10-14: IHOP Restaurant, Omnicare, Retail Canters, Shopping Centers

1. IHOP in Orlando, FL: restaurant with recent $350K remodel  on an off/on ramp of I-4. Close to The Mall at Millennia and Universal Studios Florida. 24.2% increase in sales since 2011 (2014 expected sales revenue of $1.2M). 100% NNN lease with 3-yrs left to a strong franchisee with over 150 units. NOI $65K/yr with percentage rent increases. $963K. 6.80% cap. Note: tenant's recent remodel is an indication to lease renewal.
2. Omnicare in Coventry, RI: 21,600 SF single-tenant medical office building constructed in 1998 on 3 ac lot in growing Providence suburbs. Omnicare, a Fortune 500 tenant has been at this location since 1998. 100% NNN lease with 7-yrs left. NOI $137K/yr with 2% annual rent increases. $1.96M. 7% cap.
3. Retail Center in Sunnyvale, CA: 16,246 SF well maintained retail center along major artery in affluent (AHI $100K/yr) Silicon Valley. NOI $526K/yr. $10M. 5.26% cap.
4. Shopping Center in Livermore, CA: 41,525 SF well kept shopping center on 1.38 ac lot in growing high income (AHI $110K/yr in 3 mile radius) city East of San Francisco. Tenants include: include Prudential Real Estate, Valley Care Health Systems, Hair Salon, Dance Studio, Cafe, Yoga Studio, Toy Store and CPA. 96% leased. NOI $625K/yr. $8.995M. 6.75% cap.
5. Retail Center in Hurst, TX: 10,775 SF newly remodeled retail center on 1 ac lot in growing and affluent Dallas/Fort Worth suburbs with an AHI of $106K/yr in 1 mile. 100% NNN leased. NOI $127K/yr. $1.425M. 8% cap.
6. Neighborhood Center in Savannah, GA: 126,320 SF well kept shopping center on over 13 ac corner lot anchored by Save-A-Lot market. 85% leased. Actual NOI $897K/yr. $9.97M. 9% cap. Upside potential.
7. Shopping Center in Fresno, CA: 51,123 SF shopping center on over 4 ac lot at a signalized intersection at a busy retail thoroughfare. Close to Hwy-99. 88% NNN leased. NOI $691K/yr. $9.875M. 7% cap.
8. Strip Center in Orem, UT: 7500 SF attractive strip center in Salt Lake City suburbs. Close to University Mall. 67% NNN leased to Enterprise Rent a Car, Sensuous Sandwich, and EZ Loan. Actual NOI $83K/yr. $1.1M. 7.60% actual cap. Upside potential when fully occupied.
9. Shopping Center in Fenton, MI: 94,455 SF shopping center on over 9 ac corer lot anchored by VG’s Grocery in growing upper middle class Detroit suburbs. 82% NNN leased. Actual NOI $344K/yr. $4.193M. 8.22% cap. Upside potential.
10. Office Building in San Jose, CA: 13,920 SF well maintained office building on .73 ac lot in densely populated and affluent Silicon Valley. Close to Santa Clara Valley Medical Center and I-280. Leased to multiple tenants. NOI $180K/yr. $3M. 6% cap.

            (c) Transmercial 2014