10-24: Buffalo Wild Wings, Dollar General, Auto center, Starbucks, MOB, Shopping centers

1. Buffalo Wild Wings Casselberry, FL: 8100 SF restaurant completed in 2007 on 2 acres outparcel at a signalized intersection on SR 436, one of the busiest arteries in Orlando with over 80,000 cars passing by.  100% NNN corp lease till 2024.  NOI $137K/yr with 10% rent bumps every 5 yrs. $2.292M. 6% cap. Note: priced below construction costs.
2. Dollar General in Lithia Springs, GA:  9025 SF Dollar store built in 2012 on 1.4 ac lot in Atlanta metro. 100% absolute NNN corp lease with 13 yrs left.  NOI $104K/yr. $1.636M. 6.4% cap.
3. Shopping Center in Corpus Christi, TX: new 20,000 SF shopping center on 3.4 ac outparcel to a new Walmart supercenter.  100% NNN leased to 9 tenants.  NOI $444K/yr. $5.514M. 8.05% cap.
4. Shopping Plaza in Sacramento, CA: 14,432 SF retail center on a corner lot.  100% leased to 4 tenants including Panera Bread.  NOI $362K/yr. $5.75M. 6.3% cap.
5. Neighborhood Retail Center in Garland, TX: 100,925 SF center on 10.3 ac lot in Dallas metro.  Anchored by Texas DPS Drivers License Mega Center and Jumping World USA. 78% leased.  NOI $591K/yr.$6.958M. 8.5% cap  Upside potential.
6. Premier retail center in San Bernardino, CA: 5053 SF strip mall on an outparcel to 1.69 million SF and 153-acres Tri-City Corporate Centre with Costco, Sam's Club and Best Buy, along with LA Fitness, La Curacao, Home Depot, Staples, In-N-Out, Outback Steakhouse, Mimi' s Café, Chuck E. Cheese' s and Buffalo Wild Wings.  100% NNN leased to 3 brand name tenants: Supercuts, Five Guys and Togo' s.  NOI $134K/yr. $2.394M. 5.6% cap.
7. Auto Center in Rancho Cucamonga, CA: 17,324 SF 4-unit auto service center built in 2005 on 1.43 ac lot in middle class area. 87% NNN leased to 3 tenants: Meineke, AA smog Center and Elite One Auto Collision center with very low rent of less than $.75/SF.  Pro forma $151K/yr. $2.15M. 7.1% cap. 
8. Adult Daycare center in Corona, CA: 8000 SF adult daycare center on .85 ac lot in affluent area with AHI of $128K/yr in 1 mile.   7 yrs lease renewal to an established adult health care facility with over 20 years of operating history within this same retail center.  NOI $150K/yr. $2.37M. 6.32% cap.
9. Starbucks in Missoula, MT: new 1920 SF Starbucks on 1/2 ac lot.  New 10 yrs NNN-.  NOI $97K/yr with 10% rent bumps every 5 yrs.  $1.772M. 5.5% cap.
10. MOB in Albuquerque, NM: 4713 SF medical office building on 1/2 ac lot in high income area.  100% leased to 2 medical tenants: Spine Surgery, and First Health. NOI $78K/yr. $1.2M. 6.48% cap.

            (c) Transmercial 2014