6257 SF Italian Restaurant completed in 1995 on 1.79 ac lot in a growing border City. Next to 1,150,000 SF Southland Park Mall. Easy access to I-10. 100% NNN lease with 8-yrs left. NOI $190K/yr. $2.715M. 7% cap.
3. Retail Center in Altoona, IA: 33,379 SF attractive retail center on nearly 5 ac lot in upper middle-class (AHI $82K/yr) Des Moines suburbs. Near Walmart, Target, Lowe’s, Menard’s and Hwy-65. 95% NNN leased. NOI $413K/yr. $4.868M. 8.50% cap. Upside potential.
4. Motel in San Francisco, CA: 67-room well kept motel at a corner location close to tourist attractions. $8.35M.
5. Del Taco in Bakersfield, CA: 2164 SF Del Taco restaurant constructed in 1998 on nearly 1 ac lot on an off/on ramp of Hwy-99. 100% absolute NNN lease with 5-yrs left. NOI $166K/yr. $2.375M. 7.01% cap.
6. Taco Bell in Warren, MI: 2252 SF drive-thru fast food restaurant built in 1992 on .60 ac lot at a major artery in Detroit suburbs. 100% absolute NNN lease with 4-yrs left to a strong franchisee with over 120-units. NOI $82K/yr with a 2% rent bump in 2016. $1.1M. 7.51% cap.
7. Office Max in Round Lake Beach, IL: 23,500 SF single-tenant retail building at a major retail corridor in a growing and upper middle-class Chicago suburbs. 100% NNN recently extended lease with 6-yrs left. NOI $229K/yr. $2.95m. 7.77% cap.
8. Chevron Gas Station and Retail Building in Modesto, CA: 2806 SF remodeled gas station and retail building on .66 ac lot at a signalized location . Also leased by Car Detailing and Smog Center. Across from Target center. 100% NNN leased. NOI $140K/yr. $1.6M. 8.75% cap.
9. Strip Center in Menlo Park, CA: 9180 SF completely remodeled strip center along El Camino Real in affluent (AHI $121K/yr) Silicon Valley area. 100% leased. NOI $213K/yr. $3.55M. 6% cap.
10. Rite Aid in Englewood, OH: 10,004 SF Rite Aid Pharmacy at a hard corner location in growing Dayton suburbs. Across from Kroger grocery store. Tenant has been at this location since 1995. 100% NNN recently extended corp lease with 6-yrs left. NOI $142K/yr. $1.841M. 7.75% cap.

            (c) Transmercial 2014