12-11: Starbucks, Subway, Dollar General, MOB, Retail Centers

1. Shopping Center in Brentwood, CA: 22,118 SF attractive shopping center built in 2008 on 2.51 ac lot at a major retail corridor in growing and high income Contra Costa County (East of San Francisco). Near Hwy-4. 92% leased to Wingstop, Verizon, Armed Forces Career Center, Royal Nail Salon, Salon Centric Beauty Supplies and Winnie Cuts. NOI $462K/yr. $7.1M. 6.51% cap.
2. Strip Center in Lithonia, GA: 8400 SF strip center on 1.58 ac outparcel to The Mall at Stonecrest in fast growing Atlanta suburbs. Close to I-20. Tenants include: T Mobile, All State Insurance, Liberty Tax Service and This is it Barbeque. 100% leased. NOI $143K/yr. $1.25M. 11.49% cap.
3. Retail Center in Arlington, TX: 18,750 SF well maintained retail center on 1.48 ac lot in fast growing Dallas/Fort Worth suburbs. 100% leased with national, regional and local tenants. NOI $192K/yr. $2.3M. 8.37% cap.
4. Retail Center in Tacoma, WA: 15,117 SF well kept retail center on 1.68 ac lot at a signalized location in Seattle suburbs. 100% NNN leased to ten tenants. NOI $281K/yr. $4.022M. 7% cap.
5. Starbucks & Subway in Tulsa, OK: 3580 SF attractive retail building renovated in 2004 on .61 ac lot in a fast growing area. 100% NNN leased to two national tenants. NOI $103K/yr. $1.472M. 7% cap.
6. Retail Building in Boca Raton, FL: 14,771 SF retail building on 1.26 ac corner lot in growing and affluent area North of Fort Lauderdale. 10-yrs NNN lease to Palm Beach Golf with 8-yrs left. NOI $201K/yr with 4% annual rent increases. $3.3M. 6.10% cap.
7. Dollar General in Chicago Heights, IL: 9100 SF Dollar General on nearly 1 ac lot along busy thoroughfare. 100% NNN lease. NOI $106K/yr. $1.738M. 6.25% cap.
8. Shopping Center in Tracy, CA: 30,210 SF eye-catching retail center on 2.79 ac outparcel to Home Depot and WinCo Foods Supermarkets. Adjacent to West Valley Mall and near I-205. NNN leased. Pro Forma NOI $384K/yr. $4.8M. 8% pro forma cap.
9. Strip Center in Garden Grove, CA: 6300 SF six-units mature strip center at a corner location. In densely populated (over 890,000 residents in 5 miles) and middle class city in Southern CA. 100% leased. NOI $81K/yr. $1.352M. 6% cap.
10.  MOB in Lehigh Acres, FL: 10,000 SF Class-B multitenant medical office building on over 1 ac lot in Fort Myers suburbs. Close to Lehigh Regional Medical Center. NOI $97K/yr. $1.25M. 7.80% cap.

            (c) Transmercial 2014