04-16: Walgreen's, Family Dollar, Fallas Discount Store, Fox and Hound

1. Walgreen’s in Villa Park, IL: 12,154  SF Walgreens built in 1997 on 1.19 ac lot across from Jewel-Osco grocery in high income Chicago metro. 100% NNN- corp lease with 5+ yrs left.  Store with strong sales revenue of $7.5M (est.) NOI $419K/yr. $4.9M. 8.55% cap.  
2. Shopping Center in Orlando, FL: 25,116 SF shopping center renovated in 2005 on 2.64 acres lot across from The Florida Mall. Tenant include: Dollar Tree, Computer Renaissance, Metro PCS, Amscot and International Diamond Center. 100% NNN leased. NOI $493K/yr. $5.775M. 8.54% cap.
3. Shopping Center in Antioch, CA: 74,616 SF shopping center on 7.54 acres anchored by 49,993 SF Save Mart supermarket and close to Hwy-4 in San Francisco metro. 85% leased. NOI $572K/yr. $8.5M. 6.74% cap. Upside potential.  
4. Family Dollar in Memphis, TN: brand-new 8000 SF single-tenant retail building on .99 ac lot next to Wal-Mart and Kroger anchored center. 10 yr NNN- corp lease. NOI $100K/yr. $1.219M. 8.25% cap.
5. Fallas Discount Store in Hanford, CA: 19,300 SF single-tenant retail center built in 1994 on 2+ ac lot in a growing town in San Joaquin Valley.  Adjacent to 99 Only Store, Staples and OSH. 100% NNN corp lease with 9+ yrs left (same owner as Factory 2 U, NASDAG: FTUS). Store with 5yrs history of increasing sales. NOI $135K/yr. $1.93M. 7% cap.  
6. Retail Center in Hillsboro, OR: 12,720 SF retail center built in 2001 in affluent (AHI $115K/yr) Portland metro. Along main thoroughfare with big pylon sign. 100% NNN leased to 6 tenants with low rents. NOI $185K/yr. $2.2M.8.43% cap.  
7. Fox and Hound in Tucson, AZ: 11,638 SF Fox and Hound Sports Grille restaurant built in 2002 on .86 ac outparcel to Wal-Mart and next to Foothills Mall. 20 yrs absolute NNN corp lease with 10 yrs left to regional chain. NOI $199K/yr with CPI rent increases. $2.75M. 7.26% cap. 
8. Retail Center in Fort Mill, SC: 18,000 SF beautiful in-line retail center built in 2006 next to Hwy-160 and near I-77. In growing & middle-class Charlotte suburbs. 100% leased to 12 tenants. NOI $321K/yr. $3.65M. 8.80% cap.  
9. Retail Center in Crystal Lake, IL: 7738 SF newly constructed retail center across from Crystal Point: a 325,000 SF center anchored by Best Buy, Office Depot, K-Mart, Bed Bath & Beyond and World Market. 100% NNN leased to Visionworks, Verizon and CD One Price Cleaners. NOI $226K/yr. $2.833M. 8% cap.  
10. Office Building in El Cajon, CA: 12,354 SF well-maintained 3-story office building on .61 ac lot in upper middle-class San Diego metro. Close to I-8. 100% leased to national tenants. NOI $167K/yr. $2.55M. 8.25% cap.

© Transmercial 2012

04-13: Jack in the Box, Days Inn & Suites, Jiffy Lube

1. Shopping Center in San Mateo, CA: 13,639 SF retail center on 1+ ac lot in affluent San Mateo city.  Shadow anchored by Walgreens.  100% NNN leased to 5 national/regional tenants: Massage Envy, Little Caesar, Weight Watcher, Scottrade, and Sola Salon.  NOI $405K/yr. $6.25M. 6.5% cap. 
2. Jack in the Box in Rowlett, TX: 2800 SF free-standing restaurant on .96 ac lot at major retail corridor in high income Dallas suburbs. 100% absolute NNN lease with 27 yrs left.  2011 sales $1.194M. NOI $114K/yr with 10% rent increases every 5 yrs. $1.727M. 6.60% cap.  
3. Shopping Center in Suwanee, GA: 68,400 SF upscale shopping center built in 2006 anchored by Office Depot in affluent Atlanta suburbs (AHI $105K/yr). Near Wal-Mart Supercenter and Lowe’s. 81% leased. NOI $655K/yr. $7.8M. 8.40% cap.  
4. Days Inn & Suite in Houston, TX: 85-unit motel built in 2001 on 1.65 ac lot with frontage and off-of I-45 exit. Amenities include: Outdoor Swimming Pool, Jacuzzi Suites, Fitness Center and Meeting Room. $2.895M. Only $34K per room.  
5. Shopping Center in Salinas, CA: 24,732 SF shopping center built in 1998 along Hwy-101. Close to Northridge Mall and Auto Center. In middle class town 40 minutes from Silicon Valley. 94% leased. NOI $471K/yr. $7.15M. 6.60% cap. 
6. Shopping Center in Houston, TX: 30,000 SF shopping center constructed in 2004 on 2+ ac lot across from Fiesta Supermarket anchored center. All tenants are facing main thoroughfare. 100% NNN leased to 11 tenants. NOI $320K/yr. $3.2M. 10% cap.  
7. Jiffy Lube in San Leandro, CA: 3584 SF Jiffy Lube completely renovated in 1990 on .25 ac lot on the busy Hesperian Blvd. Close to Bayfair Center and I-580 in Northern CA. 100% absolute NNN lease with 8 yrs left. NOI $67K/yr with 2½% annual rent increases. $1.085M. 6.25% cap.  
8. Retail Center in Sacramento, CA: 24,085 SF 9-units retail center on 2+ ac lot across from Florin Towne Center with excellent access to Hwy-99. 72% leased. NOI $263K/yr. $2.695M. 9.8% proforma cap.  
9. Strip mall in Concord, CA: 2894 SF free-standing retail building on .32 ac lot in high income San Francisco Bay area (AHI $90K/yr). 100% NNN leased to Starbucks Coffee (corp lease) & Kumon Learning Center. NOI $100K/yr. $1.99M. 5.06% cap. 
10. Retail Center in Richmond, TX: 11,943 SF newly constructed shopping center on 1.60 ac lot along main thoroughfare. In growing (399% since 2000) and upper middle-class (AHI $78K/yr in 1 mile) Houston suburbs. NOI $294K/yr. $3.675M. 8% cap.

© Transmercial 2012

04-12: Advance Auto, Panda Express, Steak N Shake, Rite Aid, Jiffy Lube

1. Advance Auto Parts (S&P BBB-) in Jenison, MI: 7000 SF Advance Auto Parts store built in 2005 on 1+ ac outparcel to Meijer supermarket at densely retail corridor and near I-196.  High income area. 100% NNN- lease till 2020. NOI $128K/yr with a 10% rent bump in 2015. $1.64M. 7.84% cap. Buyer to assume $1.046M loan at low 5.72% interest rate. 
2. Panda Express in Crestwood, IL: 2488 SF drive-thru restaurant built in 2007 on .76 ac lot next to Walgreen’s anchored center and Rivercrest Shopping Center in Chicago metro. 20 yrs absolute NNN corp ground lease (land is for sale, tenant owns the building) with 15 yrs left. NOI $76K/yr with 10% rent increases every 5 yrs. $1.274M. 6% cap. 
3. Steak ‘n Shake in Cincinnati, OH: 4544 SF dinner-style restaurant across from Tri-County Mall at main retail corridor. In fast growing and middle-class area. Tenant built new structure in 2004 and has occupied this location for 30+ yrs.100% NNN leased till 2016. NOI $54K/yr. $700K. 7.8% cap. 
4. Rite Aid in Belleville, MI: 12,500 SF Rite Aid on 1.40 ac lot at hard corner location 2 blocks from Ford Motor Company. Among top performing stores in MI. 100% absolute NNN lease with 13 yrs left. NOI $306K/yr with rent increases every 5 yrs. $3.602M. 8.50% cap.  
5. O’Reilly Auto & Dollar Tree in White Lake, MI: 21,600 SF two-tenant retail building on 2.37 ac lot at high income area. 100% NNN leased by 2 national tenants. NOI $159K/yr. $1.83M. 8.70% cap.  
6. Strip Mall in Norwalk, CA: 9946 SF strip center built in 1985 on .83 ac lot near I-5 in densely populated city in Los Angeles. Area with high barrier to entry. 100% NNN leased. NOI $165K/yr. $2.15M. 7.7% cap.  
7. Rite Aid in Royal Oak, MI: 11,520 SF pharmacy built in 1989 on .87 ac lot at a hard corner location. High volume location with low rent to sales ratio. 100% NNN- lease with 7 yrs left. NOI $152K/yr.  $1.6M. 9.50% cap. 
8. Office Building in Rocklin, CA: 12,266 SF single-tenant office building constructed in 2001 on 1+ ac lot in Sacramento suburbs. Strong demographics: high growth and high income. 100% NNN lease to Phoenix Childrens Academy Inc., a national tenant with operations in 14 states. NOI $281K/yr with 12% rent increases every 5 yrs including options. $2.741M. 10.26% cap.  
9. Retail Center in Mesa, AZ: 13,261 SF retail center built in 1999 on 1.78 ac lot across from Power Square. Close to Superstition Spring Center and Fwy-60. 86% NNN lease with only one vacancy. NOI $191K/yr. $2.46M. 7.79% cap. 
10. Jiffy Lube in Concord, CA: 4170 SF 3-service bay auto center completely renovated in 2009 on .36 ac lot. In high income (AHI $96K/yr in 3 miles) Concord/Pleasant Hill area. 100% absolute NNN lease to Jiffy Lube International with 8 yrs left. NOI $125K/yr with 2½% annual rent increases. $2.015M. 6.25% cap. 

© Transmercial 2012

04-11: CVS Pharmacy, Advance Auto Parts, Rite Aid, MOB, Tire Works

1. CVS Pharmacy in Chattanooga, TN: 10,055 SF CVS store built in 2003 on 1.93 ac lot at a signalized location near Hamilton Place and I-75. 20 yr NNN- corp lease with 11+ yrs left. NOI $216K/yr. $3.111M. 7% cap.  
2. Advance Auto Parts in Houston, TX: 7000 SF auto parts center built in 2008 across from Kroger anchored center in densely populated area. 15 yrs NNN lease with 11 yrs left. NOI $125K/yr. $1.518M. 8.25% cap.  
3. Shopping Center in Lake City, GA: 91,794 SF shopping center on 12.66 acres of land near Clayton State University in fast growing Atlanta metro. Anchored by recently renovated Kroger Supermarket. Tenants include: Dollar Tree, CATO Fashions, H&R Block and The UPS Store.  97% NNN leased. NOI $894K/yr. $12.7M. 7.04% cap.  
4. Retail Center in Hanover, MA: 29,476 SF retail center on 8 acres lot in high (AHI $132K/yr) Boston suburbs. Near Hwy-13 exit and Hanover Mall. 100% NNN leased to Savers, a discounted oriented retailer and Peter Harris Clothes. NOI $422K/yr. $5.2M. 8.12% cap. 
5. Retail/Office Center in Margate, FL: 24,500 mix-used center near Northwest Medical Center in  Fort Lauderdale area. 100% leased. NOI $246K/yr. $3M. 8.20% cap.  
6. Tire Works in Las Vegas, NV: 6832 SF auto repair center in 2005 on .76 ac lot  in fast growing (1046% since 2000) and high income (AHI $88K/yr) neighborhood. 15 yrs NNN lease with 7 yrs left. NOI $157K/yr with 12% rent increases in years 11 & 15. $2.199M. 7.18% cap.  
7. MOB in San Diego, CA: 5488 SF well-maintained 2-story medical office building constructed in 19981 in densely populated city. 86% leased to 3 tenants with just 700 SF unit vacant. NOI $84K/yr. $1.16M. 7.30% cap. 
8. Strip Center in West Valley City, UT: 11,300 SF strip center built in 2002 shadow-anchored by The Home Depot and Smiths Grocery. 100% NNN leased to excellent tenant mix: Panda Express, Dental office, T-Mobile, Game Stop, Smoke Shop and Fantastic Sams. NOI $212K/yr. $2.837M. 7.5% cap.  
9. Retail/Office Center in Clifton, NJ: 6000 SF 2-story mix-used building at a hard corner location next to State Pkwy-154 in high income New York suburbs. 100% leased. NOI $86K/yr. $1.075M. 8% cap. 
10. Rite Aid in Ocean Springs, MS: 10,752 SF Rite Aid Pharmacy built in 1998 across from Ocean Springs Hospital.  In affluent (AHI $109K/yr in 1-mile) coastal town. 100% NNN- corp lease with 7 yrs left. NOI $211K/yr. $2.5M. 8.45% cap.

© Transmercial 2012

04-10: Burger King, Anchored Shopping Centers

1. Retail Center in Lufkin, TX: 18,638 SF retail center built in 2006 on 2.33 ac lot shadow anchored by Walmart Supercenter and Sam’s Club. 100% NNN lease to national/local tenants. NOI $329K/yr. $3.987M. 8.25% cap. 
2. Strip Center in Richmond, TX: 16,064 SF attractive strip center on 2.24 acres lot between Walgreens and Sonic. Next to Hwy-90 in growing city just North of Houston. Tenants include: Anytime Fitness, Richmond Dental, Elaine Nails & Spa, Pediatric, Physical Therapy and Donut shop. 100% NNN leased. NOI $232K/yr. $2.65M. 8.77% cap. 
3. Strip Center in Chesterfield Township, MI: 8858 SF newly constructed strip center anchored by 7-Eleven at a signalized intersection & across from CVS Pharmacy. All tenants facing main road. In growing middle-class Sterling Heights suburbs. 100% NNN leased. NOI $185K/yr. $2.315M. 8% cap. 
4. Burger King in Saint Paul, MN: 2275 SF Burger King on .84 ac lot adjacent to United Hospital and I-35. 100% NNN lease with 13 yrs left to 2^nd largest BK franchisee. NOI $92K/yr with 1.75%l rent increases every 2 yrs and 8% of sales percentage rent clause. $1.233M. 7.5% cap.  
5. Shopping Center in Lutz, FL: 24,900 SF shopping center between Walmart Supercenter and Target Supercenter. Along busy retail corridor and next to I-275. In affluent Tampa suburbs . 100% NNN leased. NOI $531K/yr. $6.4M. 8.30% cap.  
6. Shopping Center in Austin, TX: 30,873 SF 5 yr old shopping center on 5 acres of land in fast growing (114.18% since 2000) and affluent (AHI $154K/yr in 1 mile) neighborhood. 96% NNN leased. NOI $742K/yr. $9.95M. 7.46% cap. Upside potential.  
7. Neighborhood Center in Riverdale, FL: 125,385 SF shopping center anchored by a recently renovated Kroger grocery store and a recently added Kroger fuel station. In growing Atlanta metro. 91% NNN leased. NOI $1.239M. $ 15.4M. 8.05% cap.  
8. Bankruptcy sale of Shopping Center in Sanford, FL: 38,000 SF upscale constructed shopping center built in 2008 at a signalized intersection of State Road 46. Close to Seminole Towne Center and I-4 just North of Orlando. 62% lease to 16 tenants. NOI $405K/yr. 7.5% cap.  
9. Retail Center in Indianapolis, IN: 18,300 SF inline retail center anchored by Dollar General at a signalized intersection. 100% NNN leased. NOI $114K/yr. $1.275M. 9% cap.

© Transmercial 2012